Category: Coal

Colombia coal output down slightly in 2017 to 89.4 million tonnes

BOGOTA, Feb 19 (Reuters) – Colombia, the world’s fifth-largest exporter of coal, produced 89.4 million tonnes in 2017, down 1.2 percent from output the year before, the Energy and Mining Ministry said in a statement on Monday. The country produced...

/ February 20, 2018

This coal miner shows limits of Trump's bid to rescue industry

(Bloomberg) — To understand the big challenge facing U.S. coal miners, look no further than Cloud Peak Energy Inc. The company, which plunged the most in 15 months on Friday, extracts all of its coal from the Powder River Basin of...

/ February 17, 2018

Copper, iron ore price jump sparks rally in mining stocks

Mining and metals investors were piling into the sector’s big names on Wednesday as gold jumped, base metals prices surged and iron ore continued to rally on optimism about global demand for raw materials ahead of a holiday week in top consumer China....

/ February 15, 2018

Colombia bomb halts Cerrejon coal train; output, exports unaffected

BOGOTA, Feb 13 (Reuters) – The railway line of Colombia’s largest coal mine, Cerrejon, was attacked with explosives overnight, causing the train to halt transport but without affecting production or exports, the company reported on Tuesday. The attack occurred late...

/ February 14, 2018

China will crack down on illegal coal mining in 2018: safety watchdog

China will carry out “special action” in 2018 to crack down on illegal coal mining to ensure safe mine operations and reduce output capacity, the State Administration of Work Safety said in a statement on Monday. Coal mines that fail...

/ February 12, 2018

US coal exports surged 60% last year

According to US Census data released Tuesday, US coal exports totaled 88 million metric tonnes in 2017, a 60.9% increase from 2016. Annual export volumes climbed to the highest since 2014, when the nation’s exports reached 88.3 million tonnes in...

/ February 8, 2018

Rio Tinto pays biggest divvy in history as profit hits three-year high

Rio Tinto (ASX, LON, NYSE:RIO), the world’s No.2 mining company, showed investors Wednesday how well it has ridden the wave of higher commodity prices by announcing a record dividend on the back of a big surge in annual profit and its...

/ February 7, 2018

Sandvik invests $25 million to boost use of metal 3D printing

Swedish equipment and tool manufacturer Sandvik Mining (STO:SAND) is investing 200 million Swedish crowns (about $25 million) in a new titanium and nickel metal powder plant to strengthen its position in the metal 3D printing market. 3D printing, also known as...

/ February 6, 2018

The great coal mining jobs boom has been postponed

Oil and gas extraction accounts for about 60 percent of all mining jobs, and 64 percent of the job gains since October 2016.  This oil and gas industry boom, as my fellow Bloomberg View columnist Conor Sen pointed out earlier this month, was...

/ February 3, 2018

Goldman all but says the mining supercycle is back

Concerted global economic growth could hit 4% and top commodities consumer China is set to expand at a 6.6% clip this year according to the IMF and others. Factories around the world are buzzing – the global JP Morgan manufacturing...

/ February 2, 2018

Coal snared in headwind as traders flee $300 billion market

(Bloomberg) — The halcyon days of coal trading seem to be over as buying and selling of the world’s most widely used power-plant fuel plunged last year. For years the coal market defied a global pushback against the commodity by lawmakers...

/ February 1, 2018

Union at Colombia's Cerrejon votes to strike after talks fail

BOGOTA, Jan 29 (Reuters) – The largest union at Colombia’s top thermal coal mine Cerrejon has voted to strike following failed salary and benefit negotiations with the company, the union said on Monday. Cerrejon accounts for 37 percent of Colombia’s...

/ January 30, 2018