Coal Mining News

Russian ministries reject proposed windfall tax on metals and mining firms

Russian government ministries have agreed that a proposed windfall tax on metals, mining and chemical companies was inappropriate.

No matter how many leaders Australia knifes, renewable energy will still win: Russell

The problem for Australia is that this isn't something being imagined, it's the reality of a country that can't find political and social consensus on climate politics and the role of its vast reserves of coal, natural gas and even uranium.

Merkel allies pile on the pressure to keep coal plants running

Germany’s states are upping pressure on Chancellor Angela Merkel to keep coal-fired power for as long as 30 years as the nation approaches a deadline for setting an exit date from the fossil fuel.

Trump promised to bring back coal – It's declining again

Nineteen months into his term, there’s little improvement.

Trump to relax carbon limits on power plants to support US coal

The new plan would hand authority to states to create narrower rules to limit greenhouse gas emissions from coal-fired plants.

BHP annual profit jumps 33 percent, misses forecast

Analysts thought profits would reach $9.27 billion.

L&M Coal Holdings wins $40m NZ high court action against Bathurst Resources

LMCH successfully argued that further payment for West Coast coal assets that it sold to Buller in 2010 in a deferred settlement agreement was due because Buller had triggered agreed production levels.

India's surging coal imports driven by captive power users: Russell

India's coal imports appear headed for another strong month in August, raising the question as to why the usually cost-sensitive market hasn't scaled back purchases given a surge in prices to the highest in nearly seven years.

Turkey tariffs hike on US goods threatens country’s coal imports — WoodMac

Wood Mackenzie predicts that, in the short term, demand for coal will fall due to its higher prices. In the longer term, the new tariffs will slow Turkish economic growth and with that, further weaken the demand for coal.

Abuse of power: Debunking the Trump administration’s national security argument for coal

Recently, administration officials have selectively targeted natural gas and renewable energy generation resources, falsely claiming they pose greater risks.

US to allow mining on land removed from monuments

The US Bureau of Land Management has announced plans to allow increased mining on land that once belonged to two national monuments Donald Trump shrank.

Japan utilities, Glencore set annual coal contract at $110/T

Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2019 at $110 a tonne.

How Canada’s mining sector impacts the economy

Canada is one of the world’s largest exporters of minerals and metals, supplying approximately 60 different mineral commodities to over 100 countries.

Seven die in Pakistan mine blast, six missing

A mine explosion in Pakistan's southwestern city of Quetta killed at least seven coal miners, a mining official said on Monday, with authorities expecting the death toll could rise.

Humiliated for years, women are fighting back in Chile's mines

Mining companies around the globe are joining an industrywide push for gender equality and launching initiatives to increase the proportion of women working in mine pits, smelters and refineries.

Shanghai rebar dips from 6-yr high; tradespat escalates

Rebar open interest falls to lowest in 4 months.

Coal miners to see improved finances: Fitch

The market research firm states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong.

USTR reviewing Turkey's trade preferences after tariff retaliation

Imports of jewelry, precious metals and stone products would be under the microscope.

China's Shandong province cuts steel and coal capacity in environment plan

Shandong's Environmental Protection Bureau said it would cut pig iron production capacity by 600,000 tonnes and crude steel by 3.55 million tonnes by the end of this year.

Rio Tinto down despite $7.2bn cash return to investors

Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.

Arch Coal is the incredible shrinking miner

Despite President Donald Trump’s repeated assertions of its bright future, coal mining is a dying industry and the secret to a long life in this twilight era is accepting mortality.

BHP, Rio deals show lack of options beyond shareholder returns: Russell

BHP Billiton last week agreed to sell its U.S. shale oil and gas assets for $10.5 billion, while Rio Tinto appears on track to exit its troubled investment in the giant Grasberg copper and gold mine in Indonesia for about $3.5 billion.

Indonesia unlikely to change coal supply, pricing rules until 2019

Any revisions would need to be discussed with the coal and power industry beforehand, and any impacts on state revenue would need to be calculated.

Anil Agarwal given more time to make firm offer for Vedanta Resources

He has been given more time to make a firm offer or walk away from a deal to buy out minority shareholders in Vedanta Resources for 778 million pounds ($1 billion).

Caterpillar says tariffs will wipe out up to $200M

Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.