Peabody falls as production issues, weather crimp coal sales
Peabody Energy Corp. shares sunk to the lowest in seven months after the biggest US coal miner warned that first-quarter sales will be lower than expected due to production issues at mines in Australia and weak demand in the US.
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Rock weathering does not act as CO2 sink, as previously thought
Mining News Pro - A new study published in the journal Nature has overturned the view that natural rock weathering acts as a CO2 sink, indicating instead that this can also act as a large carbon dioxide source, rivalling that of volcanoes.
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Barrick ramps up mine stocks to weather supply chain storm
Mining News Pro - Barrick Gold Corp has nearly doubled its inventory of some key supplies at mines to weather the disruptions caused by Russia’s invasion of Ukraine, Chief Executive Mark Bristow told Reuters on Wednesday.
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Mining has helped Australia weather the COVID-19 storm
Mining News Pro - Federal Minister for Resources and Water Keith Pitt explores the strength of Australia’s pandemic-struck mining and resources sector.
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Bad weather may cost Rio Tinto its iron ore crown
Mining News Pro - Rio Tinto reported a 12% fall in quarterly iron ore shipments on Friday after storms affected its West Australian operations.
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Gascoyne guidance hit by inclement weather
Mining News Pro - Gascoyne Resources has updated its production and cost guidance for the 2021 and 2022 financial years, with weather effects impacting June quarter production.
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New Century anticipates recovery after weather battles
Mining News Pro - New Century Resources has experienced a dip in zinc production at the Century mine in Queensland due to the impact of the wet season.
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New Century hit by wet weather
Mining News Pro - Base metals miner New Century Resources has reported a 6% decline in zinc production for the three month to March, compared with the December quarter.
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NSW wild weather narrows Whitehaven targets
Mining News Pro - Whitehaven Coal has updated its production guidance after setbacks including New South Wales’ wild weather disrupted its transport routes.
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QLD miners wary of wild weather
Mining News Pro - The Bureau of Meteorology (BOM) has warned North Queensland mining companies to expect intense rainfall and potential life-threatening flash flooding as ex-Tropical Cyclone Imogen crosses the state.
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Yancoal scales back spending to weather unpredictable coal storm
Mining News Pro - Yancoal is confident that the company is well placed to manage Australia’s uncertain market relationship with China and the current lows in coal prices.
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High-flying AngloGold posts colossal free cash surge as it weathers Covid disruption
Mining News Pro - Gold mining company AngloGold Ashanti on Friday posted a colossal surge in half-year free cash flow generation, most of it coming in the three months to June 30.
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Top miners in good position to weather covid-19
Mining News Pro - The global Top 40 mining companies are so far weathering the
covid-19 storm mostly unscathed, but the longer-term impacts remain uncertain and ongoing disruption is likely, according to PwC’s Mine 2020 report.
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Manganese mine in strong position to weather uncertainties
Mining News Pro - The Tshipi Borwa manganese mine is in a strong position to weather the uncertainties ahead, as the world struggles, probably for years to come, to recover from the devastating economic consequences of the global lockdown, Jupiter Mines nonexecutive chairperson Brian Gilbertson said on Thursday.
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Major miners braced to weather coronavirus, but cash-poor minnows in peril
Mining News Pro - Major miners are better positioned to weather the coronavirus disruption compared with previous downturns, having drastically reined in debt-fueled buying and operating costs amid investor scrutiny and pressure.
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Glencore overcomes weather and safety disruptions to sustain production
Mining News Pro - Glencore has delivered strong March quarter results despite weather and safety issues affecting production at its Australian mines.
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BHP iron ore production forecast hit by weather
Mining News Pro - BHP has cut its iron ore production guidance for the 2019 financial year on the impacts of Tropical Cyclone Veronica, after a similar reduction by Rio Tinto yesterday.
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China’s Tangshan City Orders 50% Production Cuts for One Week amid Adverse Weather Forecast
Mining News Pro - As a part of the anti-pollution campaign, this year China has allowed its 28 cities government to set their own industrial output limits in the autumn-winter heating season discarding last year`s blanket 50% steel output cut across these cities resulting which each city is setting up its own production cuts targets for the upcoming winters.
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