Coal Mining News

Australia's $5 billion bet on clean coal

The Australian government has opened the door to using a $5 billion fund designed to attract investment in northern Australia, to develop clean-coal projects.

Coal dust near Great Barrier Reef worries scientists, environmentalists

Coal has washed up very close to the UNESCO World Heritage Site, Australian authorities said, following an investigation into complaints of black dust on nearby beaches.

Anglo American to sell Kumba despite iron ore rally — experts

While iron ore prices have climbed 90% in the last year to over $80 a tonne, the sale of Kumba would prove prudent for Anglo's long-term outlook, given its high debt load, BMI analysts say.

Rio Tinto logs first annual gain since 2013 on iron ore rally

Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.

Billion-dollar Alberta coal company goes bankrupt

A coal company in west-central Alberta that in 2011 sold for $1-billion is bankrupt, killing hopes that its mine might re-open in the first quarter.

The world’s largest miner wants more action on carbon capture

BHP Billiton says more help is needed from both governments and industry to promote the adoption of carbon capture and storage (CCS) technology.

Beijing plans to cut coal use by 30 per cent to fight air pollution

Beijing will intensify its battle against choking air pollution this year and aims to cut coal use by 30 percent, state news agency Xinhua cited the mayor, Cai Qi, as saying.

Coking coal price finally breaks fall

Indian consortium plans to restart Benga mine in Mozambique bought from Rio Tinto for a fraction of Melbourne company's original purchase price.

Kumba Iron Ore settles tax dispute in South Africa

The miner, Africa's largest iron ore producer, will pay R2.5 billion, considerably less than the original R6.5 billion it had been asked to cough up.

Australia’s record-breaking mining exports hint of new sector boom

Higher commodity exports delivered a record trade surplus of $3.5 billion in December, the second monthly trade surplus Australia has recorded in nearly three years.

Denmark's largest energy firm to ditch coal by 2023

Coal consumption had been cut by 73% since 2006, Dong Energy said, and its power stations would replace the fossil fuel with sustainable biomass.

Coal use in Europe on its way out — report

Coal generation in Europe is falling and will continue to do so due to competition from cleaner energy sources and governments efforts to cut emissions, a study by The Economist Intelligence Unit (EIU) shows.

Did this financier just call the end of the mining rally?

Private equity firm Orion selling $1 billion worth of royalty, streaming and offtake assets covering gold, silver, base metals and diamonds.

Here’s what miners should expect and do in 2017

While companies face different outlooks and challenges depending on the commodity they mine and their size, Deloitte says they should all should be looking for the answer to one common question — “Going forward, where should we play and how can we win?"

BC annual mineral exploration conference reflected a turnaround for the industry

Minerals and metals prices are rising, investor confidence in the majors is returning, and those majors are keen to restock depleting minable reserves.

Deutsche Bank won’t finance any coal projects any longer

It has decided not to finance any greenfield thermal coal mining or coal-fired plants and it will also reduce its existing exposure to the sector.

US mines produced an estimated $74.6 billion in minerals last year

The country, however, was 100% import reliant on 20 mineral commodities, including rare earths, manganese and niobium, which are among a suite of materials often designated as “critical” or “strategic.”

Frank Holmes: Time to grab the commodity bull market by the horns

Frank discusses the gold and bond markets and how they have been driven by global uncertainty.

Ingenious clean coal plant could give new life to coal

NRG Energy and JX Nippon Oil & Gas Exploration Corp. have successfully developed a power plant that runs entirely on clean coal.

South Africa blames AngloGold, Sibanye of refusing to comply with safety laws

Mines minister Mosebenzi Zwane noted that 19 of the 73 miners who died in South Africa last year lost their lives at operations run by those companies.

Copper takes some shine off Anglo American’s results

The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.

Anglo’s Kumba Iron Ore just got a lot more attractive to potential buyers

The company, Africa's largest iron ore producer, expects profits to more than double this year on the back of higher iron ore prices and a weak rand.

US withdrawal from TPP to impact steel sector — Wood Mackenzie

Steel the US has traditionally exported to TPP countries is high in value–added, which is exactly the kind of product that helps keeping the high-cost local steelmaking business afloat, analysts warn.

BHP iron ore output breaks records

But the world's number one miner cuts full-year copper production guidance.

You can trust official Chinese GDP growth numbers – for now

But at 6.8% in the fourth quarter China's economy "is now expanding faster than is sustainable" says new report.