Coal Mining News

Rio Tinto and two former top execs must face fraud charges — SEC

SEC will push ahead with the prosecution of the company, former chief executive Tom Albanese and ex-chief financial officer Guy Elliott over alleged attempts to cover up multi-billion losses on a coal investment in Africa.

These are some of the top mining assets on the block

Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials.

Teck trades lower following mine explosion

The company reported a "significant pressure event" at its Elkview coal mine.

Agarwal plans to keep his Anglo American stake for a long time

Indian commodities billionaire said the rally in Anglo American Plc vindicated his personal bet in the mining group.

Inflexible land protections rob Nova Scotians of economic opportunity

The protected areas plan is harming the mining industry’s ability to create jobs and economic growth for Nova Scotians.

Randgold’s Kibali mine in DRC to achieve full production this year

Mine is on track to produce its target of 700,000 ounces of gold in 2018.

Lloyd's of London to divest from coal over climate change

Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.

Abandoned Nanaimo coal mine finds second life as heat source for university buildings

In Nanaimo, B.C.— a city built on coal — a long-abandoned mine will soon become the heat source for a new university building.

Union at Colombia's Cerrejon to hear wage offer before possible strike vote

"We will meet with the company... after a request from them to present a new offer, the fourth in this negotiation," said the Sintracarbon union president.

India to allot Coal India 11 new mines to boost production by two-fifths

The mines, in the eastern states of Odisha, Jharkhand and Bihar, are expected to operate at full capacity by 2022.

Ex-Massey Energy CEO and ex-con Blankenship running for US Senate

Blankenship kicked off his campaign Thursday night with a town hall meeting for voters in which he vowed to support President Donald Trump’s pro-coal stance with actions.

Most U.S. states lost coal mining jobs in 2017 – data

Statistics come as the administration of President Donald Trump claims credit for new jobs in the coal industry.

The periodic table of commodity returns

If for some reason, you still think that the commodity markets are predictable, today’s chart provides a nice piece of humble pie.

India steel ministry seeks abolition of met coal import tax

Removing import tax on coking coal would soften the impact of rising costs on users of key steel-making fuel and promote alloy production.

Indonesia completes contract amendments with coal miners

Indonesia has now amended contracts of all 68 coal mining companies, marking victory for the government after earlier miner resistance to adopt to new terms.

Rio Tinto says SEC fraud case should be dismissed

The SEC had accused Rio Tinto, Albanese and Elliott of concealing the deteriorating value of assets at Rio Tinto Coal Mozambique.

China's state-owned coal firms target 12.65m tonnes of capacity cuts

China's central government-owned enterprises will target coal capacity cuts of 12.65m tonnes in 2018, the official Xinhua news agency reported on Monday.

World seaborne coal trade rose 1.5 pct in 2017 – German importers

This rise happened due to a recovery in output in producer countries such as the United States, Russia and China and an accompanying rise in export activity.

Mining profits are super-charged and BlackRock wants to get paid

“A lot of investors were really badly burned, ourselves included.”

Reform overdue to drive growth and protect Australia from future downturn

Minerals Council of Australia’s pre-Budget submission warns that every year Budget repair is delayed puts Australia closer to the risk of an economic shock.

Workers at Colombia's Cerrejon coal mine say they could strike over wages

Unless disagreements at negotiations for wages and benefits are resolved by Jan. 19

Trump administration’s plan to boost coal, nuclear power rejected

For the Federal Energy Regulatory Commission, Rick Perry’s arguments were unfounded.

Coal mine to re-open in Canada, another closes in US

Former Grand Cache Coal mine to re-start out of bankruptcy; 4 West Mine in Pennsylvania will be shuttered.

Coal dwarfs battery metals in mining deals despite war on pollution

Coal and iron ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future.

CHARTS: Big mining's surge in value shames tech giants

The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.