Coal News

Coal mining, investment and price news

Mongolia to sell stake in its giant Tavan Tolgoi coal mine

Cecilia Jamasmie | July 6, 2015
Mongolia to sell stake in its giant Tavan Tolgoi coal mine

The move is part of a plan to sell the government's holdings in 10 state-owned companies over this year and next to boost foreign investment and revive growth.

Australian coal miners attack China's new testing system

Cecilia Jamasmie | July 6, 2015
Australian coal miners attack China's new testing system

They claim Beijing is using it to block imports and so favour its own struggling coal industry.

Great Barrier reef escapes in-danger listing from UNESCO

Michael Allan McCrae | July 5, 2015
great barrier reef

Lobbying from the Australian Government

Anglo American laying off up to 20% of its staff as investors press for further savings

Cecilia Jamasmie | July 2, 2015
Anglo American laying off up to 20% of its staff as investors press for further savings

Cuts likely to be announced at the end of the month, when the miner is set to publish its first-half results.

World Coal Association welcomes China's continued commitment to low emissions coal technology

World Coal Association | July 2, 2015

The World Coal Association has welcomed today’s announcement by China of its Intended Nationally Determined Contribution (INDC) in preparation for the COP21 climate negotiations in Paris later this year.

US Gov’t offers $20 million to projects aimed at recovering rare earths from coal

Cecilia Jamasmie | July 1, 2015
US Gov’t offers $20 million to projects aimed at recovering rare earths from coal

The National Energy Technology Laboratory (NETL) has been investigating the economic feasibility of recovering the coveted elements from coal.

Michael Allan McCrae

The end of coal mining in Britain

Michael Allan McCrae | July 1, 2015
coal mining britain

Employed a million men and boys at its peak.

Davis’s X2 Resources goes after Rio’s coal assets in Australia

Cecilia Jamasmie | June 30, 2015
Davis’s X2 Resources goes after Rio’s coal assets in Australia

Negotiations between the parties, still at an early stage, are said to have generated solid interest from both sides.

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.

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