Coal News

Coal mining, investment and price news

About 30,000 fresh job cuts, more mine closures expected in Australia

Cecilia Jamasmie | July 29, 2015
About 30,000 fresh job cuts, more mine closures expected in Australia

A fresh survey of mining industry leaders is predicting more mine closures and job cuts as the prices of commodities like iron ore and coal decline.

China planning to step up controls on coal imports — report

Cecilia Jamasmie | July 28, 2015
China planning to step up controls on coal imports — report

As 85% of Chinese thermal coal producers and 35% of miners focused on the metallurgical kind are now running at a loss.

CHART: Coal lobbying expenses collapse

Cecilia Jamasmie | July 27, 2015
CHART: Coal lobbying expenses collapse

The spending decline comes as U.S. coal miners struggle to clear hurdles on the federal level, including both newly proposed measures and regulations already being implemented.

Indian miner to expand operations at Rio's former Mozambique coal assets

Cecilia Jamasmie | July 27, 2015
Indian miner to expand operations at Rio's former Mozambique coal assets

ICVL wants boost annual production at its Benga mine from 5.3 million tonnes to 13 million tonnes in the next five years.

Teck credit rating at risk due to poor commodity price

Business in Vancouver | July 24, 2015
oilsands oil sands truck mining

Teck Resources Ltd. (TSX:TCK.B)(NYSE:TCK) reported increased profit in 2015’s second quarter but as commodity prices slide, the company sees a greater risk of its credit rating being demoted from investment-grade.

Anglo American to axe 53,000 jobs, put 15 assets up for sale

Cecilia Jamasmie | July 24, 2015
Anglo American to axe 53,000 jobs, put 15 assets up for sale

“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”

New study: Costs of permitting delays to mining projects

National Mining Association | July 24, 2015
Colleen - Approved, permit, granted, seal of approval, stamped, permission granted 333

Study shows half of a mining project's value can be lost due to permitting delays.

Mining firms should act now to stay ahead of local content rules

Achilles | July 24, 2015
Mining firms should act now to stay ahead of local content rules

Global miners could be at risk of losing valuable exploration and operating licences unless they step up their efforts to award work to suppliers in the locality of contracts.

Global miners improve policies on community consent, while oil and gas lag

Oxfam America | July 23, 2015
Global miners improve policies on community consent, while oil and gas lag

Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.

Coal slump hits Teck’s profit, output forecast

Cecilia Jamasmie | July 23, 2015
Coal slump hits Teck’s profit, output forecast

The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.

Glencore to slash 380 coal jobs in South Africa

Cecilia Jamasmie | July 22, 2015
Glencore to slash 380 coal jobs in South Africa

It had said in January that the closure of its Optimum coal mines would put over 1,000 jobs at risk.

Economic slump, not drop in coal use, responsible for U.S. carbon emissions fall

Cecilia Jamasmie | July 22, 2015
Economic slump, not drop in coal use, responsible for U.S. carbon emissions fall

Findings of a new research show the 11% fall in carbon emissions between 2007 and 2013 was caused mainly by depressed market conditions.

BHP Billiton beats iron ore guidance, takes copper write-downs

Cecilia Jamasmie | July 22, 2015
BHP Billiton beats iron ore guidance, takes copper write-downs

The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.

Canadian provinces to cut fuel use, boost tidal energy

Cecilia Jamasmie | July 21, 2015
Canadian provinces to cut fuel use, boost tidal energy

The deals represent two ground-breaking initiatives to make Canada’s mining industry more fuel-efficient and environmentally friendly.

Canadian ministers urged to better prevent damage from mining

Cecilia Jamasmie | July 21, 2015
Canadian ministers urged to better prevent damage from mining

Federal Natural Resources Minister, Greg Rickford, argues that the federal government is taking the right steps through new legislation.

Canada's resource industry calls for government collaboration on three key challenges

Industry highlights top priorities at the Energy and Mines Ministers’ Conference

North Korea gains in China coal exports as Vietnam bows out

Bloomberg | July 20, 2015

North Korea was the only country to boost coal shipments to China this year as Vietnamese supply slumped.

Cecilia Jamasmie

The US coal industry just had the worst week in years

Cecilia Jamasmie | July 20, 2015
The US coal industry just had the worse week in years

A wave of bankruptcy is sweeping an industry already hit by competition from inexpensive natural gas, tougher environmental rules and a global coal glut that has decimated prices.

Wall collapses at Philippine coal pit, killing 5 workers and leaving 4 missing, governor says

Associated Press | July 19, 2015

A wall in a vast coal pit collapsed in the central Philippines early Friday, killing five workers and leaving at least four others missing at a site where a similar deadly accident occurred two years ago, a governor said Friday.

Anglo American to write down up to $4bn on weak commodity prices

Cecilia Jamasmie | July 16, 2015
Anglo American to write down up to $4bn on weak commodity prices

This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.

Anglo American likely to cut dividend amid commodities collapse

Cecilia Jamasmie | July 15, 2015
Anglo American likely to cut dividend amid commodities collapse

It would be the first time since 2009 that Anglo has to cut dividends.

Alliant Energy to fork out over $7 million on cutting pollution from coal-fired power plants

Cecilia Jamasmie | July 15, 2015
Alliant Energy to fork out over $7 million on cutting pollution from coal-fired power plants

Spending corresponds to a $1.1 million pollution fine and further $6 million on environmental mitigation projects.

BHP Billiton to take a $2.8 billion write-down on US assets

Cecilia Jamasmie | July 15, 2015
BHP Billiton to take a $2.8 billion write-down on US assets

With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.

Visual Capitalist

INFOGRAPHIC: Data shows investing is heavily biased by Geography

Visual Capitalist | July 14, 2015
Data shows investing is heavily biased by Geography - percentage map

For investors, there’s no place like home. Data shows that investors are heavily sector-biased based on where they live.

First time ever: Gas overtakes coal in US power mix

Cecilia Jamasmie | July 13, 2015
First time ever: Gas overtakes coal in US power mix

Already battered by increasingly onerous regulations on pollution from power generation, U.S. coal miners are now suffering the impact of cheap natural gas on the industry.

End of an era for UK coal mining — last mines close up shop

Cecilia Jamasmie | July 10, 2015
End of an era for UK coal mining — last mines close up shop

It marks the end of a three-century industry that once employed over a million workers in the U.K.

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