North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.
Coal Mining News
The National Union of Metalworkers of South Africa (NUMSA) has demanded Glencore raise coal mining wages by 15 percent.
Current coal production is being stockpiled on site, and trucked and stored up at the Provincial Energy Ventures port in Sydney, Cape Breton, for export.
From October 16–18 the Gold Coast will host the AusIMM Underground Operators’ Conference 2017 (UGOPS2017).
Steelmakers have accused the four countries of dumping the steel used in construction and machinery so the European Commission, the trade policy watchdog, had set out plans to levy tariffs of up to 33 percent.
According to the World Coal Association, India will need to ally with countries including the US, Japan, and Australia, to get cheaper funding from multilateral development banks to access cleaner technology.
A TV ad featuring a famous radio broadcaster is pushing to ‘stop the taxpayer loan’ to the Indian group
The head of Finland’s energy department announced that the country will introduce legislation to phase out coal and increase carbon taxes
The company announced the appointment of Wallace Macarthur King as non-executive chairman of its board
Prices for iron ore and coking coal, the two key ingredients for steelmaking, are set to remain buoyant for the remainder of the year, Macquarie Bank predicted in a recent report.
Wayuu leaders traveled to Bogotá to protest against El Cerrejón, the thermal coal open-pit mine owned by Glencore, BHP Billiton and Anglo American
There's nothing in Dept of Energy's electricity grid reliability analysis that'll stop substitution of coal by natural gas and renewable energy says Moody's.
US Interior Secretary Ryan Zinke wants to speed up a two-year review of mining on more than 30,000 acres just north of the park.
Decision comes as the Swiss-based miner and commodities trader rethinks how to deploy capital as its cuts debt.
During winter and summer, power companies' coal inventories must be five to 10 days above normal levels.
Once the engine of the Industrial Revolution rooted in the UK, coal is now less popular than ever as an electricity source.
South Africa's government welcomes the sale to a Swiss-based firm for $225 million, citing the jobs the sale could save, the department of mineral resources said on Wednesday.
Chinese coal imports from key supplier Australia chalked up year-on-year gains for the second straight month in July, customs data showed, as local output of the commodity eased amid a crackdown on illegal mining and pollution.
Method is believed to deposit waste containing toxic minerals in ground waters.
Prices for the steelmaking material have increased almost 50% since its 2017 lows.
According to the Industrial Development Agency (ARP), net profit at Polish coal mines stood at 1.45 billion zlotys (US$400.06 million) in the first half of the year compared to a 800 million zlotys loss a year earlier.
After posting a fourfold rise in profits, world's number one mining company now "actively pursuing options to exit" its US oil and gas business bought for $20B six years ago.
Measure is part of a broader plan to restore profitability at the division, which saw adjusted operating profit fell by 37% in the second quarter of this year.
While Trump vows to save coal, many miners look elsewhere. Natural gas jobs don’t offer the same stability as coal did.
There are several encouraging signs for the mining outlook in Australia.