Coal Mining News

Caterpillar further cuts profit, sales forecast

CAT said commodity prices remain on the low end and had yet to translate into increased mining activity or higher demand for equipment.

Anglo reshuffles Kumba Iron Ore management ahead of sale

The company however is still debating whether to sell or spin off its majority stake in Kumba Iron Ore Ltd, Africa's top producer of the commodity.

China snaps up $4.5bn worth of overseas mining assets in just six months

Most of them have been after existing operations and companies, rather than trying to build mines from scratch.

Vale iron ore output falls in second quarter but still beats estimates

It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.

Heavy snowfall in Chile forces Anglo to cut annual copper target

Shares plunged after miner revealed that output fell almost across the board in the April – June period.

BHP's copper output to bounce back

World's top miner expects to produce 1.7 million tonnes in 2017 as output at giant Escondida mine jumps 9%.

Canadians spent over $32bn in mining acquisitions in first half of 2016

Overall, Canadian deal-making in the first half of the year fell in line with the global cooling down trend that has followed the record valuations of 2015.

Mick Davis to overhaul X2 Resources as fund fails to close any mining deal

Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.

Full of holes: why Australia's mining boom will leave permanent scars

Australia is teetering on the edge of a massive hole – one left by huge mines that may soon close.

Indian coal push hurting Indonesian exports

India's status as a major coal importer is starting to wane, and that is having a negative effect on a major supplier: Indonesia.

Queensland mining industry backs action to fix coal worker health screening

Queensland has released a final report into the re-emergence of coal worker pneumoconiosis, which confirms that a health screening system thought to protect underground coal workers has failed.

Coal India, Gov't unfairly snapped up lands for mine expansions — Amnesty

Coal India, which produces more than 80% of the country’s coal, plans to increase annual output to about 1 billion tonnes in the next four years.

Montana to close two coal units serving Pacific Northwest customers

The road to a coal-less future was strewn with two more casualties Tuesday, after a large Montana coal plant agreed to shut down two of its units.

Here is how EPA can make firms, not taxpayers, pay for mine clean up — report

Report issued as EPA writes court-ordered rules to protect public from financial liabilities like Colorado’s Gold King disaster

Glencore to sell Australian coal train fleet within 3 months

It expects to fetch between $755 million to $1.1 billion for the nine trains, which carry coal from mines in NSW to port operations on Australia's eastern seaboard.

Thermal coal price hits 10-month high as Chinese buyers snap up cargoes

A crackdown by the Chinese government on surplus thermal coal has had a knock-on effect on the price.

Gold price rally helps producers climb world’s top 25 mining companies list

Study shows there are more bullion miners among higher market capital ranking of mining companies in second quarter of 2016 than a year a go.

Sibanye may close loss-making Cooke 4 mine, puts 2,500 jobs on the line

The company said financial losses at the mine threaten the viability of the rest of the Cooke operations, which include four mines and three processing plants.

Deutsche Bank ditches coal investments

The German banking giant is the last lender to pull back from the embattled coal sector.

Alpha Natural Resources, Arch Coal near bankruptcy exit deals

Alpha, which filed for bankruptcy in August last year, is scheduled to ask a federal judge Thursday to approve its exit plan despite objections to it.

Chinese fund eyes Glencore gold mine in Kazakhstan

China’s state-backed Silk Road Fund is said to be considering a joint $2 billion bid with China National Gold Group for the Vasilkovskoye mine.

INFOGRAPHIC: Silver skyrockets post-Brexit, energy is back!

Energy had an impressive comeback in Q2, with natural gas and oil being the best performing commodities of the quarter.

Rio Tinto sells its Blair Athol coal mine for less than a bus ticket

The Blair Athol mine, closed in 2012, would be the second Australian coal asset in a year to be sold for just A$1.

Global mining equipment market to reach $156 billion by 2022 — report

Product launch and acquisition are the key growth strategies adopted by the leading market players, such as Caterpillar and Komatsu, to strengthen their foothold in the market.

Sweden sells its German coal mines

The Swedish government has endorsed a plan by a state-owned enterprise to sell its four German coal mines and assets to Czech investors.