Coal Stocks News

Trump administration's plan to boost coal, nuclear power rejected

January 09, 2018 / Coal mining news

The Republican-controlled Federal Energy Regulatory Commission or FERC unexpectedly and unanimously rejected Energy Secretary Rick Perry's plan to boost nuclear plants and slow down the closure of coal-powered plants. According to Perry, the US' power grid would become vulnerable if more

Mpumalanga communities get 16.1% stake in Nkomati coal mine

January 08, 2018 / Coal mining news

Nelspruit - Rural communities in Mpumalanga have been granted a 16.1% stake in a coal mine following a ground-breaking agreement reached after Sentula Mining secured a R151 million loan from the Industrial Development Corporation (IDC). The agreement will put an end to tensions between the

Bulgarian coal mine Troyanovo-1 posts highest ever output in 2017

January 09, 2018 / Coal mining news

SOFIA (Bulgaria), January 8 (SeeNews) - Bulgarian coal mine Troyanovo-1 recorded an output of 13.2 million tonnes in 2017, the highest in the mine's 65-year history, its operator, state-owned Mini Maritsa Iztok company, said. The mine's 2017 production plan envisaged an output of 11.4 million tonnes of

Coal mine to re-open in Canada, another closes in US

January 08, 2018 / Coal mining news

As one hand giveth, the other taketh away. Without getting too biblical, it appears that North American coal mining took a step forward in Canada last week but one foot back south of the border at the same time. The small community of Grand Cache, Alberta, was feeling optimistic going into the new year on

Coal mining has a deep history in Southern Illinois

January 08, 2018 / Coal mining news

The first mine appeared near Peoria not long after, but it wasn't until 1830, when coal from Belleville found a market in nearby St. Louis, that the industry took off, according to Keith Weil and Alvin K. Grandys, who wrote the 1976 Illinois Coal Digest, a publication from the Illinois Department of Business and

Pennsylvania Coal Mine To Close

January 07, 2018 / Coal mining news

It was announced this past week that a coal mine - the 4 West Mine - in southwestern Pennsylvania will close. It's another blow to the coal industry, which President Trump has promised to revive. Mepco, the company that owns 4 West, said it would be shutting down the Greene County mine because it had

Glencore sells Australian coal mine to Gupta's GFG Alliance

January 08, 2018 / Coal mining news

SYDNEY - Glencore has agreed to sell one of two Australian coal mines it put up for sale last year to British industrialist Sanjeev Gupta's GFG Alliance for an undisclosed sum, the two companies said separately on Tuesday. The acquisition follows Gupta's purchase last year of the financially troubled

China aims to create giant coal mining firms

January 08, 2018 / Coal mining news

Nasdaq reported that China said it plans to create several "super-large" coal mining companies by the end of 2020 as one of the world's top

Coal mining saw 2017 boost but long-term outlook still shaky

January 06, 2018 / Coal mining news

(AP) - Coal companies in the United States boosted production of the fuel in 2017 to reverse a two-year decline. The U.S. Energy Information Administration said Thursday that companies mined 771 million tons of coal through Dec. 30, a 6 percent increase versus 2016. Wyoming, the largest coal state, saw

Coal dwarfs battery metals in mining deals despite war on pollution

Jan. 5, 2018 / Coal mining news

Steel-making, which uses iron ore and coking coal, accounts for an estimated seven percent of industrial direct CO2 emissions, industry figures show. For the mining sector, the minerals offer an established way of making money when ultra-low official interest rates mean relatively cheap funding is available

Coal mining deaths rise after record low in 2016

Jan. 3, 2018 / Coal mining news

Coal mining deaths in the U.S. nearly doubled last year, after a record low in 2016, according to data from the Mine Safety and Health Administration. There were 15 people killed in coal mining jobs in 2017 versus eight in 2016. Despite the increase, mining deaths have been steadily declining for several

Coal dwarfs battery metals in mining deals despite war on pollution

January 05, 2018 / Coal mining news

While the biggest deal was in Brazil, China was a top player despite planning to reduce domestic coal and steel-making to tackle smog in its cities. Elsewhere, miners haunted by the overpriced mega-purchases they made before the commodities crash of 2015 hesitated on deals involving the metals

Coal mining saw 2017 boost but long-term outlook still shaky

Jan. 5, 2018 / Coal mining news

(AP) - Coal companies in the United States boosted production of the fuel in 2017 to reverse a two-year decline. The U.S. Energy Information Administration said Thursday that companies mined 771 million tons of coal through Dec. 30, a 6 percent increase versus 2016. Wyoming, the largest coal state,

More Trouble in Coal Country: 370 Mining Jobs Lost in One Blow

January 05, 2018 / Coal mining news

If President Donald Trump is serious about bringing coal back, he has his work cut out for him. The President's first year in office was marked by a slew of coal power plant closings, and his second year is already off to a bad start. Mepco, Inc. announced that it will close a Pennsylvania mine, eliminating 370

Optimism returns to Grande Cache as coal mine plans to reopen

January 04, 2018 / Coal mining news

There is renewed optimism in the small resource community of Grande Cache after a foreign company agreed to buy the steelmaking coal mine that has been shuttered for two years and helped drain the town's population. Hundreds of jobs were wiped out in the community northwest of Edmonton after

China aims to create giant coal mining firms in push to modernize ...

January 05, 2018 / Coal mining news

BEIJING (Reuters) - China said on Friday it plans to create several "super-large" coal mining companies by the end of 2020 as one of the world's top producers of the fuel ramps up years of efforts to streamline the sector and slash outdated capacity. FILE PHOTO: A Chinese miner works at a coal mine in the

China aims to create giant coal mining firms in push to modernise ...

January 05, 2018 / Coal mining news

BEIJING, Jan 5 (Reuters) - China said on Friday it plans to create several "super-large" coal mining companies by the end of 2020 as one of the world's top producers of the fuel ramps up years of efforts to streamline the sector and slash outdated capacity. The country's National Development & Reform

Coal mining saw 2017 boost but long-term outlook still shaky

January 04, 2018 / Coal mining news

Coal mining saw 2017 boost but long-term outlook still shaky. Associated Press

Frick coal mining history project invites local comments

January 04, 2018 / Coal mining news

If members of your family worked in any of the coal mines once operated by Henry Clay Frick, members of a project that is documenting coal and coke heritage needs your help with identifying people and places in historic photographs. The researchers also want to hear your stories. The research is the last

Queensland coal mining: Billion-dollar projects in pipeline for Surat ...

January 04, 2018 / Coal mining news

GVK has two Queensland projects, the $10 billion Alpha mine and rail line and the $6 billion Kevin's Corner mine, and the renewed interest follows a major spike in coal demand, which has pushed thermal coal spot prices above $US100 a tonne. The two mines at full production will produce around 60

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