Germany’s 2019 hard coal imports fell 14.7%

Beijing’s decision to ease production has sent coal prices soaring this summer.

Coal miner Peabody Energy Corp, which filed for Chapter 11 bankruptcy protection in April,asked a bankruptcy court on Wednesday to let it pay up to US$11.9 million in incentives to its executive leadership team should the group meet certain performance targets.

Devised by California-based Richfield Oil Corporation, Project Oilsand was uncannily simple: Get an atomic bomb from the Americans and blow it up under Athabasca.

New report shows commodity assets under management jumping to $235 billion, the best performance since 2009, largely due to physical gold ETF inflows.

Oil and gas companies have gutted their capex budgets, necessary moves as drillers went deep into the red following the crash in oil prices. But the sharp cutback in investment means that huge volumes of oil that would have otherwise come online in five or ten years now will remain on the sidelines.

Yeelirrie mine deemed a threat to the environment says agency

"The global economy seems stuck in a subdued low-productivity growth pattern," says world's number two miner after reporting lowest earnings in 12 years.

The concept has been around for some time in various fields, including new technology, entertainment and media, and has been relatively successful. As a result, some mining companies have decided to utilise it.

CHART: The gold price may grab headlines, but coal's rally comes as a shocker – thermal prices are up 22% in 2016 and coking coal's back in triple digits.