Coal Mining News

Did this financier just call the end of the mining rally?

Private equity firm Orion selling $1 billion worth of royalty, streaming and offtake assets covering gold, silver, base metals and diamonds.

Here’s what miners should expect and do in 2017

While companies face different outlooks and challenges depending on the commodity they mine and their size, Deloitte says they should all should be looking for the answer to one common question — “Going forward, where should we play and how can we win?"

BC annual mineral exploration conference reflected a turnaround for the industry

Minerals and metals prices are rising, investor confidence in the majors is returning, and those majors are keen to restock depleting minable reserves.

Deutsche Bank won’t finance any coal projects any longer

It has decided not to finance any greenfield thermal coal mining or coal-fired plants and it will also reduce its existing exposure to the sector.

US mines produced an estimated $74.6 billion in minerals last year

The country, however, was 100% import reliant on 20 mineral commodities, including rare earths, manganese and niobium, which are among a suite of materials often designated as “critical” or “strategic.”

Frank Holmes: Time to grab the commodity bull market by the horns

Frank discusses the gold and bond markets and how they have been driven by global uncertainty.

Ingenious clean coal plant could give new life to coal

NRG Energy and JX Nippon Oil & Gas Exploration Corp. have successfully developed a power plant that runs entirely on clean coal.

South Africa blames AngloGold, Sibanye of refusing to comply with safety laws

Mines minister Mosebenzi Zwane noted that 19 of the 73 miners who died in South Africa last year lost their lives at operations run by those companies.

Copper takes some shine off Anglo American’s results

The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.

Anglo’s Kumba Iron Ore just got a lot more attractive to potential buyers

The company, Africa's largest iron ore producer, expects profits to more than double this year on the back of higher iron ore prices and a weak rand.

US withdrawal from TPP to impact steel sector — Wood Mackenzie

Steel the US has traditionally exported to TPP countries is high in value–added, which is exactly the kind of product that helps keeping the high-cost local steelmaking business afloat, analysts warn.

BHP iron ore output breaks records

But the world's number one miner cuts full-year copper production guidance.

You can trust official Chinese GDP growth numbers – for now

But at 6.8% in the fourth quarter China's economy "is now expanding faster than is sustainable" says new report.

China's Yancoal grabs Rio Tinto’s coal mines in $2.45bn deal

The world’s second-largest miner has agreed to sell its Coal & Allied Industries Ltd. subsidiary to Yancoal Australia Ltd., controlled by China's Yanzhou Coal Mining.

Trump’s energy policy to focus on boosting fracking, reviving coal sector

US President Donald Trump has outlined his goals in terms of energy and mining, leaving out specifics about how exactly he aims to achieve them.

Coking coal price still falling

Met coal prices are already down 23% in 2017 as US producers plan to add 9m tonnes to export market.

Troubling contradictions in Trumponomics

Markets are expecting a Trump economic miracle with real GDP growth estimates of 4% per year and more. The cheerleaders cite tax cuts, infrastructure spending and deregulation unleashing a wave of new economic activity. But that's not where growth comes from, argues Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, as they discuss some basic contradictions in Trumponomics.

Infographic – The history of solar energy, going back to 4,000 B.C.

Harvesting the power of the sun has been a human endeavor since the beginning of civilization.

US coal industry to decline even further in 2017 — IEEFA

Despite a spike in coal prices last year and promises of better times ahead for the sector by President-elect Donald Trump, the US coal industry will face further hardship this year, a new report argues.

US mining and voters in sync re job creation, economy

Polling of 1,991 registered US voters show they want the local mining industry to generate jobs, help the economy.

Rio Tinto, Chinalco put an end to copper joint venture

The amicable divorce ends a six-year-old exploration joint venture originally set to find copper deposits in China.

BC court fight over treaty vs mineral rights

Companies claim land transfer is de facto expropriation without consultation.

Mining production increases spell good news for suppliers

For companies servicing the mining sector, project opportunities have declined significantly in the past few years.

US Gov’t mulls raising royalties for coal mining in public lands

The Obama administration has called for a broad array of reforms to its coal-leasing program, including royalty rates increases.

DRC says Ok for Glencore to take full control of Mutanda copper mine

Mines Minister Martin Kabwelulu said he “didn’t believe” the government needed to authorize changes in ownership in that or any project.