Gold price to hit $2,300 next year on inflation risks, zinc price soars as Vedanta halts Gamsberg mine after accident, Dominion Diamond Mines to restart Ekati.
The world's biggest thermal coal trader plans to lay off contractors at its operations in Australia's New South Wales state due to a prolonged market downturn.
The company requested the Labor Ministry convene an arbitration tribunal to solve a dispute with its largest workers' union and lift a more than 70-day strike.
The Institute for Energy Economics and Financial Analysis says that prior to the covid-19 pandemic, Peabody Energy had been posting losses for five consecutive quarters.
With Biden proposing to hasten the demise of coal and other fossil fuels with his $2-trillion climate plan, miners of so-called strategic metals are hoping Biden's team sees them as partners, not foes.