Trump administration’s plan to boost coal, nuclear power rejected

The Republican-controlled Federal Energy Regulatory Commission or FERC unexpectedly and unanimously rejected Energy Secretary Rick Perry’s plan to boost nuclear plants and slow down the closure of coal-powered plants. According to Perry, the US’ power grid would become vulnerable if more coal-fired power plants were to close down, a common occurrence in past years as[…]

Coal dwarfs battery metals in mining deals despite war on pollution

LONDON (Reuters) – Coal and iron ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future. While the biggest deal was in Brazil, China was a top player despite planning to reduce domestic coal and steel-making to tackle smog[…]

CHARTS: Big mining's surge in value shames tech giants

Big cap diversified miners are riding a wave of optimism as global growth prospects – especially in manufacturing – continues to strengthen.  Global economic activity as measured by the JP Morgan global manufacturing and services index showed output rising at the fastest pace since March 2015. The manufacturing index has now signalled expansion for a record 82 months[…]

China aims to supersize coal sector through mergers

BEIJING, Jan 5 (Reuters) – China said on Friday it plans to create several “super-large” coal mining companies by the end of 2020 as the world’s biggest producer of the fuel ramps up years of efforts to streamline the fragmented sector and slash outdated capacity. The country’s National Development & Reform Commission (NDRC) said in[…]

Blue skies, green cars and a year of revolution for industrial metals: Andy Home

LONDON, Dec 22 (Reuters) – A little bit of metals history was recorded on March 29 this year. The small Central American country of El Salvador became the first nation to ban all exploration, mining and processing of metals. Don’t worry if you didn’t notice. El Salvador doesn’t have any operating mines. It was going[…]

Moroccans continue to protest against the “mines of death"

On December 31, residents of Jerada, in northeastern Morocco, braved the winter cold and stayed on the streets late into the night in what was the ninth day of continued rallies in demand for jobs, social development and government intervention in what the call “the mines of death.” This time, protesters showed up dressed as[…]

India’s Singareni Collieries wants to produce 85 million tonnes of coal per year

In a year-review post published on its official Facebook page, state-owned Singareni Collieries Company Limited announced that it expects coal production to touch 85 million tonnes per annum in the next five years as it plans to open up 12 new mines. The company’s outlook is also based on the fact that during the fiscal[…]

Russia's Mechel says has enough creditor support for restructure of $1bn loan

Russian coal and steel producer Mechel said that talks with banks on restructuring a $1 billion syndicated loan had concluded successfully. Mechel, which is controlled by businessman Igor Zyuzin and came close to bankruptcy last year, had circulated the final draft of a restructuring proposal among its creditors last week. It needed the support of[…]