The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.
Coal Mining News
South African miner Exxaro is eyeing South32's local coal assets, which include an export quota, as it looks to increase its exports.
Coal’s push to $100 a ton in Europe may benefit the greenest energy providers more than it does for miners.
New Mining Charter seeks to reduce uncertainty and boost investment in the sector.
This winter, regulators are replacing hard caps on coal use and steel production with less strict targets.
Coal currently feeds about 27% of the world’s energy demand.
Fitch suggests that miners' focus would probably be on cost controls.
Greek utility Public Power Corp. (PPC), which is 51 percent state-owned, is selling three coal-fired plants and one still to be built.
Northern China’s key industrial hub will adopt a more flexible program for its anti-pollution output curbs this winter.
Zdenek Bakala claims the people who marched through the streets of the coastal Hilton Head Island resort chanting “Bakala is a creep! He’ll steal your home while you sleep!” were actually paid by a rival to harass him.
Indonesia has increased its 2018 coal production target to around 507 million tonnes from a previous target of 485 million tonnes which may add to downward pressure on prices for the fuel.
By now, black lung disease was supposed to have mostly gone away. The coal industry was supposed to have improved air quality in the mines enough to prevent miners from inhaling the coal dust that inflames, stiffens and blackens their lungs.
Coronado files IPO prospectus, sets A$4-A$4.80 price range.
Chancellor Angela Merkel’s plan to close Germany’s remaining coal-fired power stations will drive up subsidies for regions that mine the commodity.
The transaction involves the purchase of Shoal Creek metallurgical coal mine, preparation plant and supporting assets, excluding legacy liabilities other than reclamation.
The fresh round of returns follows Rio’s promise in August to give shareholders up to $7 billion through dividends and share buybacks.
Coal exports from Indonesia will be restrained this year, which could frustrate a plan by the government to ease a burgeoning trade deficit.
Poland's state-run JSW awaits approval from the Energy Ministry in its bid to acquire the mining assets of Australia's Prairie Mining
Indonesia has laid out new rules for commodities exporters to guarantee funding for shipments through Indonesian banks or branches of foreign banks in the country.
Tamar Resources wants to reopen the state-owned Krupinski mine in Silesia as a coking coal mine.
Eskom said on Monday that it had fewer than 20 days of coal supplies at 10 of its 15 coal-fired power stations, posing a threat to national power supplies.
India's steel minister wanted the finance ministry to scrap the 2.5 percent duty on imports of coking coal to limit input costs.
The key US coal export hub of Hampton Roads, Virginia, has halted operations as damage to ships and infrastructure seem inevitable, analysts at Wood Mackenzie said Thursday.
Ottawa recently announced renewed efforts to sell the Crown-owned terminal, Ridley Terminal, which is used to export thermal and metallurgical coal.