Coal News

Coal mining, investment and price news

Life hasn’t come back to Canada’s mining sector just yet — report

Cecilia Jamasmie | May 28, 2015
Life hasn’t come back to Canada’s mining sector just yet — report

Mining equities didn’t fare very well in Ernst & Young's most recent Canadian Mining Eye report.

INFOGRAPHIC: Lunar gold rush — How moon mining could work

911Metallurgist | May 28, 2015

Across history, human development has relied upon the finite resources available on Earth. But the moon – a seemingly barren rock – may actually be a treasure trove of rare resources vital to Earth’s future.

Teck reacts to depressed coal prices by halting production at Canadian mines

Cecilia Jamasmie | May 28, 2015
Teck reacts to depressed coal prices by halting production at Canadian mines

The company says each of its six mines will be shut down for three weeks in the third quarter.

South Africa doesn’t have enough coal for power plants beyond 2016

Cecilia Jamasmie | May 27, 2015
South Africa doesn’t have enough coal for power plants beyond 2016

Main power utility, Eskom, is struggling to meet demand in a country that depends on coal to generate 85% of its electricity.

US to miss own emissions targets: report

Cecilia Jamasmie | May 27, 2015
US to miss own emissions targets: report

Necessary tougher measures are likely to meet fierce Republican opposition.

China eyes Canadian uranium miners — report

Cecilia Jamasmie | May 26, 2015
China eyes Canadian uranium miners — report

China needs supply for its 22 operating reactors and the other 24 currently are under construction.

US Congress passes bill on space mining

Cecilia Jamasmie | May 22, 2015
US Congress passes bill on space mining

Welcome to the future.

US coal miner Murray Energy to lay off around 1,800

Cecilia Jamasmie | May 22, 2015
US coal miner Murray Energy to lay off around 1,800

The planned cuts, about 21% of Murray’s workforce, will come largely at mines in Ohio and West Virginia, a state hit hard by recent coal mine closures and layoffs.

Can the mining industry diversify itself?

The mining industry is said to be one of the worst performers in matters of gender diversity. In fact, women represent only 16% of the workforce in the mining sector.

Digging deep to unearth success in mining ventures

QUTthumb

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.

More »