December 1, 2016

CHARTS: Death of the coking coal contract

Coking coal prices retreated on Friday, but only slightly, holding above $300 a tonne after two months of insane gains.

December 1, 2016

Glencore to resume dividend in 2017 as debt reduction on track

Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.

November 30, 2016

Study: Private capital investment in US coal is over

At over $43 billion, 2016 is set to be a record year for raising capital to invest in North America's energy sector, but not a single fund is targeting coal.

November 30, 2016

Scandinavian Biopower to invest in a biocoal plant in Mikkeli Finland – construction works to start late 2017

Scandinavian Biopower Oy, a 100% subsidiary of Dutch private equity investment company Momentum Capital, has made an investment decision to commission a biocoal plant in Mikkeli, Finland.

November 30, 2016

Mining accidents in China to spike as country digs more coal

In the last week alone, seven miners have been killed and 22 others remain trapped, following two accidents in local coal operations.

November 28, 2016

SEC said to be probing Rio Mozambique coal deal

World number two miner acquired Southern African coal assets for $3.7 billion in 2011 – sold it for $50 million three years later.

November 28, 2016

Trump infrastructure bump forecast for global economy

New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.

November 28, 2016

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.

November 27, 2016

CHART: Mining capex decline set to continue

Global miners have been cutting spending on new projects and expansions since 2012.

November 27, 2016

China risks wasting $490 billion on unneeded coal plants — study

Slowing power demand growth and low carbon capacity targets in China's latest five-year plan are found to be squeezing coal generation out of the power mix.