World seaborne coal trade rose 1.5 pct in 2017 – German importers

FRANKFURT, Jan 12 (Reuters) – World coal seaborne trade increased by 1.5 percent last year due to a recovery in output in producer countries such as the United States, Russia and China and an accompanying rise in export activity, German coal importers lobby VDKI said on Friday. * VDKI (Verein der Kohlenimporteure), whose 70 member[…]

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[…]

Helicopter operated by Russian coal company crashed in Arctic Norway

A Mi-8 helicopter operated by Russian coal company Arktikugol crashed on Thursday with eight people on board into the sea off Svalbard. According to the rescue service for northern Norway, the helicopter was en route from the Russian settlement of Pyramiden to Barentsburg, where Arktikugol runs a coal mine and which is Svalbard’s second-largest settlement[…]

UNEP urges mining companies to better manage tailings facilities

The United Nations Environmental Programme released a report titled “Mine tailings storage: safety is no accident,” where the organization urges mining companies to put safety first and avoid erecting dams using methods that are known to be high risk. “The United Nations Environment Rapid Response Assessment on mine tailings looks at why existing engineering and[…]