Tag: Mining
Canadian lithium, cobalt miners may benefit from EV batteries boon
EV batteries use a game changer for small mining companies Canadian mining companies developing cobalt and lithium mines all over the world are hoping to benefit as automakers shift to building electric vehicles, driving up the need for EV batteries. According to a Reuters report, Toronto-listed cobalt companies, Ecobalt Solutions and Fortune Minerals are in […]
Mining services companies shares outstrip oil peers
Mining services companies index rising Mining services companies have performed better than their oil sector peers, buoyed by spending on new technology and a more bullish outlook for the mining industry. According to a Reuters report, the index of mining services companies, including Atlas Copco, Sandvik and Metso, have increased by over 50 per cent […]
US coal power generation rises during 2016 H2 as natural gas prices go up
Electricity generation accounts for over 90%of domestic coal use After falling in six out of seven quarters from mid-2014 to mid-2016, coal production rose in the third and fourth quarters of 2016, according to the US Energy Information Administration. Among the coal supply regions, the Powder River Basin in Montana and Wyoming saw the largest increases […]
Mine bosses say transparency will not be clouded by U.S. rule changes
Transparency provides “social licence” to operate: Industry body By Ed Stoddard CAPE TOWN, Feb 9 (Reuters) – The expected demise of transparency regulations for minerals and oil companies listed in the United States will not cloud the global drive for financial clarity in extractive industries, company executives told Reuters at an Africa mining conference. Efforts […]
Railroad Commissioner Christian says coal important to Texas energy supply
Wayne Christian was elected to join the Railroad Commission of Texas in Nov. 2016 Railroad Commissioner Wayne Christian this week toured Luminant Mining Co., LLC.’s Three Oaks Mine and Alcoa Inc.’s Sandow mine reclamation area in Bastrop, Lee and Milam counties. This was Commissioner Christian’s first site visit since taking office in early Jan. “Texas […]
Taking a closer look at Donald Trump’s blueprint for US energy
Keeping oil and gas growth pace, but spurring rebound in coal production could be challenging, regardless of policy President Trump wants to create federal government policy that powers a recovery in domestic fossil fuel production, driving renewed drilling and mining investment, and creating new jobs in mines and on rigs. Will these policies — likely […]
In 2015, US coal production, consumption, and employment fell over 10%
2015 employment at US coal mines in decreased by 12% to 65,971 employees US coal production dropped by more than 10 per cent in 2015 to 897 million short tons (MMst), the lowest production level since 1986, according to the US Energy Information Administration. Production in all three major coal-producing regions (the Appalachian, the Interior, and […]
Rio Tinto Australian coal mine Blair Athol sold for a dollar
Rio Tinto Blair Athol mine closed in late 2012 By Harry Pearl SYDNEY, July 4 (Reuters) – A small Australian miner on Monday bought Rio Tinto’s Blair Athol coal mine in Queensland state for a token A$1, swooping in as big miners offload unprofitable assets after years of low coal prices. TerraCom Ltd, a subsidiary […]
U.S. mining, exploration investment declined 35% in 2015
Mining and exploration investment as a share of total private investment declined from 5.2% in 2014 to slightly more than 3% in 2015 Mining and exploration investment declined 35 per cent in 2015, the second largest year-over-year decline since the U.S. Bureau of Economic Analysis (BEA) began reporting the series in 1948. Most mining and exploration investment […]
Coal producer Alpha Natural Resources files for Chapter 11 bankruptcy protection
Utilities switching away from coal to natural gas Alpha Natural Resources is filing for Chapter 11 bankruptcy protection, the fourth big coal producer to do so within the last two years. The company operates about 60 coal mines throughout Virginia, West Virginia, Pennsylvania, Kentucky, and Wyoming. Coal prices have plunged in recent years as utilities […]
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