Coal News

Coal mining, investment and price news

Digging deep to unearth success in mining ventures

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Researchers from QUT's Australian Centre for Entrepreneurship Research (ACE) investigated more than 1000 joint ventures in the Australian mining industry to uncover why some succeed and others fail.

Mitsui mulls expanding into food, drugs sectors to offset profit drop

Cecilia Jamasmie | May 20, 2015
Mitsui mulls expanding into food, drugs sector to offset profit drop

The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.

Coal of Africa gets the go ahead for its Makhado Project

Tavis Communications | May 19, 2015

The miner was granted a New Order Mining Right (“NOMR”) for its flagship Makhado hard coking and thermal coal project in South Africa's Limpopo Province.

'Skinny' South32 disappoints on debut

Frik Els | May 18, 2015
'Skinny' South32 disappoints on debut

Market valuation at lower end of expectations on worries over dearth of reserves. BHP stock falls 6%.

Duke Energy pleads guilty to coal ash pollution charges, to pay $102 million

Cecilia Jamasmie | May 15, 2015
Duke Energy pleads guilty to coal ash pollution charges, to pay $102 million

The U.S. largest electrical utility, has pleaded guilty to nine criminal violations of the Clean Water Act for polluting four major rivers with coal ash.

Eric Coffin – pinpoints the mining companies with resources that are right for today's market

The Gold Report | May 14, 2015
Reports review mining

In this interview with The Gold Report, he suggests some companies with resources that not only make sense but could make even more sense to larger companies.

Poland fights for coal, but Russia may benefit

Politico | May 14, 2015

Poland's defense of coal, which has been a measure of energy independence from Russia, might actually be an asset to the Kremlin's influence.

Sign of the times: Western Australia selling $4.1bn in assets as mining revenue drops

Cecilia Jamasmie | May 14, 2015
Sign of the times: Western Australia selling $4.1bn in assets as mining revenue drops

The sell-off includes the state's largest general cargo port, Fremantle.

US coal-fired plants retiring to peak this year — study

Cecilia Jamasmie | May 13, 2015
Most US coal-fired plants retiring this year — study

SNL says the closures represent about 4% of installed coal capacity in the U.S. and it will make up a third of nationwide coal plant retirements between 2010 and 2015.

Glencore under fire on Colombia coal mines

The commodity and mining firm is battling activists who allege its Colombian coal mines have whisked profits out of the country, while causing environmental and labor issues.

Patriot Coal files for bankruptcy, in talks to sell all assets

Cecilia Jamasmie | May 12, 2015
Patriot Coal files for bankruptcy, in talks to sell all assets

The US coal miner listed assets and liabilities of more than $1 billion each in court filings.

Glencore CEO says rivals pushing mining sector into confidence crisis

Cecilia Jamasmie | May 12, 2015
Glencore CEO says rivals pushing mining sector into confidence crisis

Ivan Glasenberg has once again slammed his competitors, who he accuses of damaging the credibility of the mining industry.

This is how BHP plans to be the world’s lowest-cost iron ore miner

Cecilia Jamasmie | May 12, 2015
This is how BHP plans to be the world’s lowest-cost iron ore miner

CEO Andrew Mackenzie announced the firm would cut capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.

Major blow to illegal mining in Colombia’s Amazon: 59 arrested

Cecilia Jamasmie | May 12, 2015
Major blow to illegal mining in Colombia’s Amazon: 59 arrested

The country's armed forces raided 63 illegal mines operated by leftist guerrillas, blowing up machinery and arresting dozens.

World Bank grants Tanzania $45 million to improve mining sector

Cecilia Jamasmie | May 11, 2015
World Bank grants Tanzania $45 million to improve mining sector

Africa's No.4 gold producer is also rich in coal, uranium, diamonds, emeralds, rubies and sapphires.

Rio’s new coal chief sees commodity recovery in the ‘very’ far distance

Cecilia Jamasmie | May 11, 2015
Rio’s new coal chief sees commodity recovery in the ‘very’ far distance

Jean-Sébastien Jacques thinks it will take three to four years for thermal coal prices to recover.

Major miner in B.C., on verge of bankruptcy, says overdue payments coming

Business in Vancouver | May 10, 2015

Walter Energy, Inc. says it will come through with $64.2 million in interest payments due May 15 following concerns it was facing bankruptcy.

Copper, iron ore prices hold up despite China trade shock

Frik Els | May 8, 2015
Copper, iron ore prices hold up despite Chinese trade shock

Overall Chinese imports plummeted 16% in April as coal enters free-fall, but iron ore's decline was modest and copper shipments jumped 5%.

Global CO2 levels reach historic record

Cecilia Jamasmie | May 8, 2015
Global CO2 levels reach historic record

The monthly global average concentration of CO2 in March was the highest since scientists began tracking this greenhouse gas in the global atmosphere.

SNL Energy reports top-paid CEOs

SNL Energy | May 8, 2015
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2 new SNL Energy reports rank the highest-paid CEO's in 2014 for power and gas utility and for midstream.

Rick Rule: Mathematics of a resource portfolio

Sprott's Thoughts | May 8, 2015
investors, stock market, capital, shares, room surrounded by stock market figures and people watching - Colleen - 333

Tekoa and Rick get into the ‘nuts and bolts’ of speculating in exploration stocks.

Bank of America has just dumped coal

Cecilia Jamasmie | May 7, 2015
Bank of America has just dumped coal

The banks is reducing its financing for coal mining projects, which now considers too risky.

Famed mining speculator Rick Rule on takeovers, technology and politics

CEO.CA | May 7, 2015
Rick Rule

Today we are talking about liberty, social media and the securities business with Rick Rule, the best communicator in the mining investment business, and the chairman of Sprott USA, the world’s leading natural resources and precious metals investor.

Oilprice.com

David V. Goliath: Small-cap tech to save giant coal

Oilprice.com | May 7, 2015
EPA unveils tighter regulations on carbon emissions, experts call them 'coal killer"

The Environmental Protection Agency's (EPA) new mercury pollution regulations that took effect last month opened the flood gates for a new multi-billion-dollar energy industry that has investors scrambling to get in on second-generation technology poised for massive revenue gains.

Glencore boss blames iron ore top miners for share price fall

Cecilia Jamasmie | May 7, 2015
Glencore boss blames iron ore top miners for share price fall

The company's shares have lost over 40% of their value since it first listed in 2011 on the London Stock Exchange.

ArcelorMittal cuts profit expectations for 2015 amid steel glut

Cecilia Jamasmie | May 7, 2015
ArcelorMittal cuts profit expectations for 2015 amid steel glut

The company now expects earnings before interest, tax, depreciation and amortization, which is a more closely watched metric than net income in the steel industry, to be between $6bn and $7bn.

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