FirstEnergy Solutions Corp., its subsidiaries and FirstEnergy Nuclear Operating Co. listed $550 million in cash to continue operations and meet obligations to employees.
Coal Mining News
Bumi expects coal prices to increase by 5 percent this year over last year's level of $58 per tonne.
Shanghai rebar surges 4.4 pct after Handan steel, coking cuts.
Company has agreed to sell its 80% stake in the Kestrel mine to a consortium comprising of private equity manager EMR Capital and Indonesian coal company Adaro Energy.
Poland's biggest mining firm, state-run PGG, expects its coal output to rise slightly this year from around 30 million tonnes in 2017.
Alberta is boosting its use of renewable energy, closing power plants that burn coal and in January increased its tax on carbon emissions by 50 percent.
Coal prices were supercharged last year as China pressed on with efforts to cut overcapacity.
Britain plans to phase-out coal use at its power stations by 2025 as a part of its efforts to meet its climate targets.
Australia's Whitehaven Coal is acquiring the Winchester South project, located in Queensland.
The Mining Association of Nova Scotia (MANS) is pleased the new provincial government budget provides funding to establish the Mineral Resources Development Fund (MRDF).
The acquisition includes Rio Tinto’s 82% stake in Hail Creek coal mine and its 71.2 % interest in the Valeria project.
The mining group has tried to sell the division many times without success.
ARM declared a dividend of 250 cents per share for the first half.
“The media bubble around clean energy doesn’t reflect reality,” said Alan Svoboda, an executive director of Seven Energy.
China's state planner said on Tuesday it has given approval for a coal mine to be built in Inner Mongolia.
Mining is a dirty business, but Anglo American Plc Chief Executive Officer Mark Cutifani says it doesn’t have to be.
The cap, which was set at $70 per tonne for two years for coal with a calorific value of 6,322 kilocalories, will now apply from March 12, revised from Jan. 1, 2018 previously.
JSW said on Monday its 2017 net profit jumped to 2.54 billion zlotys ($745.31 million) from 6.7 million zlotys a year earlier.
German Chancellor Angela Merkel said Europe must be ready to respond to the unilateral imposition of trade tariffs by the United States but she first hoped for talks on the issue.
China mines and burns about half the world’s coal, so it can’t totally ditch it.
Company made a strategic decision in 2017 to exit coal and focus on growth in iron ore, copper and its aluminum division.
The Optimum coal mine, which has faced a strike by its workers over unpaid salaries, sought protection from creditors on Feb. 20.
Exploration spending increased 20% across the Canadian province in 2017, reaching $246 million, compared with $205 million in 2016.
Environmental assessments already underway will continue under the current process.
Fifteen autonomous trucks will be introduced to West Angelas iron ore mine, in the Pilbara region.