Category: Coal
Historic Siberian mine to become automated
The Siberian Coal Energy Company or SUEK has partnered with Zyfra Group’s subsidiary VIST Group, to develop an unmanned drilling technology at the Tugnuysky coal mine, located on the border between the Buryatia and Chita regions in south-central Siberia. Officially...
World's coal miners may be digging themselves into another glut
A global push to dig new mines for steelmaking coal is drawing warnings that a supply glut could push the industry from a boom to a bust, mirroring the brutal 5-year price slump that ended in 2016. Coal’s use to...
Proposed legislation by Rep. Grijalva in US a ‘disaster in the making’, says AEMA
The American Exploration & Mining Association (AEMA) has made the following statement in response to the Subcommittee on Energy and Mineral Resources Hearing discussing Rep. Raúl Grijalva’s (D-Ariz.) Hardrock Leasing and Reclamation Act of 2019: The sweeping changes in Rep....
Norway is using its wealth to lead an exodus from coal
Norway’s proposal to divest billions more from coal, and instead use the world’s largest sovereign wealth fund to invest in solar and wind is a sign of things to come – and may just be what catapults the global clean...
Norway's KLP fund cuts coal exposure
Norwegian pension fund manager KLP has sold 3.2 billion crowns ($366 million) of bond and equity exposure in 46 companies, including leading miners BHP and Anglo American, after a decision to withdraw from thermal coal. Fund managers have become increasingly...
Mexico to recover bodies of miners killed in 2006 blast
Mexican President Andres Manuel Lopez Obrador pledged on Wednesday to recover the more than 60 remaining bodies of miners killed in a massive coal shaft explosion in 2006, a mission he described as a humanitarian promise made to victims’ families....
Last coal-fired power plant in Massachusetts gone in a few seconds
It took only 10 seconds to implode two 500-foot cooling towers that belonged to the Brayton Point Power Station in Somerset, Massachusetts. The concrete structures demolished last Saturday were the last remains of the last coal-fired plant in the northeastern...
A trashy alternative fuel is emerging deep inside coal country
In the heart of America’s coal country, a cavernous new recycling plant is turning trash into a fuel that burns cleaner than coal, using a first-in-the-nation process hailing from Europe. Just don’t call it a “replacement” for coal. “We like...
Trump drive to boost fossil fuels hits a wall in federal courts
From easing regulations on coal mining to opening more federal land to oil drillers, President Donald Trump has kept a laser focus on bolstering the U.S. fossil fuel industry to achieve what he calls “energy dominance.” Time and time again,...
A coal miner's less-is-more lesson for frackers
Arch Coal Inc. has a novel approach to beating the market: by not getting any more valuable. The miner’s stock has risen by almost 50 percent since October 2016, when it emerged from bankruptcy. Its market value, however, is roughly...
Coal prices are up and US miners still can't catch a break
The global coal markets have been on a tear lately. And America’s miners are still tanking. Blame natural gas. St. Louis, Missouri-based miner Foresight Energy LP is having its worst month in three years as cheap gas continues to push...
China's green light on coal power won't trigger new plant boom
China’s green light to build more coal-fired power plants probably won’t usher in a flurry of new construction as most policies and investments in the top energy user will tilt toward renewable sources. More than 10 regions will be freed...