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Coal Rally Continues Amid Concerns on Supply Availability to Meet Demand
June 7, 2021
Seaborne coal prices have been bullish over the past year, largely rising from pandemic lows last spring as global energy demand resumes and economies strengthen. The prices are signaling a lack of supply as producers scramble to rehire furloughed workers
Strata Worldwide to Distribute Aura IQ Conveyor Health Monitoring Technology
June 4, 2021
Strata Worldwide has signed a new premium partnership agreement with Future Fibre Technologies to distribute the company’s FFT Aura IQ™ Conveyor Health Monitoring System into mining and tunneling operations. This technology is designed to use real-time data to enhance asset
Poland Defies EU Top Court Order to Close Turów Coal Mine
May 27, 2021
The Polish government has said closing the Turow lignite mine would result in the layoff of thousands of workers and cutting power to millions of homes. It says the Czech Republic and Germany still operate lignite mines. Poland on Monday
Foran’s McIlvenna Bay Project Becomes World’s First Carbon Neutral Copper Development Project
May 27, 2021
Foran Mining Corporation said its 100 percent owned McIlvenna Bay project is now the world’s first carbon neutral copper development project following the completion of carbon offset purchases to offset emissions from exploration activities undertaken at the deposit over the
BHP and Encounter Resources Enter Into JV to Advance Elliott Copper Project, Australia
May 26, 2021
BHP has entered into a farm-in and joint venture agreement with Encounter Resources for the Elliott Copper Project in the Northern Territory in Australia. The joint venture will undertake an exploration program including seismic surveys and drilling. Under the farm-in
World’s Largest Mining Firm Glencore Pilots Blockchain Cobalt Traceability
May 26, 2021
A new blockchain cobalt traceability solution Re|Source is being piloted by three massive metals and mining firms Glencore, China Molybdenum Co (CMOC), and Eurasian Resources Group (ERG). Cobalt is an element used in most electric car batteries, with a large
In Climate Push, G7 Agrees to Stop International Funding for Coal
May 25, 2021
The world’s seven largest advanced economies agreed to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets. Stopping
EU Court Orders Poland to Immediately Suspend Mining at Turów Mine Following Czech Complaint
May 25, 2021
The Court of Justice of the European Union (CJEU) has ordered Poland to immediately cease mining operations at the Turów lignite mine near its border with the Czech Republic. The prohibition is an interim measure sought by the Czech government,
Asian Development Bank to Stop Financing Coal Plants
May 13, 2021
The Asian Development Bank (ADB) will stop financing new coal power plants under a draft energy policy released Friday, a move that was cautiously welcomed by environmental groups. The ADB, which provides loans and grants for projects in the poorest
Australian Government Commits $20 Million to Resources Strategy
May 12, 2021
The Coalition Government is investing $20 million in a Global Resources Strategy which will help diversify exports and find new markets for Australia’s resources and technology. Minister for Resources, Water and Northern Australia Keith Pitt launched the new global strategy
