Coal Mining News

Government throws lifeline to B.C. mines

The B.C. government is throwing the mining industry an emergency lifeline in the form of deferred electricity bill payments that could be worth more than $300 million.

Mining among unhappiest industries to work in — study

Experts looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.

US scientists figure cost-effective way to extract rare earths from coal

The new mineral processing technique also makes the extraction environmentally friendly.

China 'war on coal' to drive labour unrest — report

The country's renewable energy industry will benefit, as it is set to step in as a substitute for coal in the coming years.

India mulls key investment to set iron ore plants in Iran

According to official figures, Iran has now more than $10 billion of investment pledges under its belt.

PDAC recommends measures to support Canadian mineral exploration in pre-budget submission

The Prospectors & Developers Association of Canada is asking the government to increase the Mineral Exploration Tax Credit (METC) to 30% for a period of three years.

Luxembourg joins race to conquer space mining

The move comes only three months after U.S. President Barack Obama signed a space exploitation law.

South Africa’s opposition claims Glencore ‘forced’ to sell coal mine

The country's biggest opposition party said the mines minister and state power utility made Glencore sell its Optimum coal operation.

Anglo American risks eviction from FTSE 100

FTSE 100 reweighting to take place in March.

Canadian prospectors holding on to long-term resources demand forecast

However, they acknowledge that there are no signposts yet in the market that suggest mineral prices will rebound soon.

Sibanye Gold shopping for new mines, possibly including base metals

The gold miner is expanding its portfolio to platinum, coal and uranium, as it also mulls an incursion in the base metals sector.

Anglo American may fully exit Brazil — report

The company is said to be wanting to offload its Barro Alto nickel mine and the vast Minas-Rio iron ore complex.

U.S. coal for electricity plummets to 45-year low

The main culprit? Cheap natural gas.

Chinese miners rescued after 36 days trapped underground

Rescuers drilled two big holes into the tunnel to save the trapped miners, who were brought to the ground in a capsule.

Caterpillar sees no signs of mining improvement

Quoting levels "very low" and machines already sold are not being put into service by mining companies.

Anglo American shares rally on iron ore output hike, cost-cutting measures

The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.

Anglo American and Lonmin heap pain on South African mining with 9,000 job cuts

Embattled miners have cut jobs in the face of plunging commodity prices, putting pressure on the South African government

Australia, Germany, Japan at high environmental risk due to reliance on coal — report

The global coal industry is being squeezed by competition from cheap gas, declining demand and clean-air regulations that have raised costs for burning the fossil fuel.

Current mining downturn not a ‘normal’ one — Moody’s

The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.

Coal dropped from Vietnam’s future energy plans

Prime Minister's decision wipes out plans to construct 70 large new coal power plants, in favour of gas, and renewables, such as wind and solar.

Vale reopens iron port for at least 60 days

The company has now at least 60 days to come up with a plan to address and fix pollution problems tied to its operations Tubarão, one of Vale's most important ports.

Iran goes beyond oil — to sign $5.4bn in mining deals with Italy, France

Iran is opening $29 billion of projects to foreign investors now that sanctions have been lifted.

North America's 10 highest mines

North America's highest mines are all concentrated in just four states

China shutting another 4,300 coal mines

Beijing will invest $4.6 billion over the next three years to close small and inefficient coal mines across the country.

INFOGRAPHIC: The periodic table of commodity returns

This year’s version has an interactive design that allows users to sort returns by various categories including returns, volatility, and other groupings.