Arch Coal is the incredible shrinking miner
Despite President Donald Trump’s repeated assertions of its bright future, coal mining is a dying industry and the secret to a long life in this twilight era is accepting mortality.
Latest Stories
Battery chemical surplus sparks plunge in cobalt price
A surplus of cobalt chemicals used to make the rechargeable batteries that power electric vehicles has seen Chinese refiners switch to producing metal, sending prices down 30 percent in recent months.
McEwen Mining posts loss on strong investment to grow key assets
The Canadian precious metals miner logged a $10.6-million net loss for the first half of the year following a $49-million investment in its Gold Bar, Black Fox and Los Azules projects during the period.
A turbulent year for alumina market could get still worse
Alumina is having a turbulent year.
Glencore’s cobalt output up by almost a third thanks to Congo mines
Glencore is the world’s No. 1 cobalt miner, while Congo is the largest producer of the key component for batteries that power electric vehicles.
Fresnillo soars despite profit drop on Silverstream revaluation
Silverstream valuation had an adverse effect on profit before income tax, which came down 16.6% to $323 million.
BHP, Rio deals show lack of options beyond shareholder returns: Russell
BHP Billiton last week agreed to sell its U.S. shale oil and gas assets for $10.5 billion, while Rio Tinto appears on track to exit its troubled investment in the giant Grasberg copper and gold mine in Indonesia for about $3.5 billion.
De Beers ready to begin South Africa’s Voorspoed mine closure
The failed plan was to find an operator with a lower cost structure or a different mining approach that would be able to take over and extend Voorspoed’s life.
Lucapa’s mine in Lesotho continues to yield special diamonds
The 11.88-carat diamond was recovered from the North zone of the Mothae diamond mine.
