Coal Mining News

Glencore, Tohoku Electric set coal contract price at $109.77/T

The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.

South Africa's Exxaro eyes South32's coal assets, export quota

South African miner Exxaro is eyeing South32's local coal assets, which include an export quota, as it looks to increase its exports.

Coal reaching $100 a ton in Europe boosts greener alternatives

Coal’s push to $100 a ton in Europe may benefit the greenest energy providers more than it does for miners.

South Africa’s latest mining charter: what's new and who wins

New Mining Charter seeks to reduce uncertainty and boost investment in the sector.

China won’t renew coal, steel output restrictions amid trade war

This winter, regulators are replacing hard caps on coal use and steel production with less strict targets.

Scientists weigh call for much deeper cuts to coal pollution

Coal currently feeds about 27% of the world’s energy demand.

Metallurgical coal prices starting to slip: Fitch

Fitch suggests that miners' focus would probably be on cost controls.

Greece expects one-month extension in coal-fired plants tender

Greek utility Public Power Corp. (PPC), which is 51 percent state-owned, is selling three coal-fired plants and one still to be built.

China adopts more flexible output curbs to battle winter smog

Northern China’s key industrial hub will adopt a more flexible program for its anti-pollution output curbs this winter.

Czech coal baron says island home protests are PR stunt by rival

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 2018 coal output target now around 507m tonnes – Energy Ministry

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.

Appalachia's alarming rise in black lung disease: editorial

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 kicks off $950m IPO, Australia's top coal float in 6 years

Coronado files IPO prospectus, sets A$4-A$4.80 price range.

Germany's move to scrap coal is said to boost cost for taxpayers

Chancellor Angela Merkel’s plan to close Germany’s remaining coal-fired power stations will drive up subsidies for regions that mine the commodity.

Peabody Energy to buy Alabama coal mine for $400 million

The transaction involves the purchase of Shoal Creek metallurgical coal mine, preparation plant and supporting assets, excluding legacy liabilities other than reclamation.

Rio Tinto’s exit from coal pays off, to return $3.2B from sales proceeds to shareholders

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 top shipper hobbled with miners facing constraints

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 JSW seeks ministry approval to buy Prairie Mining assets – CEO

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 issues new rules for commodity exporters as rupiah slides

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.

Most profitable mining companies in 2017

Polyus.

Britain's Tamar takes coking coal complaint to Polish PM

Tamar Resources wants to reopen the state-owned Krupinski mine in Silesia as a coking coal mine.

South Africa's Eskom has coal shortages at 10 power plants – spokesman

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 wants import duty on coking coal scrapped

India's steel minister wanted the finance ministry to scrap the 2.5 percent duty on imports of coking coal to limit input costs.

US coal exports sure victims of Hurricane Florence — WoodMac

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.

British Columbia coal terminal for sale – again

Ottawa recently announced renewed efforts to sell the Crown-owned terminal, Ridley Terminal, which is used to export thermal and metallurgical coal.