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Energy Crisis Worsens as Russia Delays Coal Supply
February 25, 2022
Coal prices are rising again as the Russia-Ukraine crisis has put energy markets on alert and Russian coal producers struggle to get their coal via railways to export terminals due to COVID-related railway staff shortages. JSC Kuzbassrazrezugol (KRU), asked customers
Newmont to Acquire Buenaventura’s Stake in Yanacocha for $400 Million
February 24, 2022
Newmont and Compañia de Minas Buenaventura S.A.A. have entered into a definitive purchase agreement where Newmont will acquire Buenaventura’s 43.65 percent interest in Minera Yanacocha. “Newmont has successfully operated in Peru for more than 30 years and has deep knowledge
Coronado to Take on Management and Operation of Four Fleets at Its Curragh North Mining Area
February 23, 2022
Coronado Global Resources said it will take on management and operation of four mining fleets from Thiess at its Curragh North mining area, which is part of the greater Curragh Complex in Queensland’s Bowen Basin. The arrangements will see Coronado
Russia and China Sign New Coal Deal for 100 Million Ton Supply
February 23, 2022
Russia and China have agreed on a new deal that will see Russia supply 100 million tons of coal in the “coming years” to its southern neighbor. Sergey Mochalnikov, the head of the Russian Energy Ministry, announced the deal on
Tesla Secures Lithium Supply from Liontown Resources, Australia
February 21, 2022
Tesla (TSLA) has signed a contract to secure lithium supply from an upcoming mine in Australia developed by Liontown. The critical material to battery production is expected to start flowing in 2024. With the rise in popularity of electric vehicles,
France’s Renault and U.S. Carmaker Rivian Back Moratorium on Deep-sea Mining
February 16, 2022
France’s Renault and U.S. carmaker Rivian have backed a moratorium on deep-sea mining and will exclude seabed metals from their supply chains in a blow to an industry that aims to capitalize on demand from electric vehicle and other industries.
U.S. Thermal Coal Exports Hit Four-year High in 2021
February 11, 2022
U.S. thermal coal exports surged to four-year high 36.17 million mt in 2021, up 47.9% from 2020, according to U.S. Census Bureau data released Feb. 9. December thermal coal exports totaled 3.12 million mt, up 0.7 percent on the month
Anglo American Starts Up New Aquila Coal Mine in Queensland, Australia
February 9, 2022
Anglo American’s new Aquila Coal Mine has achieved its first longwall shear of steelmaking metallurgical coal on schedule and on budget, marking the project’s final stages of construction and commissioning. The Aquila mine, located near Middlemount in Central Queensland in
Coal’s Not Dead, and Won’t Be for Years to Come
February 4, 2022
Coal may be losing market share as a major energy source in some parts of the world, but the death knell for the industry hasn’t sounded yet, and might not for decades. Thermal coal which is used for power generation,
Thiel-Backed Miner Partners With Bilfinger on Europe’s First Lithium Refinery
February 4, 2022
Rock Tech Lithium Inc. and Bilfinger SE have agreed to cooperate on building Europe’s first lithium refinery in a push to supply the region’s shift toward battery-powered cars. The Canadian miner and the German industrial services provider have signed a
