Coal Mining News

Rio Tinto is buying another $2.5 billion of its own shares

Brings the total to $4 billion for the year.

Indian billionaire Agarwal to be Anglo American’s top shareholder

He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.

BHP Billiton Foundation launches two new transparency projects

BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.

BHP’s shareholders to vote whether firm should leave Australia’s top mining lobby group

Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.

Rio Tinto's chief financial officer Chris Lynch to retire in 2018

He joined the company's board in September 2011 and was appointed chief financial officer in April 2013.

The $10 trillion mineral resources North Korea can't tap

North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.

South Africa's NUMSA union demands 15 percent wage hike in coal sector

The National Union of Metalworkers of South Africa (NUMSA) has demanded Glencore raise coal mining wages by 15 percent.

Canada’s Donkin coal mine begins processing ore on site

Current coal production is being stockpiled on site, and trucked and stored up at the Provincial Energy Ventures port in Sydney, Cape Breton, for export.

Underground Operators Conference 2017 to Celebrate its 40th Year

From October 16–18 the Gold Coast will host the AusIMM Underground Operators’ Conference 2017 (UGOPS2017). The inaugural conference was held in Broken Hill, 17–18  October 1977.   The conference dinner taking place at Jupiters on 17 […]

EU states at odds over steel tariffs against Russia, Brazil

Steelmakers have accused the four countries of dumping the steel used in construction and machinery so the European Commission, the trade policy watchdog, had set out plans to levy tariffs of up to 33 percent.

India needs to find allies to tap cheap funds for clean coal – trade body

According to the World Coal Association, India will need to ally with countries including the US, Japan, and Australia, to get cheaper funding from multilateral development banks to access cleaner technology.

Conservative radio personality takes on Adani

A TV ad featuring a famous radio broadcaster is pushing to ‘stop the taxpayer loan’ to the Indian group

Finland to get rid of coal by 2030

The head of Finland’s energy department announced that the country will introduce legislation to phase out coal and increase carbon taxes

Australia’s Blair Athol coal mine ramps up production

The company announced the appointment of Wallace Macarthur King as non-executive chairman of its board

Macquarie says iron ore, coal prices to remain strong into 2018

Prices for iron ore and coking coal, the two key ingredients for steelmaking, are set to remain buoyant for the remainder of the year, Macquarie Bank predicted in a recent report.

Colombian First Nations protest against coal mine

Wayuu leaders traveled to Bogotá to protest against El Cerrejón, the thermal coal open-pit mine owned by Glencore, BHP Billiton and Anglo American

Govt electricity supply report 'will not save US coal'

There's nothing in Dept of Energy's electricity grid reliability analysis that'll stop substitution of coal by natural gas and renewable energy says Moody's.

US to extend ban on mining near Yellowstone national park

US Interior Secretary Ryan Zinke wants to speed up a two-year review of mining on more than 30,000 acres just north of the park.

Glencore to offload second coal mine in Australia in less than three months

Decision comes as the Swiss-based miner and commodities trader rethinks how to deploy capital as its cuts debt.

China issues draft rules for utilities to boost coal stocks – govt

During winter and summer, power companies' coal inventories must be five to 10 days above normal levels.

UK coal use drops to 135-year low

Once the engine of the Industrial Revolution rooted in the UK, coal is now less popular than ever as an electricity source.

South Africa welcomes Tegeta coal mine sale by Oakbay

South Africa's government welcomes the sale to a Swiss-based firm for $225 million, citing the jobs the sale could save, the department of mineral resources said on Wednesday.

China coal imports from Australia climb for second month

Chinese coal imports from key supplier Australia chalked up year-on-year gains for the second straight month in July, customs data showed, as local output of the commodity eased amid a crackdown on illegal mining and pollution.

Trump halts study into Appalachian mining technique's likely health hazards

Method is believed to deposit waste containing toxic minerals in ground waters.

Iron ore nears $80 a tonne

Prices for the steelmaking material have increased almost 50% since its 2017 lows.