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Updated 1 hour 40 minutes ago This ten-page brief is a synopsis of key developments in the coal industry over the past 12 months. It provides an overview of the global and South African coal markets and the role of coal in South Africa’s economy, with a particular focus on the role of coal in the generation of electricity. →
By: Henry Lazenby Updated 6 hours ago Base metals producer Taseko Mines has formalised a participation and cooperation agreement between the Gibraltar mine, in British Columbia and its next-door neighbour, the Soda Creek Indian Band (Xat'sull). "We are pleased to formalise a relationship with Taseko regarding the Gibraltar mine.... →
By: Henry Lazenby Updated 6 hours ago Multinational diversified miner Freeport-McMoRan (FCX) has started a comprehensive review of its mining and oil and gas businesses in order to target significant capital spending and operating and administrative costs cuts in response to weak market conditions for its significant products. These... →
By: Reuters Updated 7 hours ago Codelco's Chuquicamata copper mine returned to normal operations on Tuesday afternoon after a contract workers' strike caused a halt earlier in the day, the company said in a statement. All projects except the small Salvador mine were operational, although there had been "various difficulties"... →
By: Henry Lazenby Updated 7 hours ago Extended low-cycle conditions had prompted American coal producer Peabody Energy on Tuesday to suspend the quarterly dividend on its common stock, curtail metallurgical coal output and cut jobs as it turned to aggressive cost-cutting measures in order to survive market headwinds. Peabody was... →
By: Henry Lazenby US oil, gas and coal producer Consol Energy on Tuesday announced that it would put the planned initial public offering (IPO) of its metallurgical coal business on hold, citing the continued degradation of metallurgical coal prices. The MetCo IPO of up to 20% of the subsidiary's equity was... →
By: Reuters Mozambique's coal rush is officially over and the government is now looking offshore to a gas bonanza, according to analysts at a coal conference this week in the capital Maputo. Just a few years ago, billions of dollars poured into Mozambique, one of the world's poorest nations, in a twin... →
By: Reuters South African power utility Eskom is open to importing coal for plants it still plans to commission, a coal conference heard on Tuesday. Willem Theron, business development manager of Eskom's southern Africa transmission group, said the state-run utility planned to install an additional 6 250 MW... →