Coal News

Coal mining, investment and price news

INFOGRAPHIC: Environmental control projects at units granted MATS extensions

SNL Energy | June 29, 2015
coal mining

Due to the long lead time for environmental control projects, many coal-fired generators have moved ahead with compliance plans.

New study shows the economic effects of permitting delays on the U.S. mining industry

info@mineralsmakelife.org | June 29, 2015
bureacracy_red_tape_

Duplicative permitting processes can delay mining projects a decade or longer.

Coal shares jump after U.S. Supreme Court rejects mercury rule

Bloomberg | June 29, 2015
American businessmen accused of using fake gold mine to get $1m from investors

Beleaguered U.S. coal producers were thrown a lifeline after the Supreme Court struck down the Obama administration’s rule on mercury and acid gases from power plants.

Oilprice.com

Why Buffett bet a billion on solar

Oilprice.com | June 28, 2015

During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap.

Coal-fired power plants feel the heat of Alberta’s new carbon tax rules

Financial Post | June 26, 2015

Industry actors such as the CEO of Capital Power Corp. are worried Alberta could force the early retirement of coal-fired power plants.

Rio Tinto sells Murowa diamond mine and leaves Zimbabwe

Cecilia Jamasmie | June 26, 2015
Rio Tinto sells Murowa diamond mine and leaves Zimbabwe

The company, however, said it remained committed to the diamond industry.

Dismal state of TSX-V in two crushing graphs

Frik Els | June 25, 2015
Dismal state of TSX-V in two crushing graphs

Bear market is more than 1,000 days old and nearly 1,200 companies have dropped off the Toronto venture market.

Adani confirms work halted at controversial coal project by the Great Barrier Reef

Cecilia Jamasmie | June 25, 2015
Adani confirms work halted at controversial coal project by the Great Barrier Reef

But the Indian company said it remains committed to the US$12bn Carmichael project in Queensland, Australia.

Chile may revoke Teck’s copper mine permit over environmental breaches

Cecilia Jamasmie | June 23, 2015
Chile may revoke Teck’s copper mine permit over environmental breaches

Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.

Kameron Collieries closer to reopen massive coal mine in Canada's Nova Scotia

Cecilia Jamasmie | June 22, 2015
Kameron Collieries closer to reopen massive Canadian coal mine in Nova Scotia

In recent months the mine has been pumped out and now the company is working on fixing existing power lines and bringing equipment to the site.

Glencore to pay new entity in global chain to market coal

Sydney Morning Herald | June 22, 2015

Swiss-based mining giant Glencore says it will pay a new entity within its global chain to market and distribute its coal as it moves to close its Singapore office.

Met-coal plumbs decade lows

Andrew Topf | June 21, 2015
Met coal outlook improves significantly

Hobbled by too much supply and not enough demand, especially in China, the coal needed to produce steel has fallen to levels not seen since 2004.

Oilprice.com

China’s energy demand may not increase until 2017

Oilprice.com | June 21, 2015
How China controls Ecuador's oil

In this post I revisit the energy production and consumption data for China looking for clues about the future direction of global energy markets.

SNL Energy: Narrow band of 16 Central Appalacia counties 'Ground Zero' in coal job free fall

SNL Energy | June 17, 2015

Unsurprisingly, coal mine employment has continued to fall as coal-fired power plants nationwide are shuttered over regulations and lower natural gas prices, but a narrow band of counties stretching through Central Appalachia continue to bear the brunt of coal job losses.

Mining industry inertia will come at a price

Frik Els | June 16, 2015
Mining industry inertia will come at a price

PwC's John Gravelle on the mining industry's austerity drive, price realities and declining exploration spending.

Chris and Michael Berry: What the boomers got wrong—and right—about natural resource investing

The Gold Report | June 16, 2015
Mining companies lead surge in Canadian IPO market in Q4

The Gold Report, quizzed Chris and Dr. Michael Berry, authors of the Disruptive Discoveries Journal, on how investing has changed over the years in the gold, silver, niche metals and energy space, and what they are investing in today to make sure they survive to see the next cycle.

Rick Rule: When interviewing companies investors should start by asking—"What’s your liquidation value?"

Sprott's Thoughts | June 15, 2015
shutterstock convention 333

Rick Rule, Chairman of Sprott US Holdings, recounts how a small mining event led to a career-changing investment.

IEA climate report highlights need for investment in cleaner coal technologies

World Coal Association | June 15, 2015

The IEA report highlights how crucial cleaner coal technologies will be if global climate ambitions are to be met.

Coal miners First Arch, Peabody hit by lawsuits over retirement plans

Cecilia Jamasmie | June 15, 2015
Coal miners First Arch, Peabody hit by lawsuits over retirement plans

Both saw their stock collapse not just on these news, but also amid concerns that they will have to pay more for insurance that covers environmental damage.

VIDEO: 80% of China’s coal producers are in loss — Leung

Bloomberg | June 15, 2015

China’s stimulus push may be paying off. The pickup in industrial output and the jump in lending suggest the economy may be stabilizing. But does this mean Beijing will meet its 7% growth target?

Billions and billions pour into India and China

indian China

It’s been a little over a year since Narendra Modi took office in India, and so far the results have been mostly positive for the South Asian country and the surrounding region…

CHARTS: China's steel, iron, coal industry growth collapsing

Frik Els | June 12, 2015
CHARTS: China's steel, iron, coal industry growth collapsing

A new report shows China's move away from industrialization and construction to consumption and services is happening much quicker than previously thought.

Mine financing: 2015 off to dismal start

Frik Els | June 11, 2015
Mine financing: 2015 off to dismal start

A third of money raised is destined for Canadian projects while Australia's share of global total drops to only 5%.

Asian coal prices close to floor, unlikely to fall further than $10 -industry

Reuters | June 10, 2015

Coal prices in Asia are already at levels that have forced some producers to curb supply and are unlikely to fall more than another $10, industry officials said.

EPA releases EJSCREEN, an environmental justice screening and mapping tool

Today, the U.S. Environmental Protection Agency (EPA) released EJSCREEN, an environmental justice screening and mapping tool that uses high resolution maps combined with demographic and environmental data to identify places with potentially elevated environmental burdens and vulnerable populations.

U.S. coal miners owe over $62 million in health and safety violations fines

Cecilia Jamasmie | June 10, 2015
U.S. coal miners owe over $62 million in health and safety violations fines

The top ten coal miners alone had combined unpaid fines of $18.3 million by the end of April.

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