Philippines’ top coal producer plans $5 billion mine expansion
Semirara Mining and Power Corp., the Philippines’ largest coal producer, said it’s looking to spend 291.4 billion pesos ($5.07 billion) to expand its mines.
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Visit: 37
China’s top miner to spend $24 billion on coal-to-oil project
China’s biggest coal miner announced the construction this week of another massive project to supply feedstock for petrochemicals makers and help clear a prospective surplus of the fossil fuel.
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Visit: 44
Coal expansion helps lure insurers back to Whitehaven
Whitehaven Coal Ltd., one of Australia’s largest coal producers, shelved a planned special purpose vehicle originally intended to provide in-house insurance after finding external insurers willing to take on the risk.
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Visit: 32
Project dearth slows South Africa’s $9.3 billion coal exit plan
The implementation of a $9.3 billion climate-finance pact between South Africa and some of the world’s richest nations has been slowed by an absence of investable projects, the African country’s presidency said.
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Visit: 32
Major coal port celebrates perfect climate score
Port of Newcastle, one of the largest coal ports in the world, has broken its own sustainability record for the fourth consecutive year.
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Visit: 69
China coal hub could lead its energy transition, researchers say
China’s largest coal-mining hub is primed to spearhead the country’s energy transition with a slate of planned clean power mega-projects in the desert, according to a report released Monday.
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Visit: 71
Focus on coal miners, power grid as South Africa spends just sixth of climate aid
South Africa’s donor-funded climate program has spent just over a sixth of its allotted $11.6 billion, with a focus on expanding the power grid and preventing its coal-mining region slipping into decline as it shifts to renewables, two sources said.
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Visit: 69
Anglo expects binding offers for Australian coal assets by mid-November
Anglo American expects to receive binding offers for its steelmaking coal assets by mid-November as it advances a plan to restructure the business after battling a takeover offer from rival BHP Group, CEO Duncan Wanblad said.
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Visit: 72
Australia clears coal mine expansions in hit to green goals
Australia approved the expansion of three coal mines, sparking criticism of Prime Minister Anthony Albanese’s administration and its efforts to keep emissions in check.
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Visit: 65
At least 38 dead in Iran coal mine blast
A gas explosion in a coal mine in Iran’s South Khorasan province killed at least 38 people, Iran’s state media said on Sunday.
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Visit: 94
Kestrel Coal project to limit one million tonnes of CO2
The Queensland Government is investing in a new gas-to-electricity power project at the Kestrel coal mine as part of its $520 million Low Emissions Investment Partnerships (LEIP) program.
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Visit: 84
Coal India eyeing Argentina, Chile for critical minerals
State-run Coal India is scouting for critical minerals in Argentina and is in talks with officials in Chile for lithium, India’s federal mines secretary V. L. Kantha Rao said on Wednesday.
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Visit: 63
Seriti plans to cut over 1,200 coal jobs
South African coal miner Seriti Resources plans to cut 1,241 jobs to contain costs due to lower prices and persistent rail bottlenecks, the company said on Tuesday, a move the country’s biggest mineworker union said it would fight.
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Visit: 54
China has more than 1 billion t/y of new coal mines in pipeline
China accounts for more than half of the world’s pipeline of new coal mines, risking a significant increase in methane emissions, a new study published on Tuesday showed.
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Visit: 89
Coal India to spend $8 billion on coal-fired plants near mines
Coal India Ltd. is planning to invest about 670 billion rupees ($8 billion) to build coal-fired power plants close to its mines, signaling the fast-growing economy will remain reliant on the fossil fuel for decades to come.
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Visit: 86
Westgold and Yancoal to join ASX 200 index
Westgold Resources and Yancoal are set to be included in the S&P/ASX 200 index, taking effect prior to the open of trading on September 23.
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Visit: 101
Poland seeks to rethink, not quash coal spin-offs, minister says
Poland is seeking to amend plans for utilities to spin off their coal assets, according to the minister in charge of managing state assets.
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Visit: 60
Whitehaven Coal to sell 30% Blackwater mine stake to Nippon Steel
Whitehaven Coal has struck separate deals with Japan’s Nippon Steel and JFE Steel to sell stakes of 20% and 10%, respectively, in its Blackwater coking coal mine for a total of $1.08 billion, the Australian miner said on Thursday.
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Visit: 68
Arch merges with Consol Energy to create US coal export powerhouse
US coal producer Arch Resources Inc. agreed to merge with rival Consol Energy Inc. in a $2.3 billion deal aimed at creating a North American mining heavyweight to deliver the fuel around the world.
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Visit: 90
China’s coal output rises as share of electricity slips
China’s production of coal is rising while its share of electricity generation is declining, a seeming contradiction that will likely result in lower imports volumes and cheaper prices.
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Visit: 152
Coal-rich Indian state to pass mining tax after court ruling
The Indian state of Jharkhand has passed a bill imposing mining taxes, according to people familiar with the matter, a move that’s set to inflate the prices of minerals from coal to bauxite.
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Visit: 88
Thungela may consider steelmaking coal in hunt for new assets
South Africa’s Thungela Resources is still searching for new mines to buy and may consider acquiring coking coal assets if it finds a good fit, CEO July Ndlovu said on Monday.
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Visit: 83
Whitehaven Coal to cut 192 jobs at mines purchased from BHP
Australia’s Whitehaven will cut 192 jobs at the Daunia and Blackwater coking coal mines it took over from global miner BHP Group, its spokesperson told Reuters on Friday, adding to a slew of roles lost in the resources sector this year.
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Visit: 67
Whitehaven Coal to cut 192 jobs at mines purchased from BHP
Australia’s Whitehaven will cut 192 jobs at the Daunia and Blackwater coking coal mines it took over from global miner BHP Group, its spokesperson told Reuters on Friday, adding to a slew of roles lost in the resources sector this year.
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Visit: 95
Glencore scraps plans to ditch coal on investor pressure
Glencore scrapped on Wednesday plans to separate its coal division, which it had announced following its acquisition of assets from Teck Resources last year, as shareholders opposed the move.
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Visit: 61