Coal Mining News

Fresh shake-up at Rio Tinto in aftermath of bribery probe

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.

Coking coal price savaged – biggest drop in 17 months

Just as quarterly benchmark negotiations between miners and Japanese steel mills kick off, the coking coal price comes off the boil.

Anglo American about to make key decision on South African assets sale

While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.

Protectionist Trump policies to crash dollar, gold and bitcoin to soar

Many people seem to think Trump is going to "fix" the US by invoking the isolationist, nationalist, and oft failed economic policy of protectionism.

Huge jump in Chinese iron ore, coal imports

At 92 million tonnes November iron ore imports were the third highest on record, while China's coal imports doubled during the month from a year ago.

Iron ore price surges to 27-month high

"Iron ore is weird because the inventories are very high in China and it's got to be pure spec flows."

Capital allocation: Canadian miners' top priority for 2017

With fluctuating commodity prices, the top priorities for Canadian miners next year will be capital allocation, strategic deal making and employing new technology and innovations, a report shows.

Trump's impact on metals and mining in one chart

Interactive: Donald Trump's victory has created winners and (huge) losers for the mining industry.

US celebrates National Miners Day

On Tuesday, December 6, 2016, the nation will pay tribute to the American miner, both past and present, on National Miners Day.

Big mining's age of austerity far from over

But asset sales will slow says new report.

Can North Korea save the coking coal price rally?

Met coal's stunning run is reversing as consensus forecasts point to $125 drop by year-end, but new UN sanctions could cost China its number two supplier.

Glencore becomes sole owner of Newlands, Collinsville coal mines in Australia

After buying ought out its two Japanese partners, Itochu Corp and Sumitomo Corp.

World’s longest traffic jam points to Mongolia recovery

Over 60 kilometers, they line up: truck after truck, after truck. Nearly every one of them is laden with coal.

Giant Australian coal mine near Reef one step closer

Indian conglomerate's $16 billion Carmichael coal mine in Queensland clears "final major State and Federal Government approval".

Explosion in Chinese coal mine leaves 32 dead 

Thirty-two miners were killed in a gas explosion that ripped through a coal mine in Chifeng, Inner Mongolia on Saturday.

EPA’s proposed financial responsibility rule for miners a ‘job killer’ — industry

Norm aims at ensuring that hard-rock mining companies can pay the costs of cleaning up their mines, says EPA.

CHARTS: Death of the coking coal contract

Coking coal prices retreated on Friday, but only slightly, holding above $300 a tonne after two months of insane gains.

Glencore to resume dividend in 2017 as debt reduction on track

Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.

Study: Private capital investment in US coal is over

At over $43 billion, 2016 is set to be a record year for raising capital to invest in North America's energy sector, but not a single fund is targeting coal.

Scandinavian Biopower to invest in a biocoal plant in Mikkeli Finland – construction works to start late 2017

Scandinavian Biopower Oy, a 100% subsidiary of Dutch private equity investment company Momentum Capital, has made an investment decision to commission a biocoal plant in Mikkeli, Finland.

Mining accidents in China to spike as country digs more coal

In the last week alone, seven miners have been killed and 22 others remain trapped, following two accidents in local coal operations.

SEC said to be probing Rio Mozambique coal deal

World number two miner acquired Southern African coal assets for $3.7 billion in 2011 – sold it for $50 million three years later.

Trump infrastructure bump forecast for global economy

New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.

Alpha Natural execs. face fraud charges for failing to disclose $100M in liabilities

Regulators argue the undisclosed liabilities increase the probability that the state will be left with claims under the surface-mining and other environmental laws.

CHART: Mining capex decline set to continue

Global miners have been cutting spending on new projects and expansions since 2012.