Coal Top Stories

Glencore posts $2.6 billion loss, scraps dividend

The miner and commodities trader will focus on debt reduction.

Global coal power falls for first time even as China builds more

The net decline of 2.9 gigawatts may be small, but…

Latest Stories

BHP profit to top $2.5 million per hour

The market is expecting BHP Billiton to post record-setting annual profits of $US22.1 billion next week on revenues forecast to be a staggering $71.9 billion. BHP investors, whose stock has hardly moved in a year despite stellar growth rates at the Melbourne-based company, would want to hear if another share buyback will follow the $10 billion round completed in June and any update on its purchase of Petrohawk. The world's biggest miner has a history dating back 150 years and its operations span the globe from potash in Canada (pictured) and coal in South Africa to nickel in Australia and copper in Chile.

10 die in China coal mine blast

A blast in a coal mine in China killed 10 people, officials said Monday. The blast, due to accumulation of gas inside the mine, took place Sunday night in southwest Guizhou province, Xinhua reported.

Fans curious to know if ‘Coal’ will return to TV

Even without a television crew filming every move they make underground, the coal miners who work at Cobalt Coal's Westchester Mine in Big Sandy are running coal and getting better at it according to Mike Crowder, Cobalt's chief executive officer.

Film mines rich seams of history

Hiroko Kumagai will never forget the day in 1998 when she first stepped inside the red-brick building at the entrance to the closed and shuttered Miyahara shaft in the Miike coal mine. Image from YouTube

Casualties from coal mine explosions fall sharply in China

The number of deaths caused by coal mine gas explosions in China declined sharply during the first half of this year, coal mine safety authorities said. A total of 245 people died in 62 gas explosions that occurred between January and June this year, a year-on-year reduction of 31.2 and 25.3 percent respectively, the State Administration of Coal Mine Safety said.

China demand for resources to rise

China will need large quantities of Australian raw materials as its industrialisation and urbanisation race ahead, despite concerns about weak global economic conditions, Australian Trade Minister Craig Emerson said on Friday. Emerson also hinted that a fall in the Australian dollar amid the volatility that has jolted global financial markets for the past week was good, saying its strong currency had hurt manufacturing and exporters.

Forbes Coal reports first quarter 2012 run of mine production of 311,000 tonnes, a 45 pct increase over three months ended February 28, 2011

Forbes & Manhattan Coal Corp.announced its first quarter financial results for the three months ended May 31, 2011. First quarter financial highlights were the following: revenue of $19.6 million; gross profit of $4.2 million; and consolidated EBITDA of $5.6 million and Slater Stand Alone EBITDA of $6.2 million (see non- GAAP measures); and cash and cash equivalents of $19.8 million. The average monthly revenue for the first quarter 2012 was $6.5 million. In fiscal 2011, from the date of acquisition to February 28, 2011 (a seven month period), average monthly revenue was $3.9 million. This represents a 65% increase in average monthly revenue.