Coal Top Stories

Anglo American output in Q3 jumps, thanks to Collahuasi

Total production climbed by 24% from Q2 on the back…

PGE to invest $19bn to meet zero-emissions goal

Poland’s largest utility seeks to invest half of that amount…

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50,000 Chileans battle police against billionaire president

Reuters reports 50,000 protesters battled police in Chile's capital on Thursday, the second day of a two-day strike against unpopular President Sebastian Pinera. A recent poll put the right-wing leader's approval rating at only 26%, below even that of dictator General Pinochet, who ruled the country for 17 years from 1973. The protests follows recent strikes in the copper sector over pay and a campaign against a massive coal mine on an island in Patagonia amid accusations that billionaire Pinera’s shareholding in the developer, Copec, constitutes a serious conflict of interest.

BHP profit sparks call to toughen mining tax

Amid pressure from the Greens for the government to make the mining tax even harsher, the Prime Minister today urged Tony Abbott to force the mining industry to share the benefits of the boom. “Is this really a time for anybody to come to this parliament and say the MRRT should be opposed ... in view of the profitability of mines and the pressures we know are on other sections of the economy because of the high Aussie dollar?” she said. “That is a strategy for wrecking.”

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.