Coal Mining News

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.

US steel and aluminum tariffs a ‘black day for the world’ — BHP

BHP chief executive officer Andrew Mackenzie believes US President Donald Trump’s plans for steel and aluminum tariffs will harm the global economy.

Rio Tinto, former execs. once again move to have SEC case dismissed

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 to cut more coal, steel output to defend 'blue skies'

China’s state planner pledged on Monday to cut more steel and coal production capacity this year.

Steel tariffs may trip up another industry Trump loves: coal

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.

BC mining and exploration sees resurgence after years of stagnation

The survey found that exploration expenditures across BC totaled $246 million in 2017, up $41 million (20%), from the year before.

Britain postpones decision on new coal mine

The government has delayed expected decision on whether to allow a new coal mine in northeastern England.

China’s staggering demand for commodities

It’s said that in China, a new skyscraper is built every five days.

Coal India output, sales rise as power plants rebuild stockpiles

Coal India Ltd.’s shipments rose 4.8 percent from a year ago and output increased for a seventh straight month.

Australia takes Rio Tinto to court over Mozambique coal deal

Australia’s corporate watchdog has launched court action against the company, former chief executive Tom Albanese and chief financial officer Guy Elliott.

India's outback coal bets sour as global prices recover

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.

Anglo American concludes sale of three coal mines in South Africa

The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects.

Mongolia's Oyu Tolgoi mine to lift force majeure

Majority owner Turquoise Hill Resources Ltd said that it expected to make up any sales-related effect over the next few quarters.

South Africa's mining charter to be finalized in three months

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

Iron ore price jumps to 10-month high

China's war on smog benefitting exporters of high-quality ore as domestic steelmaking output cuts are extended.

For coal miners, it's time to exit or get rich: Russell

If there is a trend at play here, it’s that diversified miners are the ones most likely to exit coal.

Shipping gauge shows iron ore, copper prices heading for fall

CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices.

Eight Gupta firms seek insolvency protection in South Africa

The Gupta brothers were accused of using their political connections to win state contracts and influence cabinet appointments

Anglo American 'shows off' — doubles profits, halves debt, pays highest divvy in a decade

Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.

Canada the world's overall top mining destination, despite Saskatchewan fall

That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.