Peabody Energy to buy Alabama coal mine for $400 million
The transaction involves the purchase of Shoal Creek metallurgical coal mine, preparation plant and supporting assets, excluding legacy liabilities other than reclamation.
Latest Stories
China’s Ganfeng Lithium lands three-year contract to supply Tesla
Deal will see China’s No.1 producer of lithium supplying 20 percent of its production to the electric cars maker.
Paulson joined by 15 investors in council to oversee gold miners
The billionaire hedge-fund manager has formed a coalition with 15 other founding members aimed at curbing years of what his hedge fund has called value destruction in the gold sector.
Colombian court hands major win to South32, won’t have to pay damages
But the court upheld part of the previous ruling requiring the miner to re-apply for its environmental licensing and start a community consultation process.
BHP’s Spence copper mine in Chile partially closed following fire
A fire at its Spence copper mine in Chile had forced it to partially shut down operations. No one was injured in the fire, which has since been extinguished.
Central bank demand for gold reaches 3-year high
Egypt recently bought gold for the first time since 1978, India, Indonesia, Thailand and the Philippines have re-entered the gold market after years-long absences.
Three dead, several injured after attack at Continental Gold site in Colombia
This is the second time this month the Toronto-based miner mourns the death of staff members in Colombia.
South Africa’s cabinet approves new mining charter
The mining charter was introduced to redress the exclusion of black people in the mining sector under apartheid.
BHP seeks approval for $50m US pact over fatal Brazil dam burst
It would resolve shareholder claims stemming from the Nov. 5, 2015 bursting of the Fundão dam in Minas Gerais run by Samarco.
