lunes, 7 de mayo de 2018

War on coal making the world's top mine owners a lot richer

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Coal News Digest
Tuesday 8 May 2018
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Anglo American Plc, Glencore Plc and BHP Billiton Ltd. are generating the highest profits in years from their coal mines.

At least 16 miners died on Saturday and more than a dozen were trapped after an explosion in a mine in the Marwar coalfields.

The deaths brings the number of people killed at the company's operations this year to at least 10.

Paris City Council passed a motion last night where its members ask the CEOs of the world's largest insurance and reinsurance companies to stop insuring coal projects.

Driverless trucks at the same iron ore operations already haul over a quarter of both ore and waste material.

The council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court.

Blankenship served time in prison for safety violations connected to a 2010 disaster that killed 29 miners and is seen as the weakest of the three candidates in the upcoming primary.

Amid concerns Indonesia could exhaust existing minable coal reserves of 13 billion tonnes 25 years, the government is considering measures to push miners to carry out exploration work before they can obtain permits to increase output.

A 3.4 magnitude quake hit the Borynia-Zofiowka-Jastrzebie coal mine in southern Poland on Saturday morning.

The accord comes as President Mnangagwa courts foreign investment to rebuild an economy that halved in size since 2000 under former President Mugabe.

Rio Tinto shareholders that voted in favour of a resolution calling the miner to review its membership of the Minerals Council of Australia (MCA) and other lobby groups.

The miner and commodities trader is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms.

Most miners producing coal for electricity are getting battered by cheap natural gas and increasingly stringent pollution controls.

The global miner has denied any wrongdoing in a similar case brought by the U.S. Securities and Exchange Commission.

Provincial fuel tax is supposed to help pay for public roads and highways by charging the vehicle owners who use them. The Nova Scotia government gives other resource industries a tax rebate for fuel used in vehicles that do not go on public roads, such as fishing boats, farm tractors and forestry harvesters.

The deal comes as investors look for consolidation in an industry that is recovering from a deep downturn in 2015 and 2016.

Poland has about $30 billion of planned wind projects 30 kilometers (19 miles) out in the Baltic.

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