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

Having trouble viewing this email?  View online Coal News Digest Tuesday 5 June 2018 Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc From chopping block to 'core,' Anglo fires up met coal engine Anglo American Plc is set to boost metallurgical coal capacity at a mine complex in Australia by 25 percent. read » Rio Tinto completes sale of Australian coal asset As soon as the sale was completed, Rio received $150 million in cash and is set to get an unconditional cash payment of $50 million due in 12 months. read » Mongolia listing boosts investors confidence in Erdene Resource The Halifax, Nova Scotia-based miner also said it had launched an offering of common shares to Mongolian residents, as well as a concurrent non-brokered private placement, which in combination are expected to raise up to $4.4 million. read » Black lung disease cases spike among former US coal miners Miners in recent decades have been over-exposed to dust, a University of Illinois researcher said. read » Mergers and acquisitions in Canada stage exceptional comeback in Q1 However, the Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 8% in the three months to March 2018. read » Sibanye-Stillwater accuses union of following 'agenda' to harm reputation The Association of Mineworkers and Construction Union (AMCU) said the company failed to take precautions two avoid injuries at its mines earlier this week. read » Young Australians oblivious to mining Despite mining contributing about 6 per cent of the country's GDP, a study revealed that almost six out of 10 of young Australians know nothing at all about mining careers. read » Rio Tinto says climbing costs, resource nationalism once again big threats Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk. read » Erdene soars as Altan Nar project in Mongolia proves larger than predicted Indicated and inferred gold equivalent resources increased by whooping 208% and 172% respectively, when compared to the project's maiden mineral resource estimate of 2015. read » Coal mine deaths climb to 23 in southwest Pakistan – officials At least 16 miners died on Saturday and more than a dozen were trapped after an explosion in a mine in the Marwar coalfields. read » Vietnam sets out green ambitions with bold targets for solar, rare earth Vietnam is aiming to increase the use of household solar energy equipment to 12 percent by 2020, and 26 percent by 2030. read » Coal lobby fights black-lung tax as disease rates surge The Black Lung Disability Trust Fund is at risk of insolvency due to soaring debt and a slashing of coal-company contributions through a scheduled tax cut. read » Trump's coal, nuke push pegged to security threats to gas pipes Gas-fired power generators are more vulnerable to cyber attacks than coal plants and nukes because gas must be delivered from remote fields via pipelines. read » Coal workers killed in explosion at Pakistan mine The workers died after a gas explosion prompted the collapse of the mine where they were working. read » The real barrier to Trump's coal bailout? His own appointees The members of Federal Energy Regulatory Commission have already thwarted one effort to bail out uneconomic power plants. read » Indonesia's Adaro says Australia approves Kestrel coking coal mine deal Under the planned $2.25 billion transaction, Adaro will take a 48 percent stake of Rio's current 80 percent interest in the mine. read » RBS to stop financing new coal plants, oil sands or arctic oil projects Britain's Royal Bank of Scotland said it had tightened restrictions on project finance and general lending for high-carbon energy projects and companies. read » China is said to mull more US coal imports to cut deficit Chinese officials are currently looking at boosting purchases from West Virginia in particular. read » China's NDRC to curb coal prices, boost output -Xinhua China will take steps to bring down coal prices because the recent rally is not supported by market fundamentals. read » New First Nations led campaign calls for improved mining practices and better regulation in British Columbia Province's contribution to a clean energy future at risk unless changes are made. read » Last missing Polish miner found dead: JSW "The (last) miner's body was trapped under one of many structures in the destroyed pit," JSW said in a statement. read » Coal at record in Europe is latest pressure on utility earnings China's thirst for energy is roiling markets in Europe, jolting the outlook for coal-hungry utilities as they struggle to cope with tighter pollution and environmental rules. read » Oakland port ban on coal shipments blocked by US judge As demand for coal in the U.S. declines, miners depend increasingly on overseas markets. read » China's steelmaking raw materials extend gains on firm demand outlook The price of steelmaking raw materials in China rose for a second session on Monday on optimism that steel mills will replenish stockpiles as steel production increases and as iron ore inventories at ports decline. read » Two of three missing Polish miners found dead -JSW One man is still missing at the Zofiowka mine in southern Poland. read » India's thermal coal imports rise over 15 pct in Q1 – trader India's rising coal imports are contributing to higher demand across Asia this year. read » The world's safest source of energy will surprise you Majority of scientists classify nuclear as a sustainable and safe energy source, along with other renewables. read » Legal fight, delays force Adani writedowns on Carmichael coal mine The writedowns are said to stem from Adani being forced to duplicate studies and redesign elements of the Carmichael project due to delays in regulatory approvals and ongoing legal challenges. read » No casualties in fire at Russia's Raspadskaya coal mine, Evraz says Evraz, which controls Raspadskaya, said all miners had been evacuated and that the blaze is thought to have started in the mine's technical equipment. read » Asia coal industry sees blue skies, ignores storm clouds: Russell While there may be scope to be bullish on the short- to medium-term outlook for coal, the risk factors for the industry appear to be mounting. read » Supercycle may be setting up for higher commodity demand Conditions may be in place for increased demand and increased prices for a number of commodities including natural gas, copper, aluminum, and gold. read » Optimism returns to B.C.'s mining sector as revenues rise by over a third in the last year Prices for most metals and minerals produced in the province continue to steadily recover from multi-year lows. 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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