Coal News

Coal mining, investment and price news

U.S. Senate reveals top banks ‘unfair advantage’ in physical commodities business

Cecilia Jamasmie | November 20, 2014
U.S. Senate reveals top banks ‘unfair advantage’ in physical commodities business

The two-year investigation concluded that Goldman Sachs, Morgan Stanley and JP Morgan have been manipulating commodity prices.

Australia FTA with China: shift from mining to dining

HSBC Bank | November 19, 2014
Australia FTA with China: shift from mining to dining

Deal should help bolster Australia's already strong links to Asia and the ongoing 'rebalancing' of the nation's growth towards the non-mining sectors.

A Russian miner, a good camera, the arctic tundra: here’s the result

Cecilia Jamasmie | November 19, 2014
A Russian miner, a good camera, the arctic tundra: here’s the result

Ivan Kislov is a young Russian mining engineer who spends his breaks taking breath-taking photographs of wild animals, mostly foxes, in the arctic tundra.

Michael Torrance - Norton Rose Fulbright

What you need to know about the Canadian government's corporate social responsibility initiative

corporate social responsibility mining norton rose

Being eligible for “enhanced Government of Canada economic diplomacy.”

Coal rush in India could tip balance on climate change

New York Times | November 18, 2014

Decades of strip mining have left this town in the heart of India’s coal fields a fiery moonscape, with mountains of black slag, sulfurous air and sickened residents.

Adani lines up $1bn for Australia’s Carmichael coal complex

Cecilia Jamasmie | November 18, 2014
Adani lines up $1bn for Australia’s Carmichael coal complex

The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.

Batista's new ventures: dog cloning, impotence pills, breath freshener

Frik Els | November 17, 2014
Batista's new ventures: dog cloning, impotence pills, breath freshener

Disgraced Brazilian tycoon on trial for insider trading has signed development deals with a South Korean pharmaceutical company and a dog cloning scientist.

Glencore shutting Australian coal mines over Christmas

Cecilia Jamasmie | November 14, 2014
Glencore shutting Australian coal mines over Christmas

The move will cut the miner's output by 5 million tonnes — 2.5% of Australia's forecast 2014 thermal coal exports — and force about 8,000 workers to take a leave.

INFOGRAPHIC: a new vision for the mining company of the future

Visual Capitalist | November 13, 2014
Cat Uphill Battle

Mining companies today face a complexity of problems: spiraling costs, government intervention, deepening pits, lower ore grades, lack of community trust, and declining productivity are just some of the issues.

Canadian miners performance down 15% in Q3 on falling metal prices

Cecilia Jamasmie | November 13, 2014
Canadian miners performance down 15% in Q3 on falling metal prices

Decline was in line with S&P/TSX Composite index, which also plummeted 15% during the quarter.

New research finds manufacturing execs concerned with access to U.S. mineral supply

National Mining Association | November 13, 2014

The survey revealed significant concern among business leaders that current mining policy presents a challenge to their supply chain and that reform is necessary.

BHP, Rio Tinto call for global deal to push clean coal

Cecilia Jamasmie | November 13, 2014
BHP, Rio Tinto call for global deal to push clean coal

Their plea comes amid fears a climate change deal reached Wednesday between the U.S. and China could hurt coal miners in Australia.

CHART: Mining capital crisis continues

Frik Els | November 12, 2014
CHART: Mining capital crisis continues

To keep the lights on 30% of juniors need to raise money within six months, 59% within a year new survey shows.

With the ongoing global skills shortage within mining is it time to get the job seeker's perspective?

Worldwide Recruitment Solutions | November 12, 2014
local workers

A global survey of over 5,300 job seekers sheds some light on the issues in the war for talent which the Mining sector continues to face.

What slowdown? Mining equipment market to grow 8.4% a year

Frik Els | November 11, 2014
What slowdown? Mining equipment market to grow 8.4% a year

Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.

Frank Holmes' advice to investors? Chill

The Gold Report | November 11, 2014
Photo of the big mine truck and dredge

Find out about the indicators Holmes watches to read the market's pulse, and why a +/- 35% move for gold doesn't keep him awake at night.

Rinehart's children launch Roy Hill ownership suit

Frik Els | November 11, 2014
Rinehart's children launch Roy Hill ownership suit

In new federal suit, estranged children seeks greater share of Gina Rinehart's most prized assets – Hope Downs and $10 billion Roy Hill iron ore mines.

Weak oil price, currencies helping miners stay afloat

Frik Els | November 11, 2014

A simple rule of thumb is that price changes have a two-to-one impact on the bottom line, while cost changes have a one-to-one impact.

Yanzhou Coal injects $2.8bn into troubled Australian unit

Cecilia Jamasmie | November 10, 2014
Yanzhou Coal injects $2.8bn into troubled Australian unit

In an attempt to keep Yancoal afloat as coal prices trade near multi-year lows.

BHP closer to unveiling details of upcoming spin-off

Cecilia Jamasmie | November 9, 2014
BHP closer to unveiling details of upcoming spin-off

The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.

Top-producing Northern Appalachia coal mines in Q3'14

SNL Energy | November 8, 2014

Twelve mines in Northern Appalachia cranked out more than 1 million tons of coal each in the third quarter, helping boost production from the region.

SEC probes Joy Global over acquisition of Chinese firm

Cecilia Jamasmie | November 7, 2014
SEC probing Joy Global over acquisition of Chinese firm

The SEC is looking into Joy's acquisition of International Mining Machinery Holdings Ltd of China for about $1 billion and related accounting matters.

Cecilia Jamasmie

Mongolia-based miners in limbo after premier ousted

Cecilia Jamasmie | November 7, 2014
Mongolia-based miners in limbo after premier ousted

What happens next is critical say mining companies currently operating in the country.

New Zealand's Pike River coal mine to remain closed

Cecilia Jamasmie | November 6, 2014
New Zealand's Pike River coal mine to remain close

It will be turned into a memorial to the 29 men who died there in 2010.

Top-producing Powder River Basin coal mines in Q3'14

SNL Energy | November 5, 2014

Production from the largest active Powder River Basin coal mines totaled 106.88 million tons in the third quarte.

More job cuts at BHP’s Mt Arthur coal mine

Cecilia Jamasmie | November 4, 2014
More job cuts at BHP’s Mt Arthur coal mine

The firm is laying-off 150 workers by the end of February 2015.

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