Australia takes Rio Tinto to court over Mozambique coal deal

Having trouble viewing this email?  View online Coal News Digest Tuesday 6 March 2018 Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc Australia takes Rio Tinto to court over Mozambique coal deal Australia's corporate watchdog has launched court action against the company, former chief executive Tom Albanese and chief financial officer Guy Elliott. read » Britain postpones decision on new coal mine The government has delayed expected decision on whether to allow a new coal mine in northeastern England. read » Anglo American concludes sale of three coal mines in South Africa The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects. read » Iron ore price jumps to 10-month high China's war on smog benefitting exporters of high-quality ore as domestic steelmaking output cuts are extended. read » Shipping gauge shows iron ore, copper prices heading for fall CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices. read » Anglo American 'shows off' — doubles profits, halves debt, pays highest divvy in a decade Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden. read » Canada the world's overall top mining destination, despite Saskatchewan fall That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year. read » Cash-rich global miners eye India as coal sector opens up for private firms India's decision to allow private and foreign companies to bid for coal mines without any end-use or price restrictions is likely to lure foreign mining giants, currently swimming in cash. read » Glencore gives investors $2.9bn in dividends after 'strongest' results ever The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise. read » BHP rebuffs Elliott as first-half profit hits three-year high The New-York based fund argues an overhaul could add more than $22 billion in value for shareholders and wants BHP to conduct an independent study. read » Mining M&A jumps to 4-year high – expect more in 2018 New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry." read » Copper, iron ore price jump sparks rally in mining stocks Top listed copper producer Freeport jumped 7.4% and with Vale – up 6% – was among the NYSE's top 10 most actively traded stocks. read » BHP takes $1.8 billion hit from US tax reform Charge is due to due to cuts in the US Federal corporate income tax rate, the world's biggest mining company said. read » Another death at one of Sibanye-Stillwater gold mines A worker died on Monday night while clearing a blocked ore pass at the company's Driefontein gold operation in South Africa. read » Rio Tinto pays biggest divvy in history as profit hits three-year high Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls "resilient" commodity prices. read » China to cut more coal, steel output to defend 'blue skies' China's state planner pledged on Monday to cut more steel and coal production capacity this year. read » Steel tariffs may trip up another industry Trump loves: coal While tariffs could increase domestic demand for metallurgical coal – which is used in the steelmaking process – most of the market for that fuel is abroad. read » BC mining and exploration sees resurgence after years of stagnation The survey found that exploration expenditures across BC totaled $246 million in 2017, up $41 million (20%), from the year before. read » China's staggering demand for commodities It's said that in China, a new skyscraper is built every five days. read » Coal India output, sales rise as power plants rebuild stockpiles Coal India Ltd.'s shipments rose 4.8 percent from a year ago and output increased for a seventh straight month. read » India's outback coal bets sour as global prices recover Adani Group bought into the Queensland basin in 2010, followed a year later by GVK Group, with plans to ship thermal coal by the middle of the decade. read » Mongolia's Oyu Tolgoi mine to lift force majeure Majority owner Turquoise Hill Resources Ltd said that it expected to make up any sales-related effect over the next few quarters. read » South Africa's mining charter to be finalized in three months Uncertainty around the charter has deterred investment into a sector that accounts for 8% of gross domestic product in the world's top platinum producer read » Read more Coal news on MINING.com » Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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