Coal Mining News

Coal generator that Trump tried to save files for bankruptcy

FirstEnergy Solutions Corp., its subsidiaries and FirstEnergy Nuclear Operating Co. listed $550 million in cash to continue operations and meet obligations to employees.

Indonesia coal miner Bumi posts record profit, sees 10 pct output rise

Bumi expects coal prices to increase by 5 percent this year over last year's level of $58 per tonne.

China steel, coking coal jump on Handan curbs, short covering

Shanghai rebar surges 4.4 pct after Handan steel, coking cuts.

Rio Tinto fully out of coal sector with $2.25bn Kestrel mine sale

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 miner PGG expects small rise in 2018 coal output

Poland's biggest mining firm, state-run PGG, expects its coal output to rise slightly this year from around 30 million tonnes in 2017.

One of world's dirtiest oil sources wants to go green

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.

Shenhua profit rises to 5-year high as China curbs boost coal

Coal prices were supercharged last year as China pressed on with efforts to cut overcapacity.

Britain blocks plans for new coal mine on climate grounds

Britain plans to phase-out coal use at its power stations by 2025 as a part of its efforts to meet its climate targets.

Rio sells one of latest coal assets in Australia for $200 million

Australia's Whitehaven Coal is acquiring the Winchester South project, located in Queensland.

Nova Scotia’s Mining Association applauds Government push for a Mineral Resources Development Fund

The Mining Association of Nova Scotia (MANS) is pleased the new provincial government budget provides funding to establish the Mineral Resources Development Fund (MRDF).

Glencore snatches Rio’s Australian coal mine in $1.7bn deal

The acquisition includes Rio Tinto’s 82% stake in Hail Creek coal mine and its 71.2 % interest in the Valeria project.

Rio Tinto hires UBS to explore Pacific Aluminium listing – sources

The mining group has tried to sell the division many times without success.

S.Africa's ARM posts 15% rise in H1 profit on strong manganese business

ARM declared a dividend of 250 cents per share for the first half.

Czech tycoon earmarks $1.2 billion to buy Europe's old coal

“The media bubble around clean energy doesn’t reflect reality,” said Alan Svoboda, an executive director of Seven Energy.

China state planner approves coal mine in Inner Mongolia, another two in Xinjiang

China's state planner said on Tuesday it has given approval for a coal mine to be built in Inner Mongolia.

Anglo says cleaning up mining will earn it billions in profit

Mining is a dirty business, but Anglo American Plc Chief Executive Officer Mark Cutifani says it doesn’t have to be.

Indonesia revises new domestic coal price cap to mid-March — official

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.

Polish JSW beats forecasts with 2017 profit, but suspends dividend

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.

Germany's Merkel still hopes for talks on U.S. tariffs

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 spreads the love to all sources of energy, even hated coal

China mines and burns about half the world’s coal, so it can’t totally ditch it.

Rio Tinto's last two coal mines set to attract bids over $2.5 billion

Company made a strategic decision in 2017 to exit coal and focus on growth in iron ore, copper and its aluminum division.

South Africa's mines minister urges speedy resolution on Optimum mine

The Optimum coal mine, which has faced a strike by its workers over unpaid salaries, sought protection from creditors on Feb. 20.

B.C. mining and exploration grew last year for the first time since 2012: EY

Exploration spending increased 20% across the Canadian province in 2017, reaching $246 million, compared with $205 million in 2016.

British Columbia to reform Environmental Assessment Process in the fall

Environmental assessments already underway will continue under the current process.

Rio Tinto speeds up driverless fleet expansion in Australia

Fifteen autonomous trucks will be introduced to West Angelas iron ore mine, in the Pilbara region.