British Columbia government to restore structure at historic coal mine

Donald Blankenship, the former CEO of now-defunct Massey Energy, is now facing a $28-million fine in addition to a year in jail for his role in the Upper Big Branch mine blast.

Indonesia could exhaust its economically retrievable coal reserves by 2033, a study by PriceWaterhouseCoopers released on Monday showed.

The ramp up in Mongolian coal production will be faced with decreasing demand from China, the major importer of Mongolian coking coal.

EY notes that after the fifth consecutive year of declining deal volume and values, increasing levels of financial distress will trigger more divestments, spin-offs, joint ventures and possibly hostile takeover bids.

Cameco's McArthur River mine in northern Saskatchewan is expected to produce 20 million pounds this year.

The move comes as the Asian country is launching a new program this week that aims to attract mining exploration.

The Clean Energy and Coal Transition Act commits to eliminating the use of coal-fired power by 2035 and to double the amount of renewable energy by 2040.

Friday's jump in copper and iron ore prices propel mining stocks to biggest weekly gain since 2008.

Shares in the equipment and services provided soared almost 16% in early trading in New York.