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.
As 85% of Chinese thermal coal producers and 35% of miners focused on the metallurgical kind are now running at a loss.
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.
ICVL wants boost annual production at its Benga mine from 5.3 million tonnes to 13 million tonnes in the next five years.
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.
“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.”
Study shows half of a mining project's value can be lost due to permitting delays.
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.
Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.
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.
It had said in January that the closure of its Optimum coal mines would put over 1,000 jobs at risk.
Findings of a new research show the 11% fall in carbon emissions between 2007 and 2013 was caused mainly by depressed market conditions.
The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.
The deals represent two ground-breaking initiatives to make Canada’s mining industry more fuel-efficient and environmentally friendly.
Federal Natural Resources Minister, Greg Rickford, argues that the federal government is taking the right steps through new legislation.
Industry highlights top priorities at the Energy and Mines Ministers’ Conference
North Korea was the only country to boost coal shipments to China this year as Vietnamese supply slumped.
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.
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.
This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.
It would be the first time since 2009 that Anglo has to cut dividends.
Spending corresponds to a $1.1 million pollution fine and further $6 million on environmental mitigation projects.
With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.
For investors, there’s no place like home. Data shows that investors are heavily sector-biased based on where they live.
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.
It marks the end of a three-century industry that once employed over a million workers in the U.K.
Get Mining News and Alerts
sent to your inbox daily