Wood Mackenzie predicts that, in the short term, demand for coal will fall due to its higher prices. In the longer term, the new tariffs will slow Turkish economic growth and with that, further weaken the demand for coal.
Coal Mining News
Recently, administration officials have selectively targeted natural gas and renewable energy generation resources, falsely claiming they pose greater risks.
The US Bureau of Land Management has announced plans to allow increased mining on land that once belonged to two national monuments Donald Trump shrank.
Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2019 at $110 a tonne.
Canada is one of the world’s largest exporters of minerals and metals, supplying approximately 60 different mineral commodities to over 100 countries.
A mine explosion in Pakistan's southwestern city of Quetta killed at least seven coal miners, a mining official said on Monday, with authorities expecting the death toll could rise.
Mining companies around the globe are joining an industrywide push for gender equality and launching initiatives to increase the proportion of women working in mine pits, smelters and refineries.
Rebar open interest falls to lowest in 4 months.
The market research firm states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong.
Imports of jewelry, precious metals and stone products would be under the microscope.
Shandong's Environmental Protection Bureau said it would cut pig iron production capacity by 600,000 tonnes and crude steel by 3.55 million tonnes by the end of this year.
Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.
Despite President Donald Trump’s repeated assertions of its bright future, coal mining is a dying industry and the secret to a long life in this twilight era is accepting mortality.
BHP Billiton last week agreed to sell its U.S. shale oil and gas assets for $10.5 billion, while Rio Tinto appears on track to exit its troubled investment in the giant Grasberg copper and gold mine in Indonesia for about $3.5 billion.
Any revisions would need to be discussed with the coal and power industry beforehand, and any impacts on state revenue would need to be calculated.
He has been given more time to make a firm offer or walk away from a deal to buy out minority shareholders in Vedanta Resources for 778 million pounds ($1 billion).
Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.
The government lifted a moratorium for prospecting permits on 7,828 square kilometres on the northern part of the South Island.
The gem was sold on tender for $11,267 per carat.
BHP Billiton Ltd.’s $10.8 billion of deals to exit its troubled U.S. shale unit will allow Chief Executive Officer Andrew Mackenzie to shower investors with returns. It may also be a chance for him to bow out on top.
Adani is looking to buy mines in countries such as Indonesia and is securing financing for its Carmichael mine in Australia amid challenges from environmental groups concerned about climate change and potential damage to the Great Barrier Reef.
Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.
"Not a typical financing vehicle for non-revenue generating exploration companies."
Australian miner South32 Ltd beat its coking coal output guidance for fiscal 2018.
From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.