Under the planned $2.25 billion transaction, Adaro will take a 48 percent stake of Rio's current 80 percent interest in the mine.
Coal Mining News
Anglo American Plc is set to boost metallurgical coal capacity at a mine complex in Australia by 25 percent.
The Halifax, Nova Scotia-based miner also said it had launched an offering of common shares to Mongolian residents, as well as a concurrent non-brokered private placement, which in combination are expected to raise up to $4.4 million.
Britain’s Royal Bank of Scotland said it had tightened restrictions on project finance and general lending for high-carbon energy projects and companies.
Chinese officials are currently looking at boosting purchases from West Virginia in particular.
Miners in recent decades have been over-exposed to dust, a University of Illinois researcher said.
However, the Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 8% in the three months to March 2018.
The Association of Mineworkers and Construction Union (AMCU) said the company failed to take precautions two avoid injuries at its mines earlier this week.
China will take steps to bring down coal prices because the recent rally is not supported by market fundamentals.
New First Nations led campaign calls for improved mining practices and better regulation in British Columbia
Province’s contribution to a clean energy future at risk unless changes are made.
“The (last) miner’s body was trapped under one of many structures in the destroyed pit,” JSW said in a statement.
Despite mining contributing about 6 per cent of the country's GDP, a study revealed that almost six out of 10 of young Australians know nothing at all about mining careers.
China’s thirst for energy is roiling markets in Europe, jolting the outlook for coal-hungry utilities as they struggle to cope with tighter pollution and environmental rules.
As demand for coal in the U.S. declines, miners depend increasingly on overseas markets.
Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.
Conditions may be in place for increased demand and increased prices for a number of commodities including natural gas, copper, aluminum, and gold.
The price of steelmaking raw materials in China rose for a second session on Monday on optimism that steel mills will replenish stockpiles as steel production increases and as iron ore inventories at ports decline.
One man is still missing at the Zofiowka mine in southern Poland.
India's rising coal imports are contributing to higher demand across Asia this year.
Majority of scientists classify nuclear as a sustainable and safe energy source, along with other renewables.
The writedowns are said to stem from Adani being forced to duplicate studies and redesign elements of the Carmichael project due to delays in regulatory approvals and ongoing legal challenges.
Evraz, which controls Raspadskaya, said all miners had been evacuated and that the blaze is thought to have started in the mine's technical equipment.
While there may be scope to be bullish on the short- to medium-term outlook for coal, the risk factors for the industry appear to be mounting.
Indicated and inferred gold equivalent resources increased by whooping 208% and 172% respectively, when compared to the project’s maiden mineral resource estimate of 2015.
Prices for most metals and minerals produced in the province continue to steadily recover from multi-year lows.