lunes, 4 de septiembre de 2017

Australia’s Blair Athol coal mine ramps up production

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Tuesday 5 September 2017
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The company announced the appointment of Wallace Macarthur King as non-executive chairman of its board

The head of Finland's energy department announced that the country will introduce legislation to phase out coal and increase carbon taxes

Prices for iron ore and coking coal, the two key ingredients for steelmaking, are set to remain buoyant for the remainder of the year, Macquarie Bank predicted in a recent report.

Wayuu leaders traveled to Bogotá to protest against El Cerrejón, the thermal coal open-pit mine owned by Glencore, BHP Billiton and Anglo American

There's nothing in Dept of Energy's electricity grid reliability analysis that'll stop substitution of coal by natural gas and renewable energy says Moody's.

US Interior Secretary Ryan Zinke wants to speed up a two-year review of mining on more than 30,000 acres just north of the park.

Decision comes as the Swiss-based miner and commodities trader rethinks how to deploy capital as its cuts debt.

Prices for the steelmaking material have increased almost 50% since its 2017 lows.

Measure is part of a broader plan to restore profitability at the division, which saw adjusted operating profit fell by 37% in the second quarter of this year.

The move comes only five months after President Donald Trump signed an executive order undoing the previous Administration's Clean Power Plan.

Value added brought by the mining sector grew by more than 21% in the first three months of the year — the largest increase since the fourth quarter of 2014.

The two men accused of murdering Bennett Hartfield, the former president and CEO of Patriot Coal, are heading to trial in the next two months.

La Escondida was the last project of its type in the Castilla and León region

The Anglo–Swiss multinational secured the first mining leases for its $7 billion Wandoan coal project in Queensland's Surat Basin

Chalkstone was born out of counter-insurgency tactics used by troops in Afghanistan, but its unique methodology is now being used by miners, which can map-out power structures and counter the potentially crippling risk of strikes and political opposition.

Donkin coal mine, in Cape Breton, has had at least 10 compliance orders and 29 warnings since it began producing in February, a report claims.

Former rival bidder Glencore will subscribe to $300 million worth of the rights offer.

Chinese coal imports from key supplier Australia chalked up year-on-year gains for the second straight month in July, customs data showed, as local output of the commodity eased amid a crackdown on illegal mining and pollution.

According to the Industrial Development Agency (ARP), net profit at Polish coal mines stood at 1.45 billion zlotys (US$400.06 million) in the first half of the year compared to a 800 million zlotys loss a year earlier.

While Trump vows to save coal, many miners look elsewhere. Natural gas jobs don't offer the same stability as coal did.

During winter and summer, power companies' coal inventories must be five to 10 days above normal levels.

South Africa's government welcomes the sale to a Swiss-based firm for $225 million, citing the jobs the sale could save, the department of mineral resources said on Wednesday.

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