Mining

Coal Marketing Co., the exclusive carrier of coal from the Cerrejon mining operation in Colombia, has declared force majeure on 900,000 t of coal shipments due to ongoing industrial action.

According to news reports, the Sena railway in Mozambique has been closed due to heavy rains.

Tony Burke, the Australian environment minister, has conditionally approved the Maules Creek and Boggabri coal mine projects, and the Gloucester CBM project.

Hodges Resources has announced that its Moropule South project is financially viable, following the complete of mine scoping and power integration studies.

Effective risk management in the coal industry is all about people. To succeed, you need to embed a risk-aware culture and make the risk process simple and relevant so that it becomes part of everyone’s daily job. Loren Padelford, Active Risk, US, explains further.

Weak demand from Chinese and Australian coal mines has helped to drive orders for Sandvik’s products and services down by 5% in Q4 2013 compared to the same period in 2011.

Caterpillar has reported record earnings of US$ 65.9 billion in 2012, despite a US$ 580 million writedown on its Siwei acquisition.

Central European coal and coke producer, New World Resources, has announced an increase in metallurgical coal prices for Q1 2013, but significantly lower thermal prices.

Anglo American has announced a rise in both metallurgical and thermal coal production in Q4 2012, while iron or and platinum production were down.

The world’s largest mining company has announced Q4 2012 production figures broadly in line with analyst’s expectations for petroleum and metallurgical coal, although thermal coal production was lower.

The Minamata Convention will introduce a range of global controls to reduce mercury emissions.

The merger of Glencore and Xstrata has been approved by the South African Competition Tribunal, leaving only China yet to ok to deal.

Caterpillar has announced it will take a US$ 580 million “goodwill impairment charge” on its acquisition of ERA Mining Machinery and its subsidiary, Zhengzhou Siwei Mechanical & Electrical Manufacturing Co. Ltd.

The legislature of the Crow Tribe of Indians has approved agreements with Cloud Peak Energy to explore Power River Basin coal deposits located on its reservation.

Global mining major, Rio Tinto, has released its Q4 2012 operations review, reporting a rise in thermal coal production but a drop in metallurgical coal production.