China mines and burns about half the world’s coal, so it can’t totally ditch it.
Coal Mining News
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.
BHP chief executive officer Andrew Mackenzie believes US President Donald Trump’s plans for steel and aluminum tariffs will harm the global economy.
Lawyers acting for the company, its former chief executive Tom Albanese, and its ex finance director Guy Elliott say charges brought by the SEC are 'plainly wrong.'
China’s state planner pledged on Monday to cut more steel and coal production capacity this year.
While tariffs could increase domestic demand for metallurgical coal - which is used in the steelmaking process - most of the market for that fuel is abroad.
The survey found that exploration expenditures across BC totaled $246 million in 2017, up $41 million (20%), from the year before.
The government has delayed expected decision on whether to allow a new coal mine in northeastern England.
It’s said that in China, a new skyscraper is built every five days.
Coal India Ltd.’s shipments rose 4.8 percent from a year ago and output increased for a seventh straight month.
Australia’s corporate watchdog has launched court action against the company, former chief executive Tom Albanese and chief financial officer Guy Elliott.
Adani Group bought into the Queensland basin in 2010, followed a year later by GVK Group, with plans to ship thermal coal by the middle of the decade.
The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects.
Majority owner Turquoise Hill Resources Ltd said that it expected to make up any sales-related effect over the next few quarters.
Uncertainty around the charter has deterred investment into a sector that accounts for 8% of gross domestic product in the world's top platinum producer
China's war on smog benefitting exporters of high-quality ore as domestic steelmaking output cuts are extended.
If there is a trend at play here, it’s that diversified miners are the ones most likely to exit coal.
CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices.
The Gupta brothers were accused of using their political connections to win state contracts and influence cabinet appointments
Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.
That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.