Coal Mining News

BHP brands Elliott's overhaul proposals as flawed, costly

Activist investor Elliott's proposals to break up BHP are riddled with “major flaws” and could end up costing far more to implement than they would save, the company said.

BHP Billiton to escalate defence from Elliott with Goldman’s help

Analysts expect BHP to argue that a demerged petroleum business would need to fund offshore growth projects by raising debt. It may also contend that a stand-alone division won’t have the same ability to defer production until oil prices improve.

Coking coal price soars past $300

Coking coal price has doubled in two weeks – storm damage to rail lines could affect Australian exports for another four weeks.

BHP rejects activist fund Elliott urge to spin off US oil assets

Company says the associated risks of spinning off about $22 billion of its US oil assets and listing them in New York would significantly outweigh any potential benefits.

Yancoal poised to become one of Australia’s top three coal producers

By the end of 2017, Yancoal Australia may become one of the top three coal producers in this country.

Coking coal price close to $300 a tonne on Australian disruptions

Coking coal prices gained 86% to $283.10 a tonne this week, the biggest gain in four years.

Erdene Resource moving forward with flagship project in Mongolia

While the company had other projects in the country, the Bayan Khundii gold project went from greenfield prospect to being its main asset in roughly nine months.

Cyclone damage causes BHP to declare force majeure in Australia

The miner said it won't meet its coal export commitments due to the damage caused by cyclone Debbie, which struck Australia’s north-east coast last week.

Peabody Energy back to the NYSE as emerges from bankruptcy

The US largest coal miner is back.

Top 50 biggest mining companies

Combined worth of $842 billion with 20% gains so far in 2017.

Coking coal price surges 15%

Cyclone Debbie.

Cyclone Debbie disrupts $3.2bn of Australian coal exports

Damage to rail lines in cyclone-hit Queensland have disrupted the shipment of between 15 million and 20 million tonnes of coking coal destined to Asia.

This firm may make coal’s future a lot brighter

Australia’s Dotz Nano has found a new use for coal that could be a welcome boost to the dying industry, particularly in the US.

Can Trump dig coal out of its slump?

Flanked by coal workers, President Donald Trump signed the American Energy Independence Executive Order this week, directing the Environmental Protection Agency (EPA) to review the Clean Power Plan, former President Barack Obama’s signature environmental policy.

Solar now employs more people in the US than coal and natural gas

Solar power, once derided as an expensive and unreliable energy source, has become a major generator of employment in the United States, according to new data supplied by The Solar Foundation.

Vedanta CEO Tom Albanese to leave company in August

The news follows the exit of former Anglo American CEO Cynthia Carroll, who stepped down last month.

Thermal coal price rally to hold

New report predicts the price of seaborne coal used in power generation to consolidate 2016's sharp gains.

Miners to spend $21 billion on exploration by 2025

Equipment and services suppliers will have to wait at least another year until they can fully feel the impact of this trend, says CSA Global — the world's second-largest mining sector consultancy.

Trump signs executive order undoing Obama's clean power plan

He has instruct has ordered the Environmental Protection Agency (EPA) to review and rewrite it.

US coal boss Robert Murray: Trump 'can't bring jobs back'

“I suggested that he temper his expectations. Those are my exact words,” said Murray Energy founder and CEO. “He can’t bring them back.”

MABC announces departure of President and CEO

The Mining Association of British Columbia announces that Karina Briño, President and CEO, has decided to advance to a new chapter in her life and will be taking on a challenging new industry assignment in her native Chile in early May 2017.

The 5 biggest private funds investing in mining

Denver is the global capital of private capital raising for investment in the metals and mining sector.

NEW REPORT: Global coal plant development freefall sparks renewed hope on climate goals

Work frozen at over 100 projects In China And India; 62 percent decline in global construction starts

Trump's repeal of anti-corruption rules could give US companies advantage over industry peers, says Fasken Martineau white collar expert

On February 14, 2017, President Trump signed into law a joint resolution of Congress to repeal a critical anti-corruption rule for oil, gas and mining companies.

A core holding keeps getting better

Fund manager Adrian Day reviews one of his favorite resource companies and updates a few others.