Coal Mining News

Rio Tinto pays biggest divvy in history as profit hits three-year high

Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.

Second accident in a week at a Sibanye-Stillwater mine kills two

Two employees were trapped underground and later died in a fall of ground incident at the company's Kloof gold mine.

Mining companies are suddenly positive on South Africa again

Cyril Ramaphosa isn’t even president yet and mining companies are already changing their tune on South Africa.

South32 prepares to spin off South African coal assets within six months

President and chief operating officer Mike Frasersaid company has received a number of offers for the assets, which it up for sale in November last year as part of a shift away from coal.

Sandvik invests $25 million to boost use of metal 3D printing

3D printing, also known as additive manufacturing, is a process of making three-dimensional solid objects from a digital file and Sandvik wants to use it for scale production.

Rio investors asked to push miner to leave Minerals Council of Australia

Australasian Centre for Corporate Responsibility says it needs 100 shareholders to co-file resolution at Rio’s upcoming annual general meeting.

Randgold doubles dividend as CEO charges against DRC mining code

Randgold boosted divvy to $2 a share, after a year of record production and soaring profits, but warned the good times may be over soon as it’s now facing demanding new regulations in Congo, one of its key jurisdictions.

The great coal mining jobs boom has been postponed

So far, repeal of the Clean Power Plan has not really equated with putting coal miners back to work, something Trump has pledged to do again and again.

Commodity boom has a dark side as cost creep erodes windfall

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.

Goldman all but says the mining supercycle is back

“The environment for investing in commodities is the best since 2004-2008” – Goldman Sachs

Coal snared in headwind as traders flee $300 billion market

The halcyon days of coal trading seem to be over as buying and selling of the world’s most widely used power-plant fuel plunged last year.

These are top-10 global mining trends expected for 2018

Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.

Rags to riches tale ends in disaster for ‘mini-Glencore’

Elman, 77, has watched another global commodity-trading powerhouse collapse before his eyes over the past year: his own.

Rio Tinto autonomous trucks now hauling a quarter of Pilbara material

The miner's autonomous haulage system (AHS) fleet has already moved over one billion tonnes of ore and waste material within the Pilbara region of Western Australia.

Appeal of $15m BC thermal coal terminal project rejected by court

The appeal against the terminal at Fraser Surrey Docks was made by two community groups backed by Ecojustice last week.

Union at Colombia's Cerrejon votes to strike after talks fail

Cerrejon accounts for 37% of the country's coal output, the world's fifth-largest exporter of the mineral, and a strike is likely to affect exports.

Anglo American exits South African coal with sale of New Largo mine

Last year, the miner sold other coal assets that exclusively supplied South Africa’s power utility Eskom, including New Vaal, New Denmark and Kriel collieries.

South Africa's RBCT says 2017 coal exports at record high

RBCT, Africa's largest coal export facility, said it aimed to export at least 77 million tonnes this year.

Union, Colombia's Cerrejon mine return to talks in bid to avoid strike

A 10-day voting period for union members to decide whether to stop work after failed talks ends on Monday afternoon.

Teck says Elkview incident to cost 200,000 tonnes in production

This comes a week after the miner reported a "significant pressure" event at the mine.

Canada’s Gahcho Kue diamond mine boosts Anglo American output, but copper flat

The company beat expectations on Thursday with a 5% increase in 2017 production.

Caterpillar beats estimates again, delivers bullish outlook for 2018

The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.

Rio Tinto and two former top execs must face fraud charges — SEC

SEC will push ahead with the prosecution of the company, former chief executive Tom Albanese and ex-chief financial officer Guy Elliott over alleged attempts to cover up multi-billion losses on a coal investment in Africa.

These are some of the top mining assets on the block

Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials.

Teck trades lower following mine explosion

The company reported a "significant pressure event" at its Elkview coal mine.