Coal Top Stories

Hundreds of coal companies got $170 million in US virus aid

A total of 449 coal companies received funds through the…

Monster rally adds $250 billion to global top 50 mining companies

Gold and iron ore price rally sees value of world's…

Latest Stories

Record profit means BHP still has $60 billion left for expansion after Petrohawk deal

BHP Billiton reported record annual results and beat analyst estimates in the process, after prices of copper, iron ore and coal reached all-time highs because of demand from China. Profit at the world's biggest miner surged 86% for the 12 months $23.6 billion, a full $1.4 billion ahead of expectations, on the back of earnings from iron ore, its biggest division, which jumped 122% to $13.3 billion.

Australian takeover target Macarthur Coal almost doubles annual profit to $253 million

Macarthur Coal Ltd. has nearly doubled its full year profit and repeated its advice to shareholders to reject a takeover offer from U.S energy giant Peabody Energy Corp. and Luxembourg-based steelmaker ArcelorMittal. The company's 241 million Australian dollars ($253 million) profit for the fiscal year through June announced Wednesday was up 93 per cent from AU$125 million in the previous year despite reduced production due to record rainfall.

26 trapped in China coal mine

Twenty-six miners remained trapped Tuesday in a flooded coal mine in northeast China, Xinhua reported. The illegal coal mine in Boli county of Heilongjiang province belonged to the Hengtai Coal Mining Co. Ltd.

BHP rules with iron fist

Mining giant BHP Billiton has defended as "effective" its strict office etiquette policy, which bans workers from eating pungent food, throwing jackets on their chairs or leaving Post-it notes on their monitors or keyboards after hours. The company outlined its "Office Environment Standard" in a memo emailed to employees in Brisbane this month.

US coal exports up 35% through mid-year; likely to top 100 Mt in 2011

US coal exports increased 35% to 53.6 million short tons through June 2011, according to a recent edition of NMA’s (National Mining Association) International Coal Review. Strong demand from Asia and Europe for steam and metallurgical coal is expected to push coal exports above 100 million tons by the year’s end, the highest level in nearly 20 years. NMA’s economic forecast prepared in May predicted 2011 coal exports would reach 101.5 million tons (up 24%).

Sensidyne releases new coal mine safety instrument

Sensidyne, LP, a leading manufacturer and supplier of industrial health and safety equipment, releases the CDEM-1000 for sale. The Sensidyne CDEM-1000 Coal Dust Explosibility Meter is a portable, handheld, easy-to-use instrument, designed to provide a direct indication of the potential explosibility of a coal and rock dust mixture in accordance with Title 30, Code of Federal Regulations, Part 75.403.

Xstrata’s huge thermal coal project being challenged in Australian court over impacts to Great Barrier Reef

Lawyers for Swiss mining giant Xstrata are in court today defending a massive coal project slated for Queensland. The AU$6 billion Wandoan coal mine has come under fire by environmentalists for its potential negative effects on the Great Barrier Reef. Bloomberg reports that Friends of the Earth, an international environmental lobby group, is attempting to block the mine’s approval at a trial in Brisbane that’s scheduled to take two weeks, arguing the coal exported from the project and burned overseas will add to global warming.