China added 194 million tonnes of coal mining capacity in 2018 despite vows to eliminate excess capacity in the sector and to reduce fossil fuel consumption.
The Manibridge nickel deposit was first discovered in 1963 and it sits on the Thompson Nickel Belt, the fifth largest and third highest grade sulphide nickel belt in the world.
Strong export prices are providing healthy cash flows for now. But with U.S. utilities largely shifting to cheap natural gas and clean renewables, there’s not much reason to dig new mines or scoop up acquisitions.
West Cumbria Mining plans to open the country’s first new deep coal mine is a step closer after councillors in the English county of Cumbria unanimously approved the project.