Coal Mining News

Huge increase in BC exports of met coal this year

Recovery in exports for steelmaking coal in BC- global economy is looking good out to 2020.

CHARTS: Mining's 2017 rally forecast to fizzle out

Consensus forecasts point to double digit declines for the platinum, zinc, copper and lead price by the end of the year, while coal is set to tank.

Nova Scotia miners offer more than $8,000 cash to students who can prove industry ‘rocks’

The Mining ROCKS! contest, now in its fourth year, hopes to inspire children to learn about the industry, get creative and win big.

Adani aims to wrap-up Australia project funding by March

India's Adani Enterprises Ltd aims to tie-up financing for its Carmichael coal mine project in Australia by March 2018, a senior company executive told Reuters, adding it would look to sell a minority stake in the project to help raise funds.

Glencore to spend $956M to increase stake in Peru's largest zinc producer

The company will pay between $531 million and $956 million depending on the offer's level of acceptance by Volcan shareholders.

Rio Tinto back on track to haul iron ore in driverless trains in 2018

Staff sitting hundreds of km away oversaw successful pilot run.

Mining Association of Canada adds new actions to address climate change

Members have committed to new actions to further enhance efforts in the climate change space based on recommendations from MAC’s independent Community of Interest (COI) Advisory Panel.

Botswana Diamonds soars on promising find at South African project

Sampling work at Ontevreden, part of the Vutomi joint venture, seems to prove the presence of high-grade kimberlite pipes.

China iron ore makes biggest monthly drop since May 2016 as demand concerns rise

The Dalian Commodity Exchange's most-traded iron ore contract, for January delivery, closed down 0.98 percent at 454.5 yuan ($68.45) per tonne.

World's largest coal miner looking to buy metal mines abroad

Coal India's plan to diversify into mining metals such as copper and nickel with no prior experience is being seen by analysts as a long-term strategy to firm up revenues, with no immediate results in sight.

China bought tonnes of North Korean coal

North Korea’s biggest trading partner imported 1.64 million tonnes of coal in August

China-backed Yancoal Australia exercises option to up stake in coal mine

The agreement brings Yancoal’s stake in the Warkworth project to about 85 percent.

Polish exporter to fill domestic coal hole with U.S. imports

Affected by a domestic coal shortage, Poland's largest exporter Weglokoks had to order a shipment from the US so that it can honour contracts with its overseas buyers.

China to revoke over 1,000 iron ore mining licences amid pollution crackdown

Figure represents about a third of the country's iron ore mines currently in operations.

China wants to reduce winter pollution by cutting steel production

China is expected to slash in half the rate of steel production in Tangshan, a city in the north-east that produces 11 per cent of the country’s total output

China coking coal, coke prices sink again amid oversupply worries

The most-active coking coal futures on the Dalian Commodity Exchange tumbled as much as 6.5 percent in early trade on Monday.

UK Labour leader says he'll invest in former mining towns and steel industry

Jeremy Corbyn, whose Labour Party came second in the 2017 UK general election, has reached out to communities hit hard by the downtown in the coal and steel industries.

Rio Tinto is buying another $2.5 billion of its own shares

Brings the total to $4 billion for the year.

Indian billionaire Agarwal to be Anglo American’s top shareholder

He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.

BHP Billiton Foundation launches two new transparency projects

BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.

BHP’s shareholders to vote whether firm should leave Australia’s top mining lobby group

Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.

Rio Tinto's chief financial officer Chris Lynch to retire in 2018

He joined the company's board in September 2011 and was appointed chief financial officer in April 2013.

The $10 trillion mineral resources North Korea can't tap

North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.

South Africa's NUMSA union demands 15 percent wage hike in coal sector

The National Union of Metalworkers of South Africa (NUMSA) has demanded Glencore raise coal mining wages by 15 percent.

Canada’s Donkin coal mine begins processing ore on site

Current coal production is being stockpiled on site, and trucked and stored up at the Provincial Energy Ventures port in Sydney, Cape Breton, for export.