Coal Top Stories

Mine collapses after heavy rains in Pakistan, killing 5

A mine collapsed after heavy rains in northwest Pakistan, killing…

Blankenship may face $28 million fine for coal mine disaster

Donald Blankenship, the former CEO of now-defunct Massey Energy, is…

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Teck announces coal shipment with Westshore

Teck Resources Limited ("Teck", TCK.A and TCK.B, NYSE: TCK) announced today that it has reached agreement with Westshore Terminals Limited Partnership ("Westshore") on terms for the shipment of steelmaking coal from Teck's mines in British Columbia and Alberta for a four year term from April 1, 2012 to March 31, 2016. The new agreement envisions Teck shipping 16 million tonnes of coal in the initial contract year, and larger amounts in subsequent years when Teck's production is scheduled to increase, all at fixed rates through Westshore.

New South African state mining company to begin coal production by June: CEO

South Africa’s state-owned African Exploration, Mining and Finance Corp. said it will start producing 800,000 metric tons of coal annually for domestic electricity provider Eskom Holdings Ltd. by June, Bloomberg News is reporting: The company, jointly controlled by the government’s energy and mining ministries, will spend 130 million rand ($18.5 million) building a coal mine in Vlakfontein, about 80 kilometers east of Johannesburg, Chief Executive Officer Sizwe Madondo said at the site today. Production will be increased to 1.68 million tons, with the option of boosting it further to 3 million tons annually, he told hundreds of local residents.

Anglo American reports jump in net profit to $6.54bn

The group announced better-than-expected results for the year on the back of higher prices and said it remains positive about the outlook for commodities markets. Anglo American (AAL.L: Quote) (AGLJ.J:Quote), the world's fourth-largest diversified miner,