Coal News

Coal mining, investment and price news

Airborne Laser Mapping Reveals First World War Trenches in Derbyshire, England

Bluesky | October 24, 2014
B2

High resolution laser scanned height models may have revealed previously unrecorded First World War practice trenches. The LiDAR (Light Detection and Ranging) laser data, captured by aerial mapping company Bluesky, was commissioned by the Coal Authority as part of their research and development programme, which is looking at alternative ways to inspect mine entries in remote and rural areas.

India closer to ending decades-old state monopoly on coal

Cecilia Jamasmie | October 24, 2014
India closer to ending decades-old state monopoly on coal

The country is opening coal mining to private firms.

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Cecilia Jamasmie | October 23, 2014
Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

The move is seen by analysts as an attempt to strengthen the firm’s image.

B.C. Liberal government slashes rate in long-awaited LNG tax

Business in Vancouver | October 22, 2014
B.C. Liberal government slashes rate in long-awaited LNG tax

Recognizing the realities of global energy sector competition and under fire from major LNG proponents prior to being finalized, the BC Liberal government’s tax structure for liquefied natural gas production in the Western Canadian province.

China to scrap tariffs on Australian coal

Cecilia Jamasmie | October 22, 2014
China to scrap tariffs on Australian coal

The controversial duties, imposed earlier this month, will be eliminated once ongoing negotiations on a free trade agreement (FTA) between the two nations is finalized.

Horse breeders win coal mine expansion fight against Anglo American

Cecilia Jamasmie | October 22, 2014
Horse breeders win coal mine expansion fight against Anglo

Planners ruled Anglo’s 100 million-tonne project was a threat to the Hunter Valley's thoroughbred and tourism industries.

BHP shoots the lights out

Frik Els | October 21, 2014
BHP shoots the lights out

Petroleum, met coal, iron ore production set new quarterly records. Fall in copper volumes not enough to dent 9% overall output growth.

Citibank acquires Deutsche commodities trading book

Cecilia Jamasmie | October 21, 2014
Citibank acquires Deutsche commodities trading book

Tough regulations and worries about reputation have made trading commodities a source of worries for bank bosses.

Polish coal miner slashes production forecast amid restructuring

Cecilia Jamasmie | October 20, 2014
Polish coal miner slashes production forecast amid restructuring

Announcement comes as Polish authorities work on a plan to group its loss-making mines into a “bad” or a “good” unit.

Hundreds strike at Glencore’s coal mine in South Africa

Cecilia Jamasmie | October 20, 2014
Hundreds strike at Glencore’s coal mine in South Africa

Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.

TECO Energy sells coal subsidiary for $170 million

Cecilia Jamasmie | October 20, 2014
TECO Energy sells coal subsidiary for $170 million

The sale price includes future payments of $50 million if certain coal benchmark prices reach specified levels over the next five years.

Peabody swings to loss as coal prices plunge

Cecilia Jamasmie | October 20, 2014
Peabody swings to loss as coal prices plunge

While coal sales have shown some signs of a rebound, low natural-gas prices continue to pressure the fossil fuel demand and pricing.

Mining investment in Kazakhstan to reach $30bn by 2017

Cecilia Jamasmie | October 20, 2014
Mining investment in Kazakhstan to reach $30bn by 2017

The country is fine-tuning details of a new mining law that will make it easier for foreigners to tap the nation’s riches.

Coal central to pivotal Kentucky Senate race

Andrew Topf | October 19, 2014
BHP-owned Aussie coal mine to lock workers out again

Eastern Kentucky could play a deciding role in a Senate race seen as important to establishing control of the United States Congress in upcoming mid-term elections.

Indonesia’s Choice: Coal vs. Environment

Epoch Times | October 19, 2014

Indonesia cannot build power stations fast enough. And neither can most of its Asian neighbours.

Visual Capitalist

INFOGRAPHIC: a year's worth of resources in BC

Visual Capitalist | October 17, 2014
autumn in the canadian northwest territories along ogilvie river and mountains

In response to popular demand from our home province of British Columbia, today we visualize the amount of natural resources extracted from BC each year.

Cliffs the newest victim of iron ore price slump: to take $6bn charge

Cecilia Jamasmie | October 17, 2014
Cliffs the newest victim of iron ore price slump: to take $6bn charge

The miner said the move was driven by its revised pricing outlook and adverse market conditions.

Renewables would boost First Nations’ support for mining in Ontario: poll

Cecilia Jamasmie | October 16, 2014
Renewables would boost First Nations’ support for mining in Ontario: poll

About 71% of the Northern Ontario First Nation community residents surveyed believe the provincial government is not doing enough to promote renewables.

Brazil’s iron ore giant MMX seeks bankruptcy protection

Cecilia Jamasmie | October 16, 2014
Brazil’s iron ore giant MMX seeks bankruptcy protection

Ex-billionaire Eike Batista’s main mining unit became the third of his companies to file for bankruptcy protection in a year.

BHP bows to pressure, to list spinoff in London

Cecilia Jamasmie | October 16, 2014
BHP bows to pressure, to list spinoff in London

The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.

Prestigious book prize saves author from mining

Frik Els | October 15, 2014
Prestigious book prize saves author from mining

Australian winner of Booker Prize said the $80,000 award means he doesn't have to become a mine worker anymore.

Mick Davis has now almost $5 billion to build new mining empire

Cecilia Jamasmie | October 15, 2014
Mick Davis has now almost $5 billion to build new mining empire

The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."

INFOGRAPHIC: 10 ways the rich avoid the taxman

Visual Capitalist | October 15, 2014
Businessman running in park

Nobody likes taxes. However, when the super rich are stuck in forfeiting millions of dollars to taxes each year, they probably despise them even more than the average person.

Rio Tinto: what other consolidation options are there in the mining sector?

IG | October 14, 2014

Amongst the swathe of comment, reaction and analysis surrounding Glencore’s attempted takeover of Rio Tinto – revealed recently but rebuffed back in August – there was little surprise that Glencore would attempt such a move.

South Africa considers declaring certain minerals as strategic

Reuters | October 14, 2014

Under the bill, such minerals "will be sold for production costs excluding transportation. That is the mine-gate price.

Coal unit retirements, conversions continue to sweep through power sector

SNL Energy | October 14, 2014
BHP-Mitsubishi axing 700 coal mining jobs

SNL Energy provides its latest update on past and future coal unit retirements in the U.S. electric power sector. The analysis now includes more in-depth data on coal unit conversions to alternate fuels.

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