Coal Mining News

Rick Rule – A train wreck is coming in energy

Rick Rule, one of the foremost experts in the Natural Resource Space, convey the dangers and opportunities in oil, gas, and uranium.

This chart shows actual China GDP growth highest since 2014

Few trust official Chinese growth numbers, but new research shows activity across a wide section of the economy accelerated sharply in the first quarter.

Anglo American to sell Brazilian units to China Molybdenum for $1.5 billion

The niobium and phosphates division, which consists of mines, plants, processing facilities, chemical complexes and deposits, was one of Anglo’s more profitable businesses.

Stanford University decision to keep fossil fuels holdings triggers uproar

The board of trustees said they didn't believe in divesting from the fossil fuel industry until there are competitive and readily available alternatives.

Adani’s $12bn Carmichael project hit with yet another lawsuit

A green group asked the Supreme Court in Queensland to review the environmental approval of the controversial coal mine and rail project.

Nova Scotia's proposed overhaul of mining rules met with criticism, demands

While the province says the proposed ruling will cut red tape, environmental groups claim it doesn't do enough to prevent mining on privately protected lands.

Teck Resources posts better-than-expected profit as costs drop

Canada’s largest diversified miner logged a 38% increased in overall profit for the first quarter of the year.

Czech coal miner NWR on the verge of collapse as rescue talks freeze

NWR warned that unless the government and creditors agree on the firm's restructuring by Friday, it would have to consider filing for insolvency of OKD.

CAT chairman pours cold water on mining rally

"It is not clear at this time that the current prices are either sustainable or sufficient".

X2 said to miss out on Anglo's Brazilian mines

Mick Davis's private equity firm not on shortlist featuring Vale, Mosaic and Eurochem for $1.5 billion phosphate and niobium operations in South America.

Broken tax pledge irks Nova Scotia mining industry

The Atlantic Canada province now has two strikes against it in the eyes of Nova Scotia’s mining companies.

Anglo shareholders revolt against Cutifani’s $4.9 million pay

Full voting results will be released on Friday.

Services sector saves jobless miners in Australia

While Queensland's miners axed 22,000 positions between 2013 and 2015, health and community services created new jobs for almost double that number.

Iron ore price leaps to 10-month high

Iron ore up 12% for the week to $64 a tonne – coking coal rallies to one-year high.

Sibanye to invest $250 million in its gold mines, keeps shopping for new assets

Sibanye is not exclusively looking at buying gold assets; it is also considering platinum, coal, uranium and base metals mines.

Delays in rollout of autonomous technology forces Rio Tinto to cut iron ore guidance

The world's No. 2 iron ore miner has cut its production guidance for 2017 by as much as 20 million tonnes.

Fortune Minerals announces appointment of former Minister David Ramsay to the Board of Directors

Rebuilding team for NICO development as public highway to Whati & cobalt market advance

Chinese coal miners to work less hours this year in bid to reduce supply glut

Official production capacity will be adjusted to fit the new 276 working day limit, which means that mines will be held to even stricter production caps.

Talking acquisitions and industry trends with Joy Global's product manager

Doug Eamer, Manager of Commercial and Product Management, talks about the firm's expanded hard rock line.

Peabody Energy files for bankruptcy-because coal is a zombie industry

We’re witnessing something that we rarely see in America: the sudden and sharp collapse of a functioning industry.

Slow growth, production cuts, divestment expected for Europe mining sector

Analysts outline five key themes resources companies in Europe will have to deal with in the next few months.

Adani $12 billion Carmichael coal project faces fresh legal challenge

Australia’s indigenous people Wangan and Jagalingou, traditional owners of the land proposed to host the project are challenging it in court.

Europe’s last coal mines struggle for lifelines

Europe’s last remaining coal producers, in the Czech Republic, Romania and Poland, are grasping for government support to keep from going under and taking thousands of jobs with them.

Afghan mineral wealth being looted by strongmen, experts say

Afghanistan has reserves of coal, copper, iron ore, zinc, mercury, rare earths, gems such as rubies and emeralds, gold and silver worth about $3 trillion.

Glencore’s Optimum coal now in hands of S. African’s President family

Tegeta Exploration & Resources Ltd., controlled by the Gupta family and South African President Jacob Zuma’s son, is the new owner of optimum coal.