Coal News

Coal mining, investment and price news

$60 billion for mining private equity a myth

Frik Els | March 26, 2015
$60 billion for mining private equity a myth

Looking for an exit or a lifeline? Look further says $8 billion fund manager.

Five companies in Australia's Cooper Basin worth watching: Canaccord Genuity's Johan Hedstrom

The Energy Report | March 27, 2015

Canaccord Genuity energy analyst Johan Hedstrom is tasked with scouring the Australian oil patch looking for good deals even as prices slip and slide.

US coal producers shaved production costs further in challenging 2014

SNL Energy | March 26, 2015

Production costs for a handful of U.S. coal producers declined in 2014, but some Illinois Basin producers actually reported higher costs, according to a cost-of-coal-sales-per-ton analysis by SNL Energy.

Congo’s planned mining code changes 'too risky': miners

Cecilia Jamasmie | March 26, 2015
Congo’s planned mining code changes 'too risky': miners

The country's Chamber of Mines says the new code would send the mining industry back by at least 10 years.

Glencore shutting down its West Wallsend coal mine in Australia

Cecilia Jamasmie | March 26, 2015
Glencore shutting down its West Wallsend coal mine in Australia

The firm said poor coal prices meant it would not make sense to extend the life of the mine.

Frik Els

Mining private equity: It's Davis or bust?

Frik Els | March 25, 2015
Mining private equity: It's Davis or bust?

Until Mick Davis pulls the trigger on X2's $5.6 billion, wishful thinking and unhealthy skepticism will pervade talk around private equity and mining.

M. Stanley slashes metals outlook on 'dormant' China

Frik Els | March 24, 2015
M. Stanley slashes metals outlook on 'dormant' China

Investment bank cuts 2015 nickel price forecast by 19%, while copper price estimate is slashed as market moves into oversupply.

Freeport axes dividend by 84% amid weak commodity prices

Cecilia Jamasmie | March 24, 2015
Freeport axes dividend by 84% amid weak commodity prices

The copper and gold miner will pay a dividend of 5 cents.

Cliffs sells Ontario’s Ring of Fire claims to Noront for $20 million

Cecilia Jamasmie | March 23, 2015
Cliffs sells Ontario’s Ring of Fire claims to Noront for $20M

The U.S. miner said the sale is part of a strategy to divest non-core assets and focus on supplying iron ore pellets to the North American steel industry.

South Africa woes cast doubt on BHP spin-off success

Cecilia Jamasmie | March 23, 2015
South Africa woes cast doubt on BHP spin-off South32 success

There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.

Coal projects, port expansion could permanently damage Great Barrier Reef: report

Andrew Topf | March 22, 2015
Queensland wants coal waste to be dumped onshore, not near reef

The Great Barrier Reef is at risk of permanent damage should huge coalmining and a port development in Queensland go ahead, scientists say in a new report.

Oilprice.com

A “wave of bankruptcies” about to hit coal industry

Oilprice.com | March 20, 2015

The future for the coal industry is looking “increasingly bleak,” according to an investor’s note from Macquarie Research.

China claims coal mine deaths down to record low

Cecilia Jamasmie | March 20, 2015
China claims coal mine deaths down to record low

Coal mine fatalities in China dropped almost 87% to 931 last year from more than 7,000 casualties registered in the sector in 2002, according to official figures recently disclosed.

No end in sight for mining sector gloomy state: report

Cecilia Jamasmie | March 18, 2015
No end in sight for mining sector gloomy state: report

The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.

Why Goldman Sachs is wrong about commodity prices: Philip Richards

The Mining Report | March 18, 2015
Bulldozer in open-pit cooper mine

In this interview with The Mining Report, Richards discusses his outlook for oil, gold, vanadium, zinc and nickel, and profiles companies with projects that will see the light of day even in harsh price environments.

Foresight deal would land Murray Energy at top of US coal's two hottest basins

SNL Financial | March 18, 2015
Coal mine background

Murray Energy plans to expand its footprint in the U.S. coal sector's other geographical hot spot with a major $1.40 billion investment in Illinois Basin-producer Foresight Energy LP.

Coal, iron ore prices unlikely to rise until at least 2016

ABC News | March 17, 2015

Westpac’s chief economist says with demand out of China unclear coming into the New Year, and high volumes of iron ore being exported to the country, price volatility will continue.

Wood Mackenzie: Nearly 17% of US coal production uneconomic at current market pricing

Wood Mackenzie | March 17, 2015
coal train mining

Close to 17% of forecast 2015 US coal production is at risk of idling or closure, totalling 162 million short tons (Mst), as these mine's total cash costs plus sustaining capital expenditures exceed current market pricing, according to Wood Mackenzie's latest coal market outlook.

Gwen Preston - Resource Maven

Selectivity and patience: Resource investing today

Spread your dollars amongst takeout candidates, major miners, and juniors with the best odds of outperforming when the markets start to move. Then wait.

BHP's South32 spinoff to cost $738m

Frik Els | March 16, 2015
BHP spinoff could be worth $12 billion

Board proposes to give shareholders one share in the $12bn spin-off company for every BHP share owned, but the whole process comes with hefty fees.

After Finland buy, fund seeks met coal, base metal mines

Frik Els | March 16, 2015
After Finland buy, fund seeks met coal, base metal mines

Former Anglo-exec running hedge fund's mining business wants to follow up Talvivaara nickel acquisition with zinc, nickel, copper and coking coal deals.

‘Zombie’ miners pulling down TSX Venture exchange

Business in Vancouver | March 16, 2015

The plug should be pulled on these marginal junior miners, say investors.

With Innovative Deal, These Coal Tycoons Aim To Be The Last Ones Standing

Forbes | March 16, 2015

America’s coal mining industry may be on life support, but it’s not dead yet. And in a big deal announced Sunday evening proves it.

Norway's sovereign wealth fund drops over 50 coal companies

The Guardian | March 16, 2015
old map of norway with flag on country territory

Norway’s Government Pension Fund Global (GPFG), the world’s richest sovereign wealth fund, divested from over 50 coal companies in 2014, new analysis has revealed.

National Association of Manufacturers’ survey sees positive outlook for manufacturers in 2015

info@mineralsmakelife.org | March 14, 2015
US manufacturing data sends gold higher

Manufacturing production should continue to accelerate, growing 3.0% over the next two quarters

North Korea digging ever deeper to keep its economy afloat

The Guardian | March 12, 2015
Largest known rare earth deposit discovered in North Korea

The sharp fall in global commodity prices is starting to have an impact on North Korea, economists say, hurting a state that relies heavily on exports of minerals to keep its economy afloat – and its gargantuan military funded.

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