RECENT NEWS
Reuters  May 19  Comment 
South Africa's National Union of Mineworkers said on Sunday it would seek pay hikes of up to 60 percent from the country's gold and coal producers in upcoming wage talks which are expected to be among the toughest ever.     
Mining Weekly  May 3  Comment 
The A$5-billion T4 project at Port Waratah has been shelved for the time being, as coal exporters cut back on contract tonnages. Port Waratah Coal Services (PWCS) said this week that it had accepted voluntary reductions in contract tonnages from...
The Australian  May 2  Comment 
A $5 billion coal export terminal has been put on hold after Hunter Valley coal producers pushed to reduce contract tonnages.
guardian.co.uk  May 1  Comment 
Up to 2,000 jobs at risk after UK Coal Operations hit by £300m losses and 'disastrous' Daw Mill mine fire Britain's largest coal miner, UK Coal, is fighting for survival as it grapples with the consequences of the devastating fire that closed...
Bloomberg  Apr 11  Comment 
Shenhua, Partner Plan $1.7 Billion in Australian Wind Projects Shenhua Group Corp., China’s biggest coal producer, and Hydro Tasmania could jointly invest A$1.6 billion...
Wall Street Journal  Mar 27  Comment 
Faced with slowing domestic demand and attempts to reduce pollution, diversifying into other countries and commodities is the way forward for coal miners.
Mining Weekly  Mar 22  Comment 
Pelham Investments has acquired a 19.6% stake in Aim- and ASX-listed Beacon Hill Resources, the coal producer said on Friday. Pelham bought 236.26-million Beacon Hill shares from Renaissance Financial at 3 pence apiece, marking Renaissance’s...
The Australian  Mar 14  Comment 
THE ACCC will allow Whitehaven and a handful of coal producers to bargain collectively for access to a new Queensland terminal.
Reuters  Mar 6  Comment 
Thermal coal producers around the world face the prospect of mine closures as oversupply and weak demand drive down prices towards unprofitable levels.
The Hindu Business Line  Mar 3  Comment 
The world’s largest gathering of people is costing the world’s largest coal producer dear. “We lost about 300 rakes of loading because of the Kumbh Mela,” S. Narsing Rao, Chairman, C...




 

In the U.S., more than 90% of coal is used for the purpose of generating electricity and almost half of all electriity in the country comes from burning coal. [1]

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