Coal News

Coal mining, investment and price news

Cliffs Resources officially shutting Canadian Wabush Mines

Cecilia Jamasmie | October 31, 2014
Cliffs Resources officially shutting Canadian Wabush Mines

About 500 workers will lose their job.

Colombian coal mine flooding kills 12

Cecilia Jamasmie | October 31, 2014
Colombian coal mine flooding kills 12

A perforation made in a subterranean water source had flooded the underground mine late Thursday.

U.K. Coal Authority launches mobile friendly version of Interactive Map Viewer

MINING.com News | October 31, 2014
U.K. Coal Authority launches mobile friendly version of Interactive Map Viewer

The application allows users to view selected coal mining information on a smart phone or tablet.

Landslide halts rescue efforts at Turkish mine

Cecilia Jamasmie | October 30, 2014
Landslide halts rescue efforts at Turkish mine

Over 500 rescue personnel, two planes, three helicopters, 25 ambulances and 97 other vehicles continue to carry out the search and rescue work.

Teck reports 37% drop in Q3 profit, points to low steelmaking coal prices

Business in Vancouver | October 29, 2014

Teck Resources Ltd. reported adjusted profit of $159 million for the three months ended September 30, 2014

No more mine deaths in Turkey

IndustriALL Global Union | October 29, 2014

Twenty workers have either been rescued or escaped on their own from the flooded coalmine, but hopes are fading for the remaining 18 trapped underground.

Hopes for workers trapped in Turkish coal mine quickly fading

Cecilia Jamasmie | October 29, 2014
Hopes for workers trapped in Turkish coal mine quickly fading

Water levels inside the mine keep rising and rescue crews had made no contact with the trapped workers.

Nova Scotia to use fracking waste at cement plant

Cecilia Jamasmie | October 29, 2014
Nova Scotia to use fracking waste at cement plant

Five million litres of wastewater will be disposed at the Brookfield-based plant following a successful pilot project earlier this spring.

Why Matt Badiali says Hillary Clinton could be remembered as one of the best Presidents ever

The Mining Report | October 29, 2014
hillary_clinton

Cheap oil prices and the economic prosperity they bring can make politicians and investors look smarter than they are.

Gas burn in dual-fuel units declines in favor of coal but not all RTOs revert

SNL Energy | October 28, 2014

U.S. power generating units with co-firing or dual-switching capabilities experienced a decline in total gas burn of nearly 22% in 2013 year over year, but despite rising gas prices some RTOs continued their reliance on gas instead of coal.

Former Anglo’s senior exec. said to have taken $3.5 million from firm

Cecilia Jamasmie | October 28, 2014
Former Anglo’s senior exec. said to have taken $3.5 million from firm

Instead of paying for mine equipment and services, the former project director sent the money to private bank accounts in Barbados and London.

At least 18 Turkish miners trapped in coal mine after collapse

Cecilia Jamasmie | October 28, 2014
At least 23 Turkish miners trapped in coal mine after collapse

Initial media reports said the collapse occurred after water that had built up inside the mine coursed into areas where the workers had been located.

Freeport-McMoRan's profit down 32% amid lower copper, gold prices

Cecilia Jamasmie | October 28, 2014
Freeport-McMoRan's profit down 32% amid lower copper, gold prices

The U.S. largest miner by market value and revenue is also dealing with a strike threat at its Indonesia's Grasberg copper and gold mine, which recently resumed operations.

Down the black hole of coal mining in Poland

Washington Post | October 27, 2014

In his series “What Coal Left Behind,” photojournalist Matthew Busch looked to Europe — Walbrzych, Poland, specifically — to explore the human impact of harvesting fossil fuels, and the people involved either directly or indirectly in the practice.

BHP to sell US shale assets, limit annual capex to $14 billion

Cecilia Jamasmie | October 27, 2014
BHP to sell US shale assets, limit annual capex to $14 billion

The world’s biggest miner unveiled details about how it expects to meet cost-reduction and productivity improvement targets.

HD Mining could make Murray River coal mine decision by 2016

Business in Vancouver | October 26, 2014

A controversial mining project in Tumbler Ridge, BC, would include a massive conveyor belt to transport coal underneath the Murray River, a mining executive told an industry conference.

Airborne Laser Mapping Reveals First World War Trenches in Derbyshire, England

Bluesky | October 24, 2014
B2

High resolution laser scanned height models may have revealed previously unrecorded First World War practice trenches. The LiDAR (Light Detection and Ranging) laser data, captured by aerial mapping company Bluesky, was commissioned by the Coal Authority as part of their research and development programme, which is looking at alternative ways to inspect mine entries in remote and rural areas.

India closer to ending decades-old state monopoly on coal

Cecilia Jamasmie | October 24, 2014
India closer to ending decades-old state monopoly on coal

The country is opening coal mining to private firms.

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Cecilia Jamasmie | October 23, 2014
Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

The move is seen by analysts as an attempt to strengthen the firm’s image.

B.C. Liberal government slashes rate in long-awaited LNG tax

Business in Vancouver | October 22, 2014
B.C. Liberal government slashes rate in long-awaited LNG tax

Recognizing the realities of global energy sector competition and under fire from major LNG proponents prior to being finalized, the BC Liberal government’s tax structure for liquefied natural gas production in the Western Canadian province.

China to scrap tariffs on Australian coal

Cecilia Jamasmie | October 22, 2014
China to scrap tariffs on Australian coal

The controversial duties, imposed earlier this month, will be eliminated once ongoing negotiations on a free trade agreement (FTA) between the two nations is finalized.

Horse breeders win coal mine expansion fight against Anglo American

Cecilia Jamasmie | October 22, 2014
Horse breeders win coal mine expansion fight against Anglo

Planners ruled Anglo’s 100 million-tonne project was a threat to the Hunter Valley's thoroughbred and tourism industries.

BHP shoots the lights out

Frik Els | October 21, 2014
BHP shoots the lights out

Petroleum, met coal, iron ore production set new quarterly records. Fall in copper volumes not enough to dent 9% overall output growth.

Citibank acquires Deutsche commodities trading book

Cecilia Jamasmie | October 21, 2014
Citibank acquires Deutsche commodities trading book

Tough regulations and worries about reputation have made trading commodities a source of worries for bank bosses.

Polish coal miner slashes production forecast amid restructuring

Cecilia Jamasmie | October 20, 2014
Polish coal miner slashes production forecast amid restructuring

Announcement comes as Polish authorities work on a plan to group its loss-making mines into a “bad” or a “good” unit.

Hundreds strike at Glencore’s coal mine in South Africa

Cecilia Jamasmie | October 20, 2014
Hundreds strike at Glencore’s coal mine in South Africa

Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.

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