VANCOUVER - Anglo American is one of the world’s largest mining companies and is a global leader in both platinum and diamonds. Anglo American is Australia’s second largest metallurgical coal producer and third largest global exporter of metallurgical coal. The company’s mining operations, extensive pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe. The [...]
Dec 15 2012 | Posted in
Coal |
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AUSTRALIA – Gina Rinehart’s multi-billion-dollar Alpha coal mine and rail project in central Queensland has been granted Federal Government approval. The Commonwealth had been unhappy about Queensland Premier Campbell Newman’s decision to fast-track approvals for the $6.9 billion project. It had threatened to take back control of major environmental approvals from the State Government amid [...]
Aug 28 2012 | Posted in
Coal |
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Xstrata Plc, the Anglo-Swiss miner whose global operations include extensive interests in Canada, says it is deferring $1-billion (U.S.) in 2012 spending to deal with shrinking profits in a slowing economy. The company, target of a $28-billion takeover bid by Glencore International Plc, reported Tuesday that its first-half net income fell to $1.94-billion from $2.92 [...]
Aug 10 2012 | Posted in
Coal |
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AUSTRALIA – Coal magnate Nathan Tinkler last night made a formal bid for Whitehaven Coal with the aim of taking the miner under his private control. Whitehaven is the emerging force in the Australian Coal mining industry. As the leading coal producer in NSW’s Gunnedah Basin, we they have a market capitalisation of more than [...]
Jul 15 2012 | Posted in
Coal,
Energy |
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Workers at Australian coal mines operated by BHP Billiton that supply a fifth of the world’s traded coal used in steelmaking, resumed talks today in hopes of resolving an 18-month dispute over union representation and pay. BHP, the world’s biggest diversified mining company, in April invoked a declaration of force majeure as it struggles to [...]
Jul 3 2012 | Posted in
Coal |
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BHP Billiton approved investment of US$845 million to sustain operations at Illawarra Coal, in southern New South Wales, Australia by establishing a replacement mining area at the Appin Mine. The replacement area will have a production capacity of 3.5 million tonnes per year of metallurgical coal and will sustain Illawarra Coal’s production capacity at 9 [...]
Jun 25 2012 | Posted in
Coal |
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Bloomberg reports the American Coalition for Clean Coal Electricity is tapping the great American sport of NASCAR racing in a bid to win popular support for the coal industry: “Last month it announced it would sponsor Dale Earnhardt Jr.’s JR Motorsports team. An 18-wheel, mobile classroom will also be featured at NASCAR events to showcase the [...]
May 8 2012 | Posted in
Coal,
Energy |
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BHP Billiton declared force majeure at its Bowen Basin coal mines in Queensland, Australia. Ongoing labour woes and heavy rains forced the world’s biggest miner to make the announcement. The move could push coal prices higher, since the Bowen Basin supplies about one-fifth of the world’s metallurgical coal. “Now that this very important supply block [...]
Apr 3 2012 | Posted in
Coal |
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PITTSBURGH – Signs of an industry downturn and other factors threatening to take a toll on coal make this a worrisome time for miners and companies employing them. Furnaces and factories are running less often because of a record-breaking warm winter and still-stagnant economy. Cheap natural gas is gaining on coal’s lead as a fuel [...]
Mar 18 2012 | Posted in
Coal,
Energy |
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On February 16, 2012, the Polish coal mining company Lubelski Węgiel Bogdanka S.A. smashed the world record for daily production from a plow-equipped longwall, with an output of 24,400 tonnes of coal from a single face. The company commissioned the first Cat® longwall system at its Bogdanka mine, near Lublin in eastern Poland, in March [...]
Feb 26 2012 | Posted in
Coal,
Energy |
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