The fiscus doesn’t have space for endless bailouts.
Coal Mining News
Mining companies now need to determine how to operate in a market that is characterized by rising stakeholder demands, a widening talent gap, as well as dwindling access to key inputs such as energy and water, says Deloitte in its latest annual report.
“We believe that clarity, compensation payments, and a relatively long phase-out period should trigger a re-rating for the company’s conventional power generation,” said analyst Guido Hoymann.
In Q2 2019, analysts expect investment levels across the European mining sector will be sluggish.
Only eight out of 115 workers voted in favor of a strike, much less than the overall worker majority required for a legal strike.
Analysts say they expect India to be a key market for global miners in 2019 as China's "war on pollution" will lead to lower demand from that country.
The contract will generate at least $586 million in royalties, income and social project investment during its lifetime.
It is improbable that a strike would have an impact on total exports.
"It feels like the penalties are not balanced" - Hendra Sinadia, Indonesian Coal Mining Association.
"The markets are a reality, they are outside RBCT's control" - Nosipho Siwisa-Damasane, RBCT chairwoman.
Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.
"The government should be doing more to incentivize the use of advanced coal technologies” - Hal Quinn
Norway’s massive sovereign wealth fund has increased its exposure to coal reserves even after imposing restrictions on investing in the fossil fuel according to a report.
A research report by Wood Mackenzie states that electrification and automation will be a key priority for global mining companies.
"It is like when you look in your closet on a morning and you only look for pants"
"It is now possible that Shaanxi will implement the strictest-ever regulations on illegal production, which would significantly reduce output in the province for the year," - Wood Mackenzie
But only sliver of funds raised destined for mining and metals
Germany is expected to import 45 million tonnes of hard coal this year, up roughly 1.4 percent from 2018 despite mounting competition from renewable energy.
Based on answers from 51 senior executives, lawyers White & Case say that trade tensions are the second largest challenge for the mining industry in 2019 and reveal what the underlying full-picture looks like.
Canada's cobalt sector and Ecuador's budding mining sector for copper and gold will be investment hot spots.
Production of coking or metallurgical coal rose to about 1.6 million tonnes in the December quarter.
Coal prices in Shenmu and Fugu have increased by RMB10-50/t since the accident.
The global share of zero-carbon electricity generation is set to increase from 38 percent last year to 63 percent by 2040.
The South African consortium distanced itself from allegations that it is linked to the Gupta family, the previous owner of Optimum coal and other two assets.
The fall in iron ore purchases for 2018 came as a 70 percent plunge in profit margins since late October cut the incentive for steelmakers to ramp up output and restock raw materials.