Shale Gas Mining News

BHP Billiton Foundation launches two new transparency projects

BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.

BHP hires Barclays, Citi for US shale gas divestment — sources

The business could fetch around $10 billion, two banking sources said.

Elliott's BHP adventure pays dividends, but not total victory: Russell

It's tempting to think that BHP Billiton has caved into demands by activist investor Elliott Advisors by agreeing to sell its U.S. onshore oil and gas business and by boosting the returns to shareholders.

EPA to scrap Obama-era rule limiting water pollution from coal-fired power plants

The move comes only five months after President Donald Trump signed an executive order undoing the previous Administration’s Clean Power Plan.

CHARTS: Mining once again one of biggest drivers of US economy

Value added brought by the mining sector grew by more than 21% in the first three months of the year — the largest increase since the fourth quarter of 2014.

Trump goes after another of the Obama-era protection rules to favour miners

The US administration will review federal plan to protect the dwindling population of greater sage grouse in 11 western states.

Coal mine openings in the US inject some hope into beleaguered sector

Corsa Coal’s Acosta Deep mine, to begin operations in June, will create about 600 jobs.

China successfully mines flammable ice from the South Sea

During the mining trial done at a depth of 4,153 feet, engineers extracted each day around 16,000 cubic metres of gas, with methane content of up to 99.5%.

BHP’s Mackenzie, Elliot Management face off

US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.

BHP ditching 'Billiton' in $10 million rebranding move

Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.

Another BHP investor pressing for oil spinoff, board shake-up

The miner faces another shareholder revolt as Australia’s Tribeca has joined calls by US activist investor Elliott Management for an exit from shale to free up capital.

BHP puts US shale assets back on the block amid investors pressure

The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.

BHP top shareholders step up pressure for oil spinoff

They're pressing the company not only to accept a proposal by activist investor Elliott Management to spin off its US petroleum business, but to fully demerge all of its oil and gas assets.

BHP brands Elliott's overhaul proposals as flawed, costly

Activist investor Elliott's proposals to break up BHP are riddled with “major flaws” and could end up costing far more to implement than they would save, the company said.

BHP Billiton to escalate defence from Elliott with Goldman’s help

Analysts expect BHP to argue that a demerged petroleum business would need to fund offshore growth projects by raising debt. It may also contend that a stand-alone division won’t have the same ability to defer production until oil prices improve.

BHP rejects activist fund Elliott urge to spin off US oil assets

Company says the associated risks of spinning off about $22 billion of its US oil assets and listing them in New York would significantly outweigh any potential benefits.

Trump signs executive order undoing Obama's clean power plan

He has instruct has ordered the Environmental Protection Agency (EPA) to review and rewrite it.

BHP Billiton back into the black, pays higher-than-expected dividend

Net profit was $3.2bn for the six months to December 31, compared with a loss of $5.7bn in the same period a year earlier.

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.

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 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.

US EPA says fracking can impact drinking water resources

The agency said such statement, however, cannot become a “national, systemic conclusion” about the impacts of the oil and gas extraction method.

Alpha Natural execs. face fraud charges for failing to disclose $100M in liabilities

Regulators argue the undisclosed liabilities increase the probability that the state will be left with claims under the surface-mining and other environmental laws.

South32 scoops up Peabody's Metropolitan coal mine in $200m deal

The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.

Peabody Energy in restructuring talks with lenders, stakeholders — sources

Peabody circulated a term sheet last week that implied the first lien debt would be impaired, prompting an organizational push, MINING.com has learned.