Rio Tinto’s exit from coal pays off, returns $3.2B to shareholders

Having trouble viewing this email?  View online Coal News Digest Tuesday 2 October 2018 Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc Rio Tinto's exit from coal pays off, returns $3.2B to shareholders The fresh round of returns follows Rio's promise in August to give shareholders up to $7 billion through dividends and share buybacks. read » China won't renew coal, steel output restrictions amid trade war This winter, regulators are replacing hard caps on coal use and steel production with less strict targets. read » Metallurgical coal prices starting to slip: Fitch Fitch suggests that miners' focus would probably be on cost controls. read » Peabody Energy to buy Alabama coal mine for $400 million The transaction involves the purchase of Shoal Creek metallurgical coal mine, preparation plant and supporting assets, excluding legacy liabilities other than reclamation. read » Most profitable mining companies in 2017 Polyus. read » US coal exports sure victims of Hurricane Florence — WoodMac The key US coal export hub of Hampton Roads, Virginia, has halted operations as damage to ships and infrastructure seem inevitable, analysts at Wood Mackenzie said Thursday. read » Australia's mining sector pushing for revamped Trans-Pacific Partnership: Interview MINING.com interviewed the Minerals Council of Australia CEO. read » Scientists weigh call for much deeper cuts to coal pollution Coal currently feeds about 27% of the world's energy demand. read » Greece expects one-month extension in coal-fired plants tender Greek utility Public Power Corp. (PPC), which is 51 percent state-owned, is selling three coal-fired plants and one still to be built. read » Indonesia 2018 coal output target now around 507m tonnes – Energy Ministry Indonesia has increased its 2018 coal production target to around 507 million tonnes from a previous target of 485 million tonnes which may add to downward pressure on prices for the fuel. read » Appalachia's alarming rise in black lung disease: editorial By now, black lung disease was supposed to have mostly gone away. The coal industry was supposed to have improved air quality in the mines enough to prevent miners from inhaling the coal dust that inflames, stiffens and blackens their lungs. read » Coronado kicks off $950m IPO, Australia's top coal float in 6 years Coronado files IPO prospectus, sets A$4-A$4.80 price range. read » Germany's move to scrap coal is said to boost cost for taxpayers Chancellor Angela Merkel's plan to close Germany's remaining coal-fired power stations will drive up subsidies for regions that mine the commodity. read » Coal exports from top shipper hobbled with miners facing constraints Coal exports from Indonesia will be restrained this year, which could frustrate a plan by the government to ease a burgeoning trade deficit. read » South Africa's Eskom has coal shortages at 10 power plants – spokesman Eskom said on Monday that it had fewer than 20 days of coal supplies at 10 of its 15 coal-fired power stations, posing a threat to national power supplies. read » British Columbia coal terminal for sale – again Ottawa recently announced renewed efforts to sell the Crown-owned terminal, Ridley Terminal, which is used to export thermal and metallurgical coal. read » RWE fears lignite industry collapse in hasty coal exit by Merkel Chancellor Angela Merkel's plan to phase out coal-fired power plants in Germany should stop short of "prematurely" closing brown coal facilities. read » Exxaro, Seriti are said to mull bids for South32 coal assets South32's South Africa Energy Coal unit, the country's third-biggest exporter of the fuel, was split into a standalone business earlier this year. read » Glencore-led Australian coal port wins court nod on $3.2B debt refinancing It will now have the maturity of $2.6 billion in senior debt extended from this month until September 2026, court documents showed. read » Czech coal baron says island home protests are PR stunt by rival Zdenek Bakala claims the people who marched through the streets of the coastal Hilton Head Island resort chanting "Bakala is a creep! He'll steal your home while you sleep!" were actually paid by a rival to harass him. 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. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Coal News Digest". You mayunsubscribe at any time. The information contained in “Coal News Digest” is collected from a variety of sources on a “best intentions”basis. 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