June 14, 2012

Thermal is wrecked: Chinese inventories climb to 2008 financial crisis levels

In China’s Qinhuangdao, the world’s largest coal port by capacity, inventories have exceeded levels last seen in late 2008 during the height of the financial crisis.

June 14, 2012

Scathing report calls India’s 2,600 mines ‘out of control’

Illegality in the mining sector has deprived state governments of badly needed revenues, threatened the industry with costly and unpredictable shutdowns, and generated political chaos that helped bring down two…

June 14, 2012

Supporters rally for Kentucky coal

Kentucky still has plenty of friends of coal and many turned out to bash federal regulators who have delayed action on 36 mining permits the state issued in 2010 and…

June 14, 2012

Kenya invites bids for two coal blocks

Kenya has invited investors to bid for the exploration and development of two coal blocks in the country's eastern region, the energy ministry said.

June 14, 2012

Indian firm in talks to buy Colombian coal mine stake for $1 billion

The Aditya Birla group is looking to buy the rights to between 20% and 40% of the coal produced by Drummond's Colombian coal mines to feed its $5 billion aluminium…

June 14, 2012

Anglo American: Met coal pricing affected by supply issues, not demand

US miners are filling the supply gap left by Australian miners.

June 14, 2012

Argentina mine exports grind to a halt on foreign exchange rules

Argentina's mining exports have virtually ground to a halt and companies are stockpiling gold, copper and other minerals due to foreign exchange rules that are impossible to comply with, a…

June 13, 2012

Coal’s good year and uranium’s worst year

Last year coal was the the only fossil fuel to record above average worldwide growth at 5.4%, while nuclear power consumption was off 4.3%, the largest decline on record, said…

June 13, 2012

Shares jump as Australian billionaire moves to take over Whitehaven Coal

Nathan Tinkler had been widely expected to sell down his 21% stake in Whitehaven Coal, but is instead looking to taking over the business.

June 12, 2012

Great Barrier Reef coal mine turning into Australia’s Keystone XL

Greenpeace takes out ads saying investing in the mega-mine is "risky business" and calls into question the ability of India's GVK to pull off the project as the group "has…