It is an open secret that the global electric power industry of which the coal industry forms a part is experiencing a system-wide reduction in both volumes and prices of energy resources.
Coal Mining News
Gold's nearly $100 jump early on and copper's 4.5% meltdown split mining investors' Brexit fortunes.
Beijing's already cut coal miners working hours by 16% and plans to eliminate 500 million tonnes of coal capacity within just 3–5 years.
"The shift schedules are demanding. The work is repetitive. There are issues trying to keep people engaged in the work that they are doing."
Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.
Rumours follow Rio's decision to group its least loved units — coal, uranium salt, borates and its Iron Ore Co. of Canada — under a new umbrella branded as the “energy and minerals” business.
Andrew Harding, once tipped as the most likely person to take the company’s reins, is being replaced by Chris Salisbury, currently leading the copper and coal division.
Despite only taking several minutes online, and costing less than the morning newspaper and cup of coffee, many Australian businesses are failing to protect their legal rights of ownership.
A cash-and-stock deal is said to be the favourite option at this point, though the parties are also discussing other alternatives.
New report shows China extracted nearly one fifth of its gold reserves last year – the global gold production to reserve ratio is only 3.8%.
The company's Bayan Khundii project went from greenfield prospect to the company’s flagship asset in roughly nine months.
A lithium miner joins top ranks of listed mining firms for the first time as the price of the battery ingredient skyrockets.
Up to 1 billion tonne annual supply gap in seaborne coal by 2030 if no new mines are built according to climate change report by Swiss mining, trading giant.
Gold is up more than 20% in 2016 but gold mining equities have doubled and the sector as a whole has returned 53%.
First time a country partners with privates to boost the development of the industry.
Large mining companies are selling off some of their prized assets after the prolonged global commodities markets rout left some with high levels of debt.
Above-normal temperatures during the winter of 2015–16 were a key reason for the large decrease in coal production during the first three months of 2016.
Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. said to be among potential bidders.
Canada slipped in the Fraser Institute’s global ranking, while Chile remains the most attractive jurisdiction in Latin America.
For private capital mining and metals is the riskiest natural resources sector – but only energy beats the returns.
World Bank revises down growth rate for commodity exporting countries to just 0.4%, predicts 15% decline in metal prices this year.
Capital spending by the world's largest miners since 2010 amounted to $632 billion – 32% of which has now been written off says new report.
An internal report by Ottawa's ambassador to Beijing details a raft of complaints from the China Mining Council about the unwanted surprises some mining companies encountered in Canada.
An official endorsement of such mission would pave the way for several other for-profit space ventures currently in the works.
Most analysts believe the commodities market has turned a corner and that prices are unlikely to return to lows seen in the past year.