Coal Mining News

Global coal mining industry sees compound annual growth

The global coal mining market is growing, with a CAGR of close to 2% from 2018-2022.

Proxy adviser PIRC tells shareholders to oppose BHP Billiton's remuneration report

PIRC has recommended that BHP Billiton shareholders oppose the mining company's remuneration report at its AGM on Oct. 17

Dalian iron ore hits nearly 3-week high on restocking outlook

Steel mills have restocking demand after holiday break - analysts.

War on coal is heating up, but China is still the key

The IPCC report highlights that coal now has its back very much against the wall, but equally that the real power for change lies in Beijing.

EU's biggest coal-mining nation plans output hike to cut imports

Poland plans to boost output of coal by about 10 percent in the next several years to cut down on imports, which are set to jump to a record this year.

On-and-off wind and solar power pushing coal plants to the brink

Operators ramp it down and then bring it back up again. That’s not how coal-fired power plants are supposed to be used.

Vitol, Trafigura to bid for coal mines once owned by Guptas

Bids for Optimum are expected to be finalized by the end of November, with due diligence starting on Monday.

Balking miners jeopardize $2.8B Mozambican coal rail

Failing to get the project off the ground would deprive Mozambique of a source of revenue it’s come to rely on. Coal is Mozambique’s biggest export.

Glencore, Tohoku Electric set coal contract price at $109.77/T

The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.

South Africa's Exxaro eyes South32's coal assets, export quota

South African miner Exxaro is eyeing South32's local coal assets, which include an export quota, as it looks to increase its exports.

Coal reaching $100 a ton in Europe boosts greener alternatives

Coal’s push to $100 a ton in Europe may benefit the greenest energy providers more than it does for miners.

South Africa’s latest mining charter: what's new and who wins

New Mining Charter seeks to reduce uncertainty and boost investment in the sector.

China won’t renew coal, steel output restrictions amid trade war

This winter, regulators are replacing hard caps on coal use and steel production with less strict targets.

Scientists weigh call for much deeper cuts to coal pollution

Coal currently feeds about 27% of the world’s energy demand.

Metallurgical coal prices starting to slip: Fitch

Fitch suggests that miners' focus would probably be on cost controls.

Greece expects one-month extension in coal-fired plants tender

Greek utility Public Power Corp. (PPC), which is 51 percent state-owned, is selling three coal-fired plants and one still to be built.

China adopts more flexible output curbs to battle winter smog

Northern China’s key industrial hub will adopt a more flexible program for its anti-pollution output curbs this winter.

Czech coal baron says island home protests are PR stunt by rival

Zdenek Bakala claims the people who marched through the streets of the coastal Hilton Head Island resort chanting “Bakala is a creep! He’ll steal your home while you sleep!” were actually paid by a rival to harass him.

Indonesia 2018 coal output target now around 507m tonnes – Energy Ministry

Indonesia has increased its 2018 coal production target to around 507 million tonnes from a previous target of 485 million tonnes which may add to downward pressure on prices for the fuel.

Appalachia's alarming rise in black lung disease: editorial

By now, black lung disease was supposed to have mostly gone away. The coal industry was supposed to have improved air quality in the mines enough to prevent miners from inhaling the coal dust that inflames, stiffens and blackens their lungs.

Coronado kicks off $950m IPO, Australia's top coal float in 6 years

Coronado files IPO prospectus, sets A$4-A$4.80 price range.

Germany's move to scrap coal is said to boost cost for taxpayers

Chancellor Angela Merkel’s plan to close Germany’s remaining coal-fired power stations will drive up subsidies for regions that mine the commodity.

Peabody Energy to buy Alabama coal mine for $400 million

The transaction involves the purchase of Shoal Creek metallurgical coal mine, preparation plant and supporting assets, excluding legacy liabilities other than reclamation.

Rio Tinto’s exit from coal pays off, to return $3.2B from sales proceeds to shareholders

The fresh round of returns follows Rio’s promise in August to give shareholders up to $7 billion through dividends and share buybacks.

Coal exports from top shipper hobbled with miners facing constraints

Coal exports from Indonesia will be restrained this year, which could frustrate a plan by the government to ease a burgeoning trade deficit.