Coal Mining News

Glencore posts worst half-yearly profit since listing in London

Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.

Brexit may hamper Britain’s plans to abandon coal

Expert says coal-fired generation may remain a key part of Britain's energy supply for longer than planned.

Erdene provides update on gold projects in Mongolia

Erdene Resource Development Corp. is pleased to provide an update on its 100%-owned Bayan Khundii Gold Project and Altan Nar Gold-Polymetallic Project. In advance of the resumption of drilling in September 2016, the Company has been carrying out extensive technical studies on the styles and controls of gold mineralization at both Bayan Khundii and Altan Nar, as well as various studies and projects related to the anticipated development of the district.

Here's what Canada needs to regain leadership in mineral exploration and mining

Mineral and mining industry highlights top priorities at Energy and Mines Ministers’ Conference.

Growth in Chinese thermal coal imports won't last

Surprise spike in imports this year is not a trend says new report.

Adani $12 billion Carmichael coal project clears latest hurdle

A federal court dismissed challenge from a traditional owner to mining permits for the mine.

SA's mining leadership needs to grasp opportunities missed in the last commodity boom – SRK

Signs of resurgence in platinum, a stronger gold price and growing coal exports to India should be triggers for South Africa’s mining leadership to grasp the opportunities that it missed in the last commodity boom, according to consulting engineers and scientists SRK Consulting (South Africa).

India to tap into Russia’s undeveloped coal, iron ore deposits

Cooperation agreements between the nations would guarantee India fresh supply of Russian coal, liquefied natural gas (LNG), diamonds and fertilizers.

CHART: China must import more ore

China's domestic iron ore, copper, nickel, zinc, lead and bauxite mining output is slowing dramatically.

Four China charts to turn you into a mining bull

And one that's ultra-bearish.

World’s No. 1 miner BHP Billiton posts $6.4bn annual loss — its worst-ever

Not even counting the $7.7 billion in write-downs and charges, BHP’s underlying profit dropped by a painful 81% to $1.2 billion for the year to June.

Colombia’s largest mine turns to Australian tech to reduce environmental impacts

The Cerrejón mine is one of the world’s largest open cut coal operations.

Anglo's top shareholder could reduce it to diamond-only miner

South Africa's state pension fund is pushing Anglo to spin off all its assets in the country, including the miner's coveted platinum mines.

Draft bill says list in Harare if you want to mine in Zimbabwe

None of the foreign-owned platinum miners operating in the world's number three producer of the precious metal is listed on the Zimbabwe Stock Exchange.

US solar industry hailed as ‘light at end of tunnel’ for jobless coal miners

Study argues it would be cheap and simple to retrain coal workers for solar jobs.

CHARTS: Maybe India can ignite new commodity supercycle

Rapid, large-scale urbanization will see India's top three cities rival the combined economies of Vietnam, Philippines and Malaysia.

INFOGRAPHIC: All US energy consumption in one giant diagram

This particular one shows the total estimated energy consumption in the United States in 2015, and how energy flowed from source to the final destination.

Asteroid miner Deep Space to launch first commercial mission by 2020

The mission's goal is to map a target asteroid, looking for deposits of water and other resources with visible and infrared cameras.

Here is why these mining and metals companies left the TSX

Experts blame increased number of mergers and acquisitions, but there’s more to it, study shows.

NWF Welcomes Feds' Landmark Guidance on Coal-Mine Bonding

The Interior Department's Office of Surface Mining Reclamation and Enforcement has taken the significant step of recommending that states stop allowing coal companies to "self-bond," essentially pledge they have the money to clean up sites and restore the land without having to provide collateral to cover the costs.

Lenders throw a lifeline to bankrupt Peabody Energy

The coal giant also said it would review its assets in Australia to run a smaller but "more profitable" basis.

China’s war on coal keeps fuelling prices recovery — up 30% since April

Beijing’s decision to ease production has sent coal prices soaring this summer.

Bankrupt Peabody Energy seeks approval to pay $12M in bonuses

Coal miner Peabody Energy Corp, which filed for Chapter 11 bankruptcy protection in April,asked a bankruptcy court on Wednesday to let it pay up to US$11.9 million in incentives to its executive leadership team should the group meet certain performance targets.

Rio Tinto sells Mount Pleasant coal

Takes Rio’s divestment tally to $4.7 billion over the last three years

Gold price rally sparks $50 billion of commodity investments

New report shows commodity assets under management jumping to $235 billion, the best performance since 2009, largely due to physical gold ETF inflows.