June 19, 2013

US firm buys half of Tinkler’s stake in Whitehaven Coal

Former Australian mining billionaire forced to sell in order to pay off debts.

June 18, 2013

Russia plans to export more coal to southeast Asia and beyond

A new port plus an expansion at an existing port will meet growing demand.

June 17, 2013

Coal India to invest $4 billion in two Aussie assets

Increasing demand from its domestic market, especially power producers, is pushing Coal of India to seek more overseas mines.

June 17, 2013

Mexico shuts down more than 20 coal pits due to child labour probe

Particularly in the state of Coahuila, which holds 80% of the country’s coal deposits.

June 16, 2013

A coal billionaire’s companies accused of taking too long to pay their bills

“The coal business is terrible."

June 15, 2013

Rio Tinto raises US$3 billion in bond issue

Bookrunners are BNP Paribas Securities Corp., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Credit Suisse (USA) LLC and RBS Securities Inc.

June 14, 2013

Coal is the fastest growing fossil fuel again

In 2012 its consumption grew by 2.5% in comparison to 2.2% for natural gas.

June 14, 2013

Miners’ new trilogy: flat revenues, profit drop and weak share prices

Report shows mining companies are not longer trusted on their abilities to control costs, deliver on promises and cope with resource nationalization demands.

June 14, 2013

Mitsubishi puts Australian iron ore project on hold

It failed to find an investment partner.

June 14, 2013

US losing money on coal leases: report

Bureau of Land Management selling mining leases at below market value adds up to billions of lost dollars.