Adani to go ahead with polemic Carmichael coal mine after all

Indian conglomerate Adani Group has decided to go ahead with its $12 billion (A$16bn) Carmichael coal mine and rail project in Queensland, Australia, one of the world’s largest thermal coal mines approved in recent years. The decision comes only days after the conglomerate agreed to pay the state hefty royalties on the coal produced there[…]

Australian officials slam banks decision to refuse backing country’s largest coal project

As “strange” and “disappointing” qualified Australia’s Federal Finance Minister Mathias Cormann the decision by the country’s four biggest banks to rule out or withdraw funding for Adani’s Carmichael coal mine and rail project. The lenders’ move follow a decision by Australia’s second-largest bank Westpac, unveiled on Friday, to only fund new projects in existing, rather[…]

Coking coal price soars past $300

The market for coking coal took another leap on Monday with the steelmaking raw material surging more than 6% to $300.30 (Australia free-on-board premium hard coking coal tracked by the Steel Index), a 19-week high. Coking coal has doubled in two weeks on the back of  disruption to Australia’s coal exports associated with Cyclone Debbie which[…]

Coal dust near Great Barrier Reef worries scientists, environmentalists

The recent discovery of coal dust near Australia’s Great Barrier Reef has academics and environmentalists up in arms and has triggered an investigation on the nearby Hay Point port, which ships tens of millions of tonnes of coal a year to global markets. The leak took place in early February, causing black coal dust (pulverized,[…]

‘Trump effect’ on resurgent Iranian mining sector close to none — analysts

The government of US President-elect Donald Trump will have no significant impact on foreign investments into Iran’s mining sector, as any re-instatement of sanctions will, if at all, pose minimal additional hurdles to entrepreneurs, according to analysts. In a note Monday, BMI researchers say they rather see other factors, such as domestic operational challenges and[…]

Coal-fired power plant in India makes baking soda out of carbon dioxide

A fertilizer manufacturing company from the southern Indian city of Tuticorin has begun capturing carbon dioxide (CO2) emitted from its coal-powered plant and using it to make baking soda. System uses a new proprietary solvent that is reportedly slightly more efficient than those used conventionally, requiring less energy and smaller equipment. The ground-breaking method, developed by Carbon[…]

At least 12 dead after coal mine collapse in India, Myanmar jade mine landslide

Two separate mining accidents in India and Myanmar have together claimed the lives of a dozen miners, though the death toll may soon rise as the search for bodies continues. In India, Aljazeera reported at least 10 people were killed and up to 50 more are trapped after a section of a coal mine collapsed in the[…]

Clinton, Australian anti-coal activists, and Wikileaks

A series of emails made public by Wikileaks shows that activists opposing Adani Group’s $12 billion Carmichael coal mine and rail project in Queensland, Australia have been receiving funding from an American organization and were not keen to disclose who was financing their activities. Although the electronic correspondence dates back to 2015, it was circulated[…]

Peabody Energy in restructuring talks with lenders, stakeholders — sources

Peabody Energy (OTCMKTS:BTUUQ), the world’s largest privately owned coal producer which filed for bankruptcy in April, is said to have taken the first steps towards a major restructuring following the release last week of a preliminary plan, sources familiar with the matter said. The company’s lawyers plan to hold a call with lenders before the end[…]