Coal Mining News

Anglo American 'shows off' — doubles profits, halves debt, pays highest divvy in a decade

Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.

Canada the world's overall top mining destination, despite Saskatchewan fall

That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.

Cash-rich global miners eye India as coal sector opens up for private firms

India’s decision to allow private and foreign companies to bid for coal mines without any end-use or price restrictions is likely to lure foreign mining giants, currently swimming in cash.

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Glencore gives investors $2.9bn in dividends after ‘strongest’ results ever

The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.

BHP CEO will meet with activist Elliott to discuss demands

BHP’s first-half results missed analysts’ expectations and the shares fell 4.6 percent, on pace for the biggest daily drop since April.

Mongolia says can build power plant to supply Oyu Tolgoi mine

Tensions have mounted between the Mongolian government and its fellow shareholders in Oyu Tolgoi, where Rio Tinto is operating a huge underground extension.

BHP rebuffs Elliott as first-half profit hits three-year high

The New-York based fund argues an overhaul could add more than $22 billion in value for shareholders and wants BHP to conduct an independent study.

Colombia coal output down slightly in 2017 to 89.4 million tonnes

The biggest players in Colombia's coal industry are Drummond Co, Glencore Plc, Murray Energy Corp's Colombia Natural Resources, and Cerrejon.

Mining M&A jumps to 4-year high – expect more in 2018

New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."

Moody's bullish on base metals, US steel

Base metals should continue to do well in 2018 along with the US steel industry, though American coal will continue to lose ground to natural gas. 

This coal miner shows limits of Trump's bid to rescue industry

To understand the big challenge facing U.S. coal miners, look no further than Cloud Peak Energy Inc.

Mining sector unloved as investors find it hard to trust

Data shows that two years after the worst of the raw materials slump is over, investors are still not ready to pour in fresh funds despite a price rally.

Copper, iron ore price jump sparks rally in mining stocks

Top listed copper producer Freeport jumped 7.4% and with Vale – up 6% – was among the NYSE's top 10 most actively traded stocks.

Mugabe's fall has veteran miners jockeying for Zimbabwe comeback

Mine development stalled under Mugabe, whose policies led to a collapse in the economy and hyperinflation.

Global thermal coal market to grow 5% in 2018

The chief coal analyst at Noble Resources said on Tuesday that imports to India will rise after falling in the last two years.

Colombia bomb halts Cerrejon coal train; output, exports unaffected

The attack occurred late on Monday in northern La Guajira province where the open-pit coal mine is located.

BHP takes $1.8 billion hit from US tax reform

Charge is due to due to cuts in the US Federal corporate income tax rate, the world’s biggest mining company said.

Another death at one of Sibanye-Stillwater gold mines

A worker died on Monday night while clearing a blocked ore pass at the company’s Driefontein gold operation in South Africa.

China will crack down on illegal coal mining in 2018: safety watchdog

Coal mines that fail to meet safety measures or operational standards will be ordered to close and rectify violations, the State Administration of Work Safety said.

Winner of Carnegie Mineralogical Award–W. Lesley Presmyk

The Carnegie Mineralogical Award honors outstanding contributions in mineralogical preservation, conservation and education.

Adani's giant Australian coal mine takes hit as rail plan axed

A funding proposal for a rail line that could carry its coal to the coast for export has been canned.

Colombia's Cerrejon, union reach last-minute deal to avoid strike

The largest union at Cerrejon has reached an 11th-hour salary and benefits deal with the company, avoiding a strike, the union said on Thursday.

Coal buyers spooked by Indonesia's new shipping rules

Indonesian coal buyers holding back orders of fuel after government issued new shipping rules for coal and crude palm oil that restricts exports to vessels.

China wealth fund said to join fray for $2bn Rio Tinto portfolio

The country's sovereign wealth fund is considering joining the bidding for Rio Tinto's last remaining coal mines.