The decline in the March benchmark was due to low demand in China.
Coal Mining News
The study is based on information collected from 33 prospectors and 172 mineral and coal exploration companies operating in British Columbia.
China's coal consumption rose for a second year in a row in 2018, but coal's share of total energy consumption fell below 60 percent for the first time.
Nedbank Ltd. estimates that corruption, maladministration and bad policies shaved $33.9 billion off the nation’s GDP between May 2014 and February 2018.
Miner will pay a special dividend worth $4 billion, or $2.43 cent a share, as it recorded its highest annual underlying earnings in the last five years.
It’s been a tough few weeks for Australia’s coal industry.
One way or another, the end of the coal-export industry is looking inevitable.
The miner said it was still investigating the incident, as was the state's mines safety inspector, which involved a personnel carrier and a grading vehicle last Wednesday.
Processing times for Australian coal shipments have expanded to close to 40 days from about 25 days at some ports.
Researchers say fauna tends to be under-recognized in assessments of restoration success.
It's little surprise that environmental activists may be tempted to pop champagne corks.
The Gloria Coal Mine in the eastern province of Mpumalanga is owned by Tegeta Resources and Exploration.
Carmichael is one of the world's biggest greenfield coal projects in recent years.
Business forces are now aligning on climate change in ways that will reshape energy and mining for years to come.
The U.S. is relentlessly pushing its allies to ban Huawei and China is starting to push back.
Coal is expected to displace iron ore as Australia's biggest commodity export earner this financial year.
No degree of financial performance is worth a life.
Ernst & Young’s Canadian Mining Eye index, which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior miners — dropped 2% in the last quarter of 2018.
BHP, Anglo American touch one-year highs.
For this industry we’re more likely to see death by a thousand cuts.
The problem is not its reserves, productions costs, or transportation. Renewable alternatives are just cheaper.
“I don’t believe for one moment this is linked to some of the higher level issues of relationships between China and the rest of the world.” - Mackenzie
“They have so much cash they don’t know what to do with it. We’re glad that they are giving it back.”
According to Fitch Solutions, off-grid mines could benefit from reducing their dependency on diesel while taking advantage of the region's favourable climate conditions.
The mining and trading giant will cap its production of thermal and coking coal at about 150m tonnes per year, close to its planned output level for 2019.