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.
Coal Mining News
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.
The company reported a "significant pressure event" at its Elkview coal mine.
Indian commodities billionaire said the rally in Anglo American Plc vindicated his personal bet in the mining group.
The protected areas plan is harming the mining industry’s ability to create jobs and economic growth for Nova Scotians.
Mine is on track to produce its target of 700,000 ounces of gold in 2018.
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.
In Nanaimo, B.C.— a city built on coal — a long-abandoned mine will soon become the heat source for a new university building.
"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.
The mines, in the eastern states of Odisha, Jharkhand and Bihar, are expected to operate at full capacity by 2022.
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.
Statistics come as the administration of President Donald Trump claims credit for new jobs in the coal industry.
If for some reason, you still think that the commodity markets are predictable, today’s chart provides a nice piece of humble pie.
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 has now amended contracts of all 68 coal mining companies, marking victory for the government after earlier miner resistance to adopt to new terms.
The SEC had accused Rio Tinto, Albanese and Elliott of concealing the deteriorating value of assets at Rio Tinto Coal Mozambique.
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.
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.
“A lot of investors were really badly burned, ourselves included.”
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.
Unless disagreements at negotiations for wages and benefits are resolved by Jan. 19
For the Federal Energy Regulatory Commission, Rick Perry’s arguments were unfounded.
Former Grand Cache Coal mine to re-start out of bankruptcy; 4 West Mine in Pennsylvania will be shuttered.
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.
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.