Pandemic hits beleaguered US coal industry hard

He had pleaded guilty last year to conducting 102 illegal trades related to two Perth-based companies, Sundance Resources Ltd. and Bannerman Resources

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.

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.

Once Australia's youngest billionaire, the electrician turned coal baron has failed to pay off his private jet and other debts and is now officially ruined.