Coal Mining News

South Africa to debate whether to split Eskom – Gordhan

The fiscus doesn’t have space for endless bailouts.

Rethinking mining strategies among the top-10 global trends to shape 2019

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.

In Germany's plan to phase out coal, a big polluter will benefit

“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.

Slow growth for Europe's mining sector — report

In Q2 2019, analysts expect investment levels across the European mining sector will be sluggish.

Workers at Prodeco's Colombia coal port vote down proposed strike

Only eight out of 115 workers voted in favor of a strike, much less than the overall worker majority required for a legal strike.

India's 2018 thermal coal imports grew at fastest pace in 4 yrs – sources

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.

Colombia extends Drummond contract on coal mine for 20 years

The contract will generate at least $586 million in royalties, income and social project investment during its lifetime.

Small group of Prodeco's Colombia coal port workers to vote on strike

It is improbable that a strike would have an impact on total exports.

Indonesia releases new rules on export revenue repatriation

"It feels like the penalties are not balanced" - Hendra Sinadia, Indonesian Coal Mining Association.

South Africa's RBCT says 2018 coal exports fall

"The markets are a reality, they are outside RBCT's control" - Nosipho Siwisa-Damasane, RBCT chairwoman.

Anglo American rides out iron ore hitches in strong 2018

Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.

New report highlights potential for advanced coal technologies in the US

"The government should be doing more to incentivize the use of advanced coal technologies” - Hal Quinn

Loophole lets Norway's $1 trillion fund boost its coal exposure

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.

Miners try to move away from fossil fuels — report

A research report by Wood Mackenzie states that electrification and automation will be a key priority for global mining companies.

To meet climate goals, world urged to reuse natural resources

"It is like when you look in your closet on a morning and you only look for pants"

China's coal output hits highest in over 3 years as mines start up

"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

Record $93B private capital flows into natural resources

But only sliver of funds raised destined for mining and metals

Germany's 2019 hard coal imports seen rising after mining ends

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.

China’s slowdown is miners' single biggest fear this year — report

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.

Mining the Americas in 2019 — a forecast

Canada's cobalt sector and Ecuador's budding mining sector for copper and gold will be investment hot spots.

Australia’s South32 Q2 metallurgical coal production nearly doubles

Production of coking or metallurgical coal rose to about 1.6 million tonnes in the December quarter.

China’s latest mine collapse could cut coal capacity by 100mtpa

Coal prices in Shenmu and Fugu have increased by RMB10-50/t since the accident.

Electric cars seen getting cleaner even where grids rely on coal

The global share of zero-carbon electricity generation is set to increase from 38 percent last year to 63 percent by 2040.

Project Halo rejects favouritism claims in Optimum coal mine buy

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.

China's 2018 iron ore imports fall 1%, first annual drop since 2010

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.