Coal Mining News

Global bankers spurn Trump's pleas to keep making loans for coal

Given the economics and how the conversation around coal has shifted, you might as well try to push these banks into rotary phones or horse-drawn carriages.

Gupta's South African mining assets attract $215m bid

Project Halo will buy Optimum Coal Mine (Pty) Ltd, Koornfontein Mines (Pty) Ltd and Optimum Coal Terminal (Pty) according to the term sheet seen by Bloomberg.

President Trump’s coal comeback keeps falling short

In the grand scheme of things, even the 2,500 coal-mining jobs added since Trump took office in January 2017 really don’t amount to much.

Big coal wants consumers to pay for fixing its pollution problem

"CCS is a get-out-of-jail card and a great business opportunity,” - Michael Liebreich, founder of Bloomberg NEF research group.

Anglo ending 2018 on high note, predicts higher output, lower costs

The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.

EU's largest coking coal producer seeks growth through acquisitions

Poland's ambitions to invest in coal have stirred outrage at U.N. climate talks taking place in Katowice.

Losing licence to operate new and biggest threat to miners — EY

Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years

Trump administration to lift barriers to build new coal plants

The EPA has announced plans to roll back an Obama-era rule that requires new coal plants to capture their carbon emissions.

Glasenberg eyes successor as Glencore readies new generation

Glasenberg, a workaholic, straight-talking South African who has become the public face of the commodity trading industry, has led Glencore for nearly two decades.

Ivan Glasenberg places a dirty $36B bet: Chris Bryant

Glencore’s coal business should be a license to print money for several more years.

Glasenberg says he'll stay for 3 to 5 years: Glencore Update

"When I go I hope it’ll be a 45-year-old who’ll take over," Glasenberg said

Germany's miners get shafted as coal power survives on imports

The 150-year-old Prosper-Haniel site — shuts in December.

Anglo CEO says investor confidence returns to South Africa

Anglo American mines platinum, coal, diamonds and iron ore in South Africa.

India's Adani says to fully fund its troubled Australia coal project

Taking a big step closer to building the long-touted project that has faced fierce resistance from green groups.

MacMines Australia gets environmental nod for mega coal mine in Queensland

The company's 20,000-hectare China Stone thermal coal project is expected to produce 38 million tonnes of coal annually.

UK's Banks Mining wins challenge to government rejection of new coal mine

Britain's High Court quashed the government's rejection of the new mine on the grounds that the minister did not provide adequate evidence for his decision.

Sibanye shuts gold mines in South Africa as strike turns violent

Operations at Driefontein, Kloof and Beatrix mines were halted late on Wednesday.

Indonesia's push for electrification and its impact on domestic coal – report

Due to better coal economics and relatively unsupportive renewable energy policies, we expect coal to still dominate the fuel mix at more than 60% from now until 2027.

China National Coal signs 5 year supply contracts with state utilities

China National Coal Group will supply in 2019 more than 97 million tonnes of coal to six utilities, with volumes rising in each subsequent year of the deals.

Australia's coal revival in full swing by 2019

The outlook for coal depends basically on the growth of electricity and steel production in Asia.

BHP blames driver error, brake problem for runaway train wreck

BHP said its initial findings of the Nov. 5 incident showed the nearly 3-km (1.9 miles) long train came to a halt after a braking system control cable became disconnected.

South Africa's Eskom revises coal contract strategy, seeks supply security

Eskom, which supplies more than 90 percent of the nation's power, has warned of potential power outages amid low coal inventories after a major supplier cut supplies and sought insolvency protection.

Sinking shipping gauge signals trouble for iron ore, coal price

Rates for dry bulk cargo carriers have collapsed 70% since August.

NZ gov't plans to re-enter doomed Pike River mine to recover remains

It is now our intention to get this job done, and find out why 29 men went to work on 19 November 2010, and never came home.

Colonial Coal floats PEA for Gordon Creek mine

The project has a pre-production capex of $300 million with additional sustaining capital of $406.0 million.