DOE funds $6.9M in projects to extract REEs from coal

The U.S. Department of Energy (DOE) is building on earlier funding into research aimed at pulling rare earth elements (REEs) from coal. The DOE today said it will it will invest $3 million through three projects that will receive about $1 million each. The projects will use coal sourced from  Kentucky, Pennsylvania and West Virginia. Another[…]

North Korea coal exports down to zero on China ban, UN cap

North Korea’s global coal exports went down to zero in April, data released Friday shows, mainly due to China’s recent decision to ban imports from its nuclear-armed neighbour for the rest of the year. According to the US Energy Information Administration’s (EIA) latest brief, coal shipments from North Korea to an unnamed country fell from[…]

Trump goes after another of the Obama-era protection rules to favour miners

The Trump administration is going after another of the Obama-era environment protection rules by ordering a review of conservation plan for the greater sage grouse, in a move that would make more land available to oil, gas and mining companies. Announcing the measure, Interior Secretary Ryan Zinke said that while the federal government has a responsibility under[…]

CHART: Commodity prices slump to 50-year low against US stocks

The Dow Jones, S&P 500 and Nasdaq closed at record highs on Friday despite signs that US jobs growth is slowing down and that expansion of the world’s largest economy remains stuck around the 1% level.“Following the notion of mean reversion, we should be seeing attractive investment opportunities” In contrast the S&P GSCI All Commodities index is[…]

How the US coal industry is reacting to the Paris Climate Accord withdrawal

While the global reaction to President Donald Trump’s decision to withdraw from the Paris Climate Agreement was largely critical, at least one energy industry important to Trump celebrated his decision to break from the accord — the coal industry. Four of the five largest coal producer companies in the United States supported Trump’s move, citing[…]

Another BHP investor pressing for oil spinoff, board shake-up

Australia’s Tribeca Investment Partners became Friday the second shareholder in world’s largest miner BHP Billiton (ASX: BHP) (LON:BLT) to publicly press for strategic changes at the company. Tribeca, a Sydney-based boutique hedge fund, has sent the miner an eight-page letter titled “Making BHP Great Again,” in which it says the company could raise nearly $10 billion from the[…]

INFOGRAPHIC: The numbers behind the world's closest trade relationship

Courtesy of: Visual Capitalist Whether we’re discussing the ancient merchants that traversed the legendary Silk Road, or the transfer of goods across modern border lines, trade has always been about building close relationships. There are many examples of strong and mutually-beneficial trade relationships all throughout history, but one doesn’t have to look far back to[…]

South32 buys stake in Canada’s Arizona Mining for $81 million

Australia’s South32 (ASX, LON, JSE:S32) is investing some of its $1.5 billion of cash in a minority stake in Canada-listed Arizona Mining (TSX:AZ), which plans to develop a zinc-lead-silver project in Arizona. Deal comes only two weeks after South32 walked away from a $200 million planned acquisition of Peabody Energy’s coal mine in New South Wales. As part of[…]