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Australian State of Victoria Grants Payment Deferrals to Help Mining Firms Survive Coronavirus
May 27, 2020
Policymakers in the Australian state of Victoria have moved to support the region’s mining industry through the coronavirus crisis by deferring the collection of rents and annual fees. The policy amounts to an immediate saving of around 3.5 million Australian
Peabody to Suspend Operations for 59 Days at Wambo Underground Coal Mine, Australia
May 27, 2020
US energy firm Peabody will close its 2.5mn t/yr Wambo underground thermal and semi-soft coking coal mine in New South Wales (NSW), Australia to align production with weaker demand and offset the effect of lower coal prices. The firm will
Operations Halted at AngloGold Ashanti’s Mponeng Mine After COVID-19 Outbreak, Africa
May 27, 2020
Operations at the world’s deepest gold mine, in South Africa, have been halted after 164 cases of coronavirus were detected there. The Mponeng mine, like all others in the country, resumed operations last month after being closed in March as
Pembroke Resources’ Olive Downs Coal Project Receives Federal Environmental Approval, Queensland
May 26, 2020
Pembroke Resources has received approvals from the Department of Agriculture, Water and the Environment under the Environment Protection and Biodiversity Conservation (EPBC) Act for its Olive Downs Coking Coal Project in Central Queensland. The EPBC approvals, together with the grant
Sierra Metals Releases COVID-19 Update for Its Operations in Peru and Mexico
May 26, 2020
Sierra Metals said that the Peruvian Government has extended its state of emergency and a nationwide lockdown to fight the COVID-19 pandemic until June 30, 2020. President Martin Vizcarra, said the latest extension, would come with the reopening of certain
India Approves New Auction Process for Awarding Coal and Lignite Blocks
May 22, 2020
As part of India’ strategy to revive economic activity, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a new auction process for awarding coal and lignite blocks on revenue sharing basis. Earlier, blocks were awarded on a fixed
Chinese State-owned Utilities Warned Off Australian Thermal Coal
May 22, 2020
China’s National Development and Reform Commission has told five major state-owned utilities not to buy Australian thermal coal for the time being, in a move to boost domestic prices, market sources said. Deals for Australian thermal coal cargoes transacted on
Norway’s $1TN Wealth Fund Ditches Mining Heavyweights Over Coal Performance
May 22, 2020
Norway’s trillion-dollar sovereign wealth fund has ditched a host of big-name mining and energy firms from its investment portfolio for breaching its standards on coal use and environmental performance. Miners Glencore and Anglo American have been excluded from the Government
Newmont Releases Updated 2020 Outlook and Confirms Long-term Guidance
May 21, 2020
Newmont said the company continues to ramp up operations at Peñasquito, Cerro Negro, Éléonore, and Yanacocha. Among Newmont’s 12 operating mines and two joint ventures, 13 sites will be fully operational in the coming weeks. “We are pleased to be
Air Products Invest $2 Billion in Coal-to-Methanol Production Facility, Indonesia
May 20, 2020
US-based industrial gases company Air Products has announced an investment of $2 billion to build a coal-to-methanol production facility in Bengalon, East Kalimantan, Indonesia. For the project, the company has signed long-term on-site contract with two Indonesian companies. Bakrie Capital
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