Surging energy prices force Japanese steel giant to revisit coal

Mining News Pro - Nippon Steel Corp. is prepared to make more investments in coal mines after the energy source surged in price, as Japan’s biggest steelmaker looks at ways to stabilize the supply of one of its key raw materials.

War derails plan to ditch coal after UK championed global cuts

Mining News Pro - When the COP26 climate talks concluded in November, UK Prime Minister Boris Johnson declared the world had reached a point of no return in phasing out coal. At the same time, Ukrainian Foreign Minister Dmytro Kuleba warned Europe that Russia was amassing forces near its border.

New Wyoming facility to boost extraction of REEs from coal

Mining News Pro - Companies and researchers developing asphalt, graphene, graphite, agricultural char, and carbon fibre and extracting rare earths from coal and coal byproducts, now have a 9.5-acre site to work on their innovations.

Activist investor Bluebell adds pressure on Glencore to fix coal unit

Mining News Pro - Activist investor Bluebell Capital Partners has again asked Glencore Plc to overhaul its climate policy, while seeking support from other shareholders to push for reform at the commodities giant.

Yancoal Australia rejects $1.8bn takeover bid from China’s Yankuang

Mining News Pro - Yancoal Australia (ASX: YAL) rejected on Tuesday a $1.8 billion takeover bid from its largest shareholder, saying that both the value and the proposed structure of the deal were not in the best interests of its minority shareholders.

Explosion at Colombian coal mine kills nine workers, traps six

Mining News Pro - Nine miners have died and six remain trapped following an explosion at the La Mestiza coal mine in Colombia’s northeastern El Zulia municipality.

Glencore expected to dismiss bid for Yancoal Australia stake

Mining News Pro - Glencore is expected to dismiss a $3.60 per share offer for its minority stake in Yancoal Australia as it considers the Chinese majority owner’s bid for the coal producer offensively low.

Asia’s two richest men reap windfall from surging oil, coal

Mining News Pro - Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia’s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia’s richest men publicly push their pivots toward greener energy.

A coal mining hub could decide Australia’s future

Mining News Pro - A coal-mining community that has elected the same political party for more than a century could decide Australia’s next government this month in an election that has divided the nation over how to battle climate change.

Call for more protection for coal industry

Mining News Pro - Adani Australia chief executive officer and Country Head Lucas Dow has called on all political parties to protect the nation’s prosperity by ensuring coal communities can access reasonably priced finance and insurance services.

Rich nations scramble to seal coal transition deals before COP27

Mining News Pro - As they prepare for the next round of global climate talks in November, officials from rich countries are trying to pull together a series of multibillion-dollar packages to help poor countries phase out coal.

China cuts coal import tariffs to zero to increase supply

Mining News Pro - China will cut import tariffs for coal to zero from May to the end of March to help guarantee energy supplies, the Ministry of Finance said in a statement.

Peabody sinks after taking $301 million charge on coal hedge

Mining News Pro - The booming global coal market presented a challenge for Peabody Energy Corp. after skyrocketing prices led to a $301 million first-quarter charge for the mining giant’s hedging operations. The shares slumped more than 20%.

Strong copper, coal prices power Teck Resources’ profit beat

Mining News Pro - Canadian miner Teck Resources Ltd on Wednesday beat market estimates for quarterly profit on the back of higher copper and coking coal prices, sending its shares 8% higher.

China’s new energy policies kill 15 overseas coal projects

Mining News Pro - About 12.8 GW (15 plants) of China-backed overseas coal projects that received either financial backing or equipment, procurement and construction support from Chinese firms were shelved or cancelled since September 2021 as a result of revised energy policies in host countries and the withdrawal of support from Chinese firms, a recent report by the Centre for Research on Energy and Clean Air states (CRECA).

ESG-minded investors pile into coal stock, sparking 1,000% rally

Mining News Pro - Anglo American Plc’s spinoff, Thungela Resources Ltd., has emerged as the world’s best-performing major coal stock. It’s also one of the most profitable bets by a group of fund managers who’ve promised to reduce their financed greenhouse gas emissions.

China orders top coal region to ensure supplies to coastal hubs

Mining News Pro - China has called on its top producing province to guarantee thermal coal supplies to some of the industrial hubs on the coast threatened by power shortages.

Russia’s war is turbocharging the world’s addiction to coal

Mining News Pro - In Germany and Italy, coal-fired power plants that were once decommissioned are now being considered for a second life. In South Africa, more coal-laden ships are embarking on what’s typically a quiet route around the Cape of Good Hope toward Europe. Coal burning in the U.S. is in the midst of its biggest revival in a decade, while China is reopening shuttered mines and planning new ones.

The World got addicted to coal after russia war

Mining News Pro - The boom in the world’s dirtiest fossil fuel has huge implications for the global economy.

Russia’s war is turbocharging the world’s addiction to coal

Mining News Pro - In Germany and Italy, coal-fired power plants that were once decommissioned are now being considered for a second life. In South Africa, more coal-laden ships are embarking on what’s typically a quiet route around the Cape of Good Hope toward Europe. Coal burning in the US is in the midst of its biggest revival in a decade, while China is reopening shuttered mines and planning new ones.

Four miners dead, six trapped after tremor in Polish coal mine

Mining News Pro - Four miners were killed after a tremor at a coal mine in southern Poland on Saturday and rescuers were still trying to reach six others trapped underground, the mine's owner JSW said.

Indian aluminium producer NALCO faces coal scarcity due to train shortage

Mining News Pro - Indian state-run aluminium producer National Aluminium Co Ltd (NALCO) is facing a coal supply shortfall, due to supplies being diverted to priority electricity generation and a shortage of trains to deliver fuel to NALCO’s power plants.

Ten missing as second JSW-run coal mine in Poland hit by tremor

Mining News Pro - Ten people are missing after an underground tremor and methane gas leak at the Borynia-Zofiowka mine operated by JSW SA, Europe’s biggest coking coal producer.

Four miners dead, six trapped after tremor in Polish coal mine

Mining News Pro - Four miners were killed after a tremor at a coal mine in southern Poland on Saturday and rescuers were still trying to reach six others trapped underground, the mine’s owner JSW said.

China demand for coal set to drop

Mining News Pro - Researchers from Australian National University (ANU) have explored China’s plans to bolster energy security in the wake of the Russian invasion of Ukraine while aiming to hit net zero within 40 years.

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