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.
Coal Mining News
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.
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.
"CCS is a get-out-of-jail card and a great business opportunity,” - Michael Liebreich, founder of Bloomberg NEF research group.
The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.
Poland's ambitions to invest in coal have stirred outrage at U.N. climate talks taking place in Katowice.
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
The EPA has announced plans to roll back an Obama-era rule that requires new coal plants to capture their carbon emissions.
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.
Glencore’s coal business should be a license to print money for several more years.
"When I go I hope it’ll be a 45-year-old who’ll take over," Glasenberg said
The 150-year-old Prosper-Haniel site — shuts in December.
Anglo American mines platinum, coal, diamonds and iron ore in South Africa.
Taking a big step closer to building the long-touted project that has faced fierce resistance from green groups.
The company's 20,000-hectare China Stone thermal coal project is expected to produce 38 million tonnes of coal annually.
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.
Operations at Driefontein, Kloof and Beatrix mines were halted late on Wednesday.
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 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.
The outlook for coal depends basically on the growth of electricity and steel production in Asia.
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.
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.
Rates for dry bulk cargo carriers have collapsed 70% since August.
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.
The project has a pre-production capex of $300 million with additional sustaining capital of $406.0 million.