Coal Top Stories

BHP to steer mining lobby groups’ climate change policies

Company said it will closely monitor the work of industry…

New South Wales greenlights Vickery coal mine expansion

The approval comes with 184 conditions aimed at mitigating environmental…

Latest Stories

SinoCoking Coal and Coke Chemical Industries, Inc. announces Hongchang and Xingsheng coal mines cleared for resumption of operations

SinoCoking Coal and Coke Chemical Industries, Inc. (Nasdaq: SCOK) (the "Company" or "SinoCoking"), a vertically-integrated coal and coke processor, today announced that Hongchang and Xingsheng coal mines have been cleared to resume operations at full capacity. The Hongchang mine has been operated by Baofeng Hongchang Coal Co., Ltd., a subsidiary of Henan Pingdingshan Hongli Coal & Coke Co., Ltd. ("Hongli"), which the Company controls through contractual arrangements. Baofeng Xingsheng Coal Mining Co., Ltd. ("Xingsheng"), of which 60% equity interest is now registered to Hongli, has been operating the Xingsheng mine.

Rio in joint bid for coalminer

Rio Tinto and Mitsubishi are being pressured to offer a special dividend to seal a $1.49 billion attempt to mop up the shares of 150-year-old Hunter Valley miner Coal & Allied that they don't already own. The pair, which already have a combined 85.91 per cent stake in the target, made an indicative offer of $122 a share to Coal & Allied's independent directors on the weekend.

Harsh times in Vancouver Island’s coal mining past

The Times Colonist has a look at the history of coal mining on Vancouver Island starting in 1912 and writing that the troubles started in Extension, a small mining community a few kilometres south of Nanaimo. Two coal miners were fired when they complained to management that unacceptable levels of explosive gas existed at the coal face. One of the workers headed north seeking a job in the mines of Cumberland only to find he had been blacklisted - not just in Cumberland but throughout Vancouver Island. Their memories of a seemingly endless stream of disasters, from single deaths to the 150 dead in the Nanaimo No.1 mine explosion and fire in 1887, kept them implacable in their demands for greater safety.

World’s top miners worry most about greater government control

Dow Jones reports resource nationalism is the top business risk for the top 30 global miners, while supply capacity constraints ranging from skills shortage to infrastructure bottlenecks continue to dominate the top ten list, according to an annual survey by consultants Ernst & Young. Resource nationalism jumped to the top of the list this year from fourth in 2010 after 25 countries announced their intentions to increase their take of the mining industry's profits and others contemplate outright nationalization. Fraud, bribery and corruption sneaked onto the list of top concerns for the first time as a number of countries introduce or tighten rules for executives operating in countries that rank high on corruption indices.

Mining companies buying up prime farmland across Queensland, despite public opposition

Mining and energy firms have swooped to buy more than 390,000ha across Queensland Australia despite almost unanimous opposition to the sell-off of prime farming land. In the Surat Basin west of Brisbane, small farming communities have been decimated as the race for mining riches forces families off properties after decades of working the land. Fears over the impact of the mining squeeze on communities prompted angry locals to rally at Oakey, while an inquiry has been announced by the New South Wales Parliament into the environmental impacts of the coal seam gas industry.

Navajo Nation and Peabody Energy settle $600 million lawsuit after 12 years

The Navajo Nation's allegations that a coal mining company conspired with others to cheat the tribe out of as much as $600 million in royalties was settled in federal court on Thursday. The tribe sued what is now Peabody Energy in 1999. The terms of the agreement are confidential. The US Supreme Court ruled against the Navajo in a similar lawsuit filed against the federal government. Peabody has operated through a business partnership with the Navajo Nation and the Hopi Tribe for more than 40 years in Northeastern Arizona.