Coal News

Coal mining, investment and price news

Mining may cause extinction of most Colombian indigenous peoples: UN

Cecilia Jamasmie | April 22, 2014
Mining may cause extinction of most Colombian indigenous peoples: UN

The UN warns there are 40 indigenous groups are at risk of disappearing in the country.

Teck to axe 600 jobs, postpones Quintette coal mine restart

Cecilia Jamasmie | April 22, 2014
Teck to axe 600 jobs, postpones resuming Quintette coal mine

Weak commodity prices hurt Teck's three core business units —coal, copper and zinc— but coal was particularly hard hit due to increased supply from Australia, the company said.

Largest coal mines still in Wyoming, but US is diversifying

SNL Financial | April 21, 2014
Largest coal mines still in Wyoming, but US is diversifying

The Powder River Basin was the home of the top nine producing mines in the U.S. during 2013, but the number of PRB mines in the top 25 declined compared to 20 years ago, according to SNL Energy data.

Canada to lose 695 coal mining jobs in same province bringing Chinese workers

Cecilia Jamasmie | April 21, 2014
Canada to lose 695 coal mining jobs in same province bringing Chinese workers

While Walter Energy shuts down two coal mines, leaving hundreds unemployed, HD Mining International plans to bring up to 480 Chinese workers to British Columbia.

Barclays is the next big bank pulling out of commodities: report

Cecilia Jamasmie | April 20, 2014
Barclays is the next big bank pulling out of commodities: report

The English bank is planning to sell large parts of its metals, agricultural and energy business.

China coal mine death toll rises to 21

Cecilia Jamasmie | April 20, 2014
China coal mine death toll rises to 21

Last year alone 1,049 people were killed or went missing in mining-related accidents in the nation, the world’s largest consumer of coal.

SNL Energy: Cold January boosted capacity factor of retiring coal plants above 50%

SNL Financial | April 20, 2014

This extremely cold winter prompted an increased reliance on units slated to retire by the end of 2015.

Cecilia Jamasmie

Rio Tinto iron ore output hit by bad weather in Australia, Canada

Cecilia Jamasmie | April 16, 2014
Rio Tinto iron ore output hit by bad weather in Australia, Canada

Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.

Two workers killed in wall collapse at Australian coal mine

Cecilia Jamasmie | April 16, 2014
Two workers trapped after collapse at Australian coal mine

The employees died following the incident at the Austar coal mine in the Hunter Valley region of New South Wales state.

BHP at full throttle

Frik Els | April 15, 2014
BHP at full throttle

Operational update shows record production achieved for four commodities and at 10 operations.

Gundlach on Chinese economic growth: 'How about a minus 7?'

Frik Els | April 13, 2014
Gundlach on Chinese economic growth: 'How about a minus 7?'

Founder and chief investment officer of $49 billion DoubleLine Capital may be a huge China bear, but he likes gold.

BHP can't do for coking coal prices what it did for iron ore

Frik Els | April 13, 2014
BHP can't do for coking coal prices what it did for iron ore

BHP is losing big money on its push for a coking coal spot market.

Brazil Batista engaged in insider trading: report

Cecilia Jamasmie | April 11, 2014
Brazil Batista engaged in insider trading: report

The country's securities regulator, known as CVM, has found Batista waited 10 months to disclose that four oil fields were not commercially viable.

US coal demand slipping, but some basins faring better than others

SNL Financial | April 11, 2014
US coal demand slipping, but some basins faring better than others

Coal remains the largest source of fuel for electric generation in the United States. However, demand is shrinking.

Bolivia to revise new mining law

Cecilia Jamasmie | April 11, 2014
Bolivia to revise new mining law

Bolivian President Evo Morales and leaders of the National Federation of Mining Cooperatives have formed a commission to quickly redraft at least three controversial articles of the recently-approved ruling.

Former JPMorgan commodities chief under federal probe

Cecilia Jamasmie | April 11, 2014
Former JPMorgan commodities chief under federal probe

The probe was opened following a settlement with regulators that alleged JPMorgan manipulated power markets in the Midwest and California.

Green Germany returning to brown coal, villages in limbo

Cecilia Jamasmie | April 11, 2014
Green Germany returning to brown coal, villages in limbo

The nation is sweeping away entire towns of its map because they are sitting on vast coal deposits.

Canada invites Coal India to explore mining opportunities

The Hindu | April 10, 2014

Canada invited this week Coal India ltd., the world’s largest coal miner to explore mining opportunities in the country.

Maritime piracy shifts to Atlantic, Southeast Asia

Frik Els | April 10, 2014
Maritime piracy shifts to Atlantic, Southeast Asia

Of the 70 pirate attacks so far this year, 53 have been in the waters off Southeast Asia and West Africa and some 50 crew remain in captivity.

SNL Energy: James River Coal's recovery from bankruptcy could be hindered by contracts

SNL Financial | April 10, 2014
coal- loading2

Rocked by weakening thermal coal demand and a depressed metallurgical coal market, James River Coal Co. filed for bankruptcy reorganization April 7.

Russia invaded Crimea and these US Energy companies made a killing

The Energy Report | April 10, 2014
Ukraine

Don't put all your investments in one stock, warns S&A Resource Report Editor Matt Badiali.

BHP wants to build world’s largest underground coal mine

Cecilia Jamasmie | April 8, 2014
BHP wants to build world’s largest underground coal mine

But it is planning to do so at the fertile Liverpool Plains, an extensive agricultural area, which is predictably raising opposition from locals.

BHP's Illawarra Coal cuts 36 jobs

Cecilia Jamasmie | April 8, 2014
More job cuts at BHP's coal operations in Australia

About 36 contractor and head office positions on the line.

US gas revolution claims first coal mining victim: James River files for bankruptcy

Cecilia Jamasmie | April 8, 2014
US gas revolution claims first coal mining victim: James River files for bankruptcy

The coal firm was hard hit a steep drop in prices and demand for both thermal and steel-making coal.

PICTURE OF THE DAY: Mining coal that is on fire

Michael Allan McCrae | April 7, 2014
mining mayhem coal on fire

Mining Mayhem posted photos of Blair Athol, a coal mine located in Queensland, that is combusting while it gets excavated. Photos are not dated. In October Rio Tinto announced plans to sell the mine. Post by Mining Mayhem. Post by …

'All investment comes through Toronto': Colombia mining minister

Cecilia Jamasmie | April 7, 2014
Amylkar Acosta Colombia mining minister

Colombia outpaces investment in all of Latin America.

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