Coal Mining News

Teck Resources logs $536M loss in Q4 on depressed commodities, asset charge

The loss includes a Cdn$598 million impairment charge on its Fort Hills oil sands project in Alberta.

Congo gives up plans to change mining code

The move could have driven away investors at a time of historically low commodity prices and energy shortages that are driving down output in the country.

Government throws lifeline to BC 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.

US mining and exploration investment declined 35 pct in 2015

The figure is the second largest year-over-year decline since the U.S. Bureau of Economic Analysis (BEA) began reporting the series in 1948.

Colombia bans mining in country’s vast moorlands

Mining in the area of the Andes mountains right above the continuous tree line had been prohibited since 2011, but concessions granted before such ban had continued to date.

Bankrupt Alpha Natural Resources lays off over 230 coal miners

This is the third time in a month the U.S. coal miner downsizes its workforce.

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.