Coal Mining News

South Africa faces sixth day of blackouts as Eskom stumbles

The staggered power cuts are crippling businesses and leave roads gridlocked in cities throughout Africa’s most-industrialized economy.

Chinese go-slow on Australian coal imports may be starting to show

Chinese coal traders are reported to have cut back on buying from Australia after the length of time taken by customs to clear cargoes reportedly doubled.

Rio Tinto rejects push by activist shareholders to reveal emission targets

Miner has hit back at a push to make it more accountable for carbon emissions produced by its customers, including Chinese steel makers.

The coal miner who bet everything on U.S. power markets and lost

Eleven years ago, Cloud Peak Energy Inc. made an all-or-nothing bet its rivals were unwilling to match: that coal would remain indispensable to the U.S. power sector.

Massive storm hits wheat, cattle, mines in U.S. heartland

Blizzard-like conditions in the Dakotas, western Nebraska and Kansas are stressing winter wheat, inundating mines and disrupting ranches.

South Africa's Exxaro Resources FY earnings jump on higher coal prices

Exxaro's coal export volumes surged to a record 8 million tonnes. Revenue jumped 12% to 25.491 billion rand compared with 22.813 billion rand the previous year.

Greece's Public Power relaunches coal-fired power plants sale

PPC wants to conclude the sale by May and has been in touch with investors from the United States, Russia and China.

Mining's dirty secret faces a climate reckoning

Producing a single metric ton of steel in a blast furnace typically releases around 2.3 tons of carbon dioxide, not much less than you’d get from burning a ton of thermal coal for energy.

South Africa union threatens Eskom 'shutdown' ahead of vote

The labor group is planning a march to the ruling African National Congress’s Johannesburg headquarters on March 30.

When paying $1 for a coal power plant is still paying too much

A New York-based company is in talks to buy the 847-megawatt San Juan Generating Station for $1, after four of its five owners decided to shut it down.

Japan's Sojitz to sell stake in Indonesia's thermal coal mine

The deal reflects the company's effort to rebalance its coal assets, shifting away from thermal coal investment and focusing more on coking coal.

South Africa's Eskom may need more bailouts despite tariff hikes

Eskom supplies more than 90 percent of the power in Africa's most industrialised economy.

Aussie state wants to attract more women to the mining workforce

The emphasis is on getting more women at senior levels.

China's iron ore futures fall as anti-smog measures weigh

The level 1 alert, the highest in China's four-tier pollution warning system, has been in place since March 1 and requires steel mills to curb output by 40%-70%.

Global Mineral Professionals Alliance launches tailings initiative

The members of the Alliance agreed on the urgency of examining tailings from the perspective of disposal and closure.

ABB launches digital portfolio to create the world’s most efficient mines

ABB Ability MineOptimize connects all electrification, automation and digital offerings to optimize all stages in the lifecycle.

China has not changed coal import policy this year – customs official

Comments came after Reuters reported that Chinese customs authorities had stepped up environment and safety checks on foreign cargoes

BHP injects $6m into emissions reduction company

Move is part of an increasing wave of investment by mining and energy groups into technologies that suck carbon dioxide directly from the atmosphere and use it to make synthetic fuel.

All but two Canadian provinces approve Minerals and Metals Plan

Ontario and Saskatchewan say the plan falls short in growing Canada’s reputation as a world leader.

Indonesia lowers coal benchmark price for 7th month in March

The decline in the March benchmark was due to low demand in China.

Mineral exploration growing in BC – Survey

The study is based on information collected from 33 prospectors and 172 mineral and coal exploration companies operating in British Columbia.

China's 2018 coal usage rises 1%, but share of energy mix falls

China's coal consumption rose for a second year in a row in 2018, but coal's share of total energy consumption fell below 60 percent for the first time.

Eskom's Molefe 'stonewalled' Glencore ex-CEO says

Nedbank Ltd. estimates that corruption, maladministration and bad policies shaved $33.9 billion off the nation’s GDP between May 2014 and February 2018.

Rio Tinto investors partying like it’s 2014

Miner will pay a special dividend worth $4 billion, or $2.43 cent a share, as it recorded its highest annual underlying earnings in the last five years.

Coal's perfect storm rattles home to $50B new projects

It’s been a tough few weeks for Australia’s coal industry.