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NEWS Click on text to read news by category: General | Product | People | Worldwide

Court Challenge to South Africa Mining Charter Postponed to February

November 30, 2017

A court hearing for a challenge by South Africa’s mining industry to revisions to a sector charter which include raising levels of black ownership has been postponed to February from December, country’s Chamber of Mines said on Monday. “A judge

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Perenco to Acquire Premier Oil’s Stake in Wytch Farm Oil Field for $200 Million, UK

November 28, 2017

London-based oil and gas explorer Premier Oil has reached a deal to sell its stake of 33.8 percent in the Wytch Farm onshore oil field in the UK to Perenco UK for $200m in an all-cash deal. The transaction sees

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Palaszczuk Amends Her Party Position of Adani Coal Mine Before Election, Australia

November 28, 2017

India`s Adani Enterprises Ltd faces a likely block on a A$900 million ($684 million) government loan to help build a giant coal mine in Australia, with the left-leaning Labor Party on track for re-election in a state poll. Queensland state

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Australia’s South32 to Make Its South Africa Energy Coal a Stand Alone Entity

November 28, 2017

Australian miner South32 Ltd on Monday said its South Africa Energy Coal (SAEC) business would be run as a stand-alone unit, with the goal of widening its ownership and possibly listing it on the Johannesburg Stock Exchange. “This will present

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AC Energy Set to Commence Operations at Coal-fired Power Plant in Kauswagan Next Year, Philippines

November 28, 2017

AC Energy Holdings Inc. said subsidiary GN Power Kauswagan Ltd. Co. is on track to complete a 552-megawatt coal-fired power plant in Kauswagan, Lanao del Norte next year. AC Energy President and Chief Executive John Eric Francia said the project

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De Beers Puts Its Voorspoed Mine Up for Sale, South Africa

November 28, 2017

Rough diamond producer De Beers put its Voorspoed mine in the Free State up for sale after talking about closing its second-last operation in SA. De Beers, which is 85 percent owned by Anglo American and is the world’s largest

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Mining and Heavy Industry Lead the Way as China’s Industrial Profits Surge

November 28, 2017

China’s industrial firms weathered a broad government crackdown on financial risks as profits continued to surge last month in a stabilizing force for the world’s second-biggest economy, which has started to cool slightly in recent months. The vast industrial sector

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Germany’s Respite for Coal May End as Talks Resume With Chancellor Angela Merkel

November 27, 2017

The future of Germany’s coal industry is moving back into the spotlight as Chancellor Angela Merkel restarts talks on forming a new coalition government, with pressure building for stricter limits on the most polluting fuels. Two months after national elections,

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Strong Outlook for Poland’s New Coal Mines

November 27, 2017

Investor confidence in Poland’s coal mining industry is on the up again due to strong international prices for coking coal and strong steel demand. There are three high quality coking coal projects under development in Poland, which will diversify supply

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Coal Becomes a Flashpoint in a Close Election in Australia

November 27, 2017

The bars along Wood Street have gone quiet. Thirsty mine workers on six-figure salaries have become a rarity since a coal-exporting boom ended. Boom-bust cycles are hardly new for this northern coastal city in the state of Queensland. But Greg

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