Vitol funds to help restart Australia coal mine shut since 2007
Mining News Pro - Australian Pacific Coal Ltd. and its joint venture partner have agreed terms for $60 million funding from Vitol Asia Pte Ltd., allowing them to restart a coal mine in New South Wales that’s been shut for more than 16 years.
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Australian company revives its push for a controversial coal mine in Alberta
Mining News Pro - A company whose application for a coal mine in Alberta was rejected two years ago is back – with a new name, and an updated request to explore its lease in the eastern foothills of the Rocky Mountains.
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Canada’s Lassonde ‘mystified’ by Teck choice of Glencore bid for coal unit
Mining News Pro - Canadian businessman Pierre Lassonde said on Wednesday that he is “mystified” by Teck Resources’ decision to sell its coal unit to a Glencore-led consortium for $9 billion because his group bid the same price.
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Glencore ready to spin-off coal unit after sealing Teck buy
Mining News Pro - Glencore is moving ahead with plans to spin-off its profitable but polluting thermal coal business after clinching on Tuesday a $9 billion deal for the coal division of Canada’s Teck Resources.
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US Indigenous coal miners with black lung disease unlikely to qualify for federal support
Mining News Pro - Indigenous coal miners may develop disabling black lung disease but are less likely to qualify for medical benefits using currently required lung function standards rather than standards specific to Indigenous populations, according to new research.
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Whitehaven to buy BHP’s Queensland coal mines in $4.1bn deal
Mining News Pro - BHP Group said on Wednesday Whitehaven Coal will acquire the mining giant’s Blackwater and Daunia mines, which are part of the BHP Mitsubishi Alliance (BMA) metallurgical coal joint venture in Queensland, for $4.1 billion.
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Visit: 79
Teck says it won’t necessarily sell coal assets to highest bid
Mining News Pro - The highest bid for Teck Resources Ltd.’s lucrative coal assets won’t necessarily be the winning bid, said chief executive officer Jonathan Price.
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Visit: 74
BHP plans to keep remaining coal after completing mine sales
Mining News Pro - BHP Group Ltd., the world’s biggest miner, plans to keep its remaining metallurgical coal assets after completing an existing sale process, pointing to a strong outlook for higher-quality raw materials.
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Visit: 111
Teck aiming for coal, metals business separation announcement by end of 2023
Mining News Pro - Canadian miner Teck Resources Ltd is aiming to make an announcement on the separation of its coal and metals business by the end of 2023, chief executive officer Jonathan Price said on Thursday.
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Visit: 93
South Africa says Kusile coal plant to revive capacity this year
Mining News Pro - South Africa said its state-owned power utility will add 2,400 megawatts of generating capacity to the country’s strained electricity grid before the end of the year.
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European insurers are underwriting 30% of US coal, study says
Mining News Pro - Some of Europe’s biggest insurers are underwriting close to a third of the coal production that takes place in the US, even after pledging to target net zero emissions, according to a report by climate campaign group Insure Our Future.
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Visit: 105
Looming strike by miners raises worry about India coal supplies
Mining News Pro - The world’s biggest coal producer, state-owned Coal India Ltd., is facing a potential three-day strike across its core and subsidiary units, according to a stock exchange filing, prompting fears of supply disruptions across the country.
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Visit: 105
No quick end for sale of Teck’s coal unit as mining giant weighs more bids than expected
Mining News Pro - Canada’s Teck Resources is surprised by the global interest in its coal business, suggesting that bidders such as Switzerland’s Glencore will face a highly competitive bidding process whose outcome will not be known quickly.
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Visit: 153
Coal miners forced to save for a rainy day by insurance snub
Mining News Pro - Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for the fossil fuel.
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Visit: 221
AI’s potential role in the coal industry
Mining News Pro - In this thought-provoking interview, we delve into the intriguing realm of artificial intelligence and its potential to reshape the landscape of coal mining and utilization. Join us as we engage with an expert at the intersection of AI and energy to uncover the promises, challenges, and prospects of integrating cutting-edge technologies into a time-honored sector.
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Visit: 120
Four killed in Vietnam coal mine collapse
Mining News Pro - Four people have been killed in a collapse in a coal mine in Vietnam’s mining centre of Quang Ninh, the state-run Thanh Nien newspaper reported on Sunday.
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Teck planning full exit from coal business, in event of partial sale will spin off remainder
Mining News Pro - Teck Resources (TSX: TECK-B) intends to completely exit its coal business, but in the event of only a partial sale, would spin off the remainder to ensure a clean break, a source familiar with the situation said.
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Visit: 224
Australian coal miner’s plans may double its methane emissions
Mining News Pro - Whitehaven Coal Ltd.’s plans to expand its mining operations could double the Australian company’s methane emissions by the end of this decade, according to an analysis from energy think tank Ember, undermining the nation’s global climate commitments.
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Visit: 90
JSW Steel considers 75% interest in Teck’s coal business
Mining News Pro - JSW Steel is considering forming a consortium to bid for a 75% interest in Teck Resources’ steelmaking coal business, according to a Bloomberg report.
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Tycoon Jindal’s JSW Steel scouts for global coal mining assets
Mining News Pro - JSW Steel Ltd. is on the lookout for coal assets globally as the tycoon Sajjan Jindal-led mill seeks to tie up raw material supplies for its expansions in India.
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Visit: 127
India’s JSW Steel considering bid for stake in Teck coal unit
Mining News Pro -India’s steel producer JSW Steel is considering a bid for a stake of up to 20% in Canada’s Teck Resources steelmaking coal business, Bloomberg News reported on Saturday, citing people with knowledge of the matter.
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Visit: 128
Australia’s coal exports by volume set to rise on Asian demand
Mining News Pro - Australian coal exports are set to rise for at least the next three years on growing demand for the dirtiest fossil fuel in India and Southeast Asia, according to a new report from Canberra.
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German coal miners under fire for unfair edge in renewables push
Mining News Pro - Less than a year after German coal giant LEAG unveiled plans to transform its open-cast mines into wind and solar farms, concerns are mounting that it and other lignite miners are exploiting an unfair advantage in the country’s race to go green.
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Nippon Steel still interested in investing in Teck’s steelmaking coal arm
Mining News Pro - Nippon Steel remains interested in Teck Resources’ steelmaking coal assets, a spokesperson said on Tuesday, adding that talks continue despite Glencore’s latest offer for the Canadian miner’s coal business.
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Visit: 124
Teck’s attempt to gain CIC support for coal split hits wall
Mining News Pro - Teck Resources, Canada’s largest diversified miner, is reportedly finding it difficult to secure the support of top shareholder China Investment Corporation (CIC) for a plan to exit coal.
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Visit: 193