Coal Mining News

Australia's South32 beats annual coking coal output guidance

Australian miner South32 Ltd beat its coking coal output guidance for fiscal 2018.

Miners wrote off almost one-third of investments over last decade

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

Four miners killed in Georgia in coal mine accident, officials say

The government will close the mine until an investigation is complete and it gets the conclusions of international experts.

Reduced head count, capex spending biggest contributor to mine efficiency mid-decade: McKinsey

To stay productive, McKinsey warns that miners must maintain fiscal discipline.

Five top mining execs. convicted over Turkey’s worst mine disaster

The sentences range from 15 to 22 years in jail for high-ranked executives.

Australia's Yancoal halts Austar mine amid safety dispute

Yancoal said it will start standing down employees, and is aiming to redeploy most workers to other underground operations owned by the company.

Private equity firm to deploy $550 million into mining sector

Targeting close or ready for production.

South Africa mines minister delays finalisation of draft mining charter

Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top platinum producer.

Steel making raw materials hit multi-week lows in China on trade woes

Prices of steelmaking raw materials dropped to multi-week lows on Thursday as a festering trade row between China and the United States kept risk appetite low.

Thermal coal prices hit 6-year high

Seaborne price for coal used in electricity generation scales $120 a tonne as South Africa diverts exports for domestic use and Asian demand spikes.

Burning villages, ethnic tensions menace Mozambique gas boom

Women’s cries just after 1 a.m. confirmed Barnabe Samuel Mussa’s worst fears -- an attack was underway.

Brazilian ex-billionaire Batista sentenced to 30 years in jail for bribery

Eike Batista, who was once one of the richest men in the world, was found guilty of bribing former Rio de Janeiro governor Sergio Cabral in exchange for contracts.

Commodities face a twin threat, Morgan Stanley says

Amid the warnings, copper was listed as the top pick after palladium.

Mongolian parliament OKs plan to sell 30% of Tavan Tolgoi Mine

Mongolian lawmakers approved a plan to sell up to 30% of the troubled Tavan Tolgoi coal mine in the Gobi desert.

South Africa's Exxaro expects H1 thermal coal output to rise 1%

Exxaro Resources Ltd expects coal production for the half year to June 30 to increase by 1.7 percent to 23.52 million tonnes.

Sibanye-Stillwater hit with lawsuit over mounting fatalities, losses

US law firm Bernstein Liebhard said the suit would deal with "misleading statements" made by the precious metals producer, which has had 21 fatalities on its operations so far in 2018.

Gold mining the least polluting in the metals sector — WGC

It depends on how you measure it.

US steel users challenge Trump's authority to impose tariffs in court

In a lawsuit filed Wednesday the American Institute for International Steel and two of its member companies argue that the US president’s tariffs on steel and aluminum imports are unconstitutional.

Class action to be launched over casuals in Australia’s coal mining

BHP says it has not received any formal communication regarding the legal actions.

Germans rally against the country’s reliance on coal

According to WWF, Germany's CO2 emissions have not dropped for nine years.

Resurgent coal exporters should be wary of blinkered optimism: Russell

Coal miners supplying Asia's rapidly growing economies have plenty to be optimistic about as prices and demand appear robust, but they should be wary.

South Africa coal terminal boosts productivity with $98m upgrade

South Africa's Richards Bay Coal Terminal has boosted productivity after a 1.34 billion rand ($98 million) machinery upgrade, the firm said on Thursday.

US-China trade spat wipes $57B from top mining stocks in fortnight

Copper, iron ore prices drop, mining majors punished as US threatens more tariffs on "predatory" Chinese imports and Beijing calls it "blackmail".