November 7, 2016

Chinese coking coal futures hit the roof

The most-traded coking coal for January delivery on the Dalian Commodity Exchange soared 10% to 1,516 yuan ($224) a tonne, a record high.

November 4, 2016

South32 scoops up Peabody’s Metropolitan coal mine in $200m deal

The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.

November 4, 2016

CAT and Trimble to strengthen mining technology collaboration

As part of the deal, CAT is expected to become the primary sales, marketing, distribution and support channel for Trimble’s Connected Mine platform.

November 4, 2016

6 reasons coking coal price will tank

Number 1: Producers have negotiated quarterly contracts $70 below the spot price.

November 3, 2016

Luxembourg shoots for the stars, invests $28 million in Planetary Resources

The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.

November 3, 2016

Glencore did better as commodity trader than miner in Q3

While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.

November 2, 2016

Coal price rally bypassing US miners

As seaborne coking (up 227% year-to-date) and thermal coal (up 128%) continue to rally, decline in US domestic prices, exports resume long-term down trend.

November 1, 2016

Glencore to reopen yet another coal mine in Australia

The move comes only a few days after it resumed operations at Collinsville mine in Australia's Queensland state.

November 1, 2016

15 dead, several trapped in coal mining explosion in western China

China's coal mines continue to be among the deadliest in the world.

October 31, 2016

Changes to the Kumba Board

Kumba is pleased to announce the appointments of Ms Nonkululeko Dlamini (nee Veleti) and Mr Seamus French as non-executive directors to the Board, with effect from 1 November 2016.