Two coal companies bankrupted by covid as industry slides

On the level of transparency in the approvals process, jurisdictions in the US, Australia and Scandinavia performed better than Canada, a fresh report by the Fraser Institute, shows.

Both provinces displaced Western Australia from the first to the third place thanks partly to their rich mineral reserves, competitive tax regimes, efficient permitting procedures, and certainty surrounding environmental regulations.

The Trump administration has made another pro-coal decision, this time relating to how Washington calculates royalties on coal mined from federal and Indian lands.

Things are looking up for the Australian coal industry.

A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.

The world's No.1 heavy machinery maker is telling miners not to rest on their laurels now that the industry is finally coming back up from a brutal downturn and keep focused on maximizing returns and efficiency.

The world's number five diversified miner posted its first annual net profit in five years.

Up 7% year on year across all regions, supporting rally in iron ore and rebound in coking coal prices.

Net profit was $3.2bn for the six months to December 31, compared with a loss of $5.7bn in the same period a year earlier.