Coal News

Coal mining, investment and price news

Power shortages, cost cuts to hit Congo’s copper output

Cecilia Jamasmie | August 28, 2015
Power shortages, cost cuts to hit Congo’s copper output

With the only exception of gold, production numbers for most other commodities mined in the Central African nation are also expected to decline this year.

Freeport-McMoRan cuts spending, production and jobs: shares soar

Cecilia Jamasmie | August 27, 2015
Freeport-McMoRan cuts spending, production and jobs: shares soar

The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.

About 80% of Colombia’s gold output comes from illegal miners — Gov't

Cecilia Jamasmie | August 27, 2015
About 80% of Colombia’s gold output comes from illegal miners — Gov't

Authorities say the $2.5 billion illicit mining industry is creating a parallel economy that is deemed to damage the business of those who operate legally.

Jim Rogers: Commodity bull market hasn't gone away

Frik Els | August 26, 2015
Jim Rogers: Commodity bull market hasn't gone away

Commodity investing legend says the Chinese market is on its way to "finding a good bottom."

Vale sells Integra coal mine in Australia to Glencore and Bloomfield

Cecilia Jamasmie | August 26, 2015
Vale sells Integra coal mine in Australia to Glencore and Bloomfield

The sale follows last month’s touted deal with Stanmore Coal, which bought Vale's Isaac Plains coal mine for just a dollar.

Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Cecilia Jamasmie | August 25, 2015
Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.

Visual Capitalist

INFOGRAPHIC: The evolution of America's energy supply (1776 – 2014)

Visual Capitalist | August 25, 2015
Largest coal mines still in Wyoming, but US is diversifying

The Energy Information Administration (EIA) recently released data on the history of America’s energy supply, sorted by the share of each energy source.

Anglo American ok to extend debated coal mine in Australia

Cecilia Jamasmie | August 25, 2015
Anglo American ok to extend debated coal mine in Australia

New South Wales planning authorities say a scaled-back plan to extend the life of Anglo’s Drayton South open-cut mine in the Hunter Valley can be approved, but with certain conditions.

BHP Billiton posts worst profit in over 10 years

Cecilia Jamasmie | August 25, 2015
BHP Billiton posts worst profit in over 10 years

As prices for the company's four key "pillar" commodities —iron ore, metallurgical coal, copper and oil and gas — have all dropped to multi-year lows in the past 12 months.

Frik Els

CHART: Stop panicking about China and mining

Frik Els | August 24, 2015
GRAPH: Stop panicking about China and mining

We're not in 2008 – plotting global economic growth against commodity prices shows metals and mining sell-off is disconnected from realities on the ground.

Anglo American sells copper mines in Chile to UK investment firm

Cecilia Jamasmie | August 24, 2015
Anglo American sells copper mines in Chile to UK investment firm

The price for the two assets could rise to $500m from $200m, depending on an eventual recovery of copper prices and the execution of an expansion plan for the Mantoverde mine.

Will India no longer buy Australian coal?

The answer is NO, according to the leader of The Greens, Richard Di Natale.

South32 survives mining sector slump, to cut $350m in costs until 2018

Cecilia Jamasmie | August 24, 2015
South32 survives mining sector slump, to cut $350m in costs until 2018

The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.

China fresh sell-off sends commodities, markets to the pits

Cecilia Jamasmie | August 24, 2015
China fresh sell-off sends commodities, markets to the pits

The US has suspended the futures market on the Nasdaq index, as panicking traders have driven it down 5% — the maximum allowed under Wall Street rules.

Coal mine massacre during Solidarity-era Poland to go public

Andrew Topf | August 23, 2015
The memorial to the coal miners who died at Wujek.

One of the darkest events in the martial-law era of Poland in the early 1980s will soon be available to the public.

Visual Capitalist

INFOGRAPHIC – On the precipice: Will global markets follow commodities off the cliff?

Visual Capitalist | August 21, 2015
INFOGRAPHIC - On the precipice - graph

Today may be the end of this trend of divergence. US equities are at a precipice: fueled by low rates and quantitative easing for years, they have finally started to tumble from record highs.

Forget slower growth, worry about Chinese GDP contraction

Frik Els | August 20, 2015
Forget slower growth, worry about Chinese GDP contraction

Chinese rail freight tonnage – a key indicator for economic activity and the commodities trade – has plunged by 10.2% this year.

These are the US top coal basins

SNL Energy | August 20, 2015

SNL Energy Research analyzes the top coal basins in select regions amid predictions of further pain for the global coal industry, including mine closures, liquidations and bankruptcies.

New landscape for BC mining environmental reviews

Canada must open mining to First Nations to remain competitive— study

First Nation support for resource projects has become increasingly important to their success.

Kalgoorlie takes hit after mining tenement numbers collapse

ABC News | August 19, 2015

Hundreds of thousands of dollars of infrastructure projects have been put on hold in Western Australia's mining heartland.

Glencore stock getting hammered as China slowdown, commodities rout hit profit

Cecilia Jamasmie | August 19, 2015
Glencore stock getting hammered as China slowdown hits profit

The world's leading commodity trader stock slumped to a record low Wednesday after it revealed it swung to a steep first-half loss of $676 million.

Visual Capitalist

INFOGRAPHIC: Mapping every power plant in the United States

Visual Capitalist | August 18, 2015

Today's series of maps show the size and type of every power plant in the United States.

Goldman Sachs abandons physical commodities after coal division sale

Cecilia Jamasmie | August 17, 2015
Goldman Sachs abandons commodities after coal division sale

The firm began disposing mining assets last year, as prices for most commodities began a downward trend and U.S. regulators increased pressure on banks to get out of risky businesses.

German coal protesters shut down lignite mine

Andrew Topf | August 16, 2015
Coal revival cripples Germany’s $130 billion green drive

A group of activists protesting the use of coal in Germany were teargassed over the weekend after breaking through police lines, RT reported on Sunday.

Glencore sells stakes in three assets, gets only $290 million

Cecilia Jamasmie | August 14, 2015
Glencore sells stakes in three assets, gets only $290m

Investors weren't happy with the news. The stock dropped to record lows Friday, becoming the top loser on FTSE 350 mining index.

7 Key rules contrarian investors should adhere too

Tactical Investor | August 14, 2015

Contrarian investing is a dynamic field and not a static one.

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