Mining

US coal companies need speed up cuts to production if coal prices are to have any chance of turning around.

A round-up of some of this week's key news items from the international coal industry, from the latest mining updates to outlooks on the US Supreme Court stay of the Clean Power Plan.

US mining and exploration investment spending fell by 25% in 2015, the second largest year-on-year fall since reporting began.

The South African Competition Commission has recommended the purchase of Optimum Coal by Tegata Exploration and Resources be approved.

THEnergy and Ripasso have released a study on the uses of renewables in mining.

Global mining giant, Rio Tinto, recorded a loss of US$866 million in 2015 on the back of falling metals prices.

Australian Pacific Coal’s CEO, Nathan Tinkler, has resigned following a Federal Court of Australia judgment that removes his ability to carry out his current roles.

Approximately 75 employees could loose jobs at River View Coal and White County Coal, as well as 200 temporary layoffs at Hamilton County Coal, as a result of reducing operational units.

Kibo Mining completes Phase 1 of the Mbeya coal-to-power project, integrated bankable feasibility study.

A third of coal mines operating at a loss according to new report. Governments should be doing more to aid the sector in the downturn to support existing operations, according to QRC CEO Michael Roche.

A round-up of some of this week's key news items from the international coal industry, from the latest mining updates to outlooks on SSE’s intention to close Fiddler’s Ferry coal plant.

CIMIC has revised its takeover bid for Sedgman following a complaint by Sedgman to the Australian Takeover Panel.

TerraCom, the operators of the Baruun Noyon Uul coal mine in Mongolia, is considering opportunities to buy existing coal mines in Queensland and Indonesia.

A new report from the Mining Association of Canada indicates the mining industry has made a strong economic contribution to Canada despite its downturn.

Australia’s Hunter Valley farmers benefit from more fertile soil as a result of a carbon management project.