The end of the mining boom and lower commodity prices are continuing to hit the global mining industry hard as the world’s biggest miners sell off unprofitable mines and troubled miners sell assets to cut debt. A new report by accounting firm Ernst & Young has found that the value of...

Private equity’s push into the Australian coal sector has continued as Denham Capital takes control of some of Peabody Energy’s best undeveloped acreage and hints it may buy more of the struggling coal miner’s Australian business. Peabody sold the tenements in...

BEIJING, May 12, 2016 /PRNewswire/ – China’s largest coal producer Shenhua Group has completed upgrades to its coal-fired power plants in the Beijing-Tianjin-Hebeiregion that will dramatically reduce their emissions. A milestone in China’s efforts to be more environmentally...

Moody’s expects the coal industry’s combined net income to decline by more than 10 percent over the next year to year and a half. As persistent weakened demands continue to hinder the industry and regulatory conditions, the EBITDA — earnings before interest, taxes, depreciation...

Coal India Ltd., the world’s biggest miner, saw production and shipments of the fuel fall year-on-year for the first time in 15 months as sluggish demand caused stockpiles to swell. Output in April dropped 3.4 percent from a year ago to 40.09 million metric tons, while shipments during the...

CHINA Shenhua Energy Company Limited, the nation’s top coal producer, has said its net profits plummeted 28.3 percent year on year to 4.74 billion yuan (US$734 million) in the first quarter of 2016. Shenhua, a State-owned enterprise listed both in Shanghai and Hong Kong, said in a...

China is the world’s largest consumer of coal, accounting for around half of global consumption [Xinhua] China’s coal consumption will be around 4.3 billion tonnes by 2020 amid a push to use cleaner fuels and shift a slowing economy away from heavy industry, the China National Coal...

TOKYO/JAKARTA, April 22 (Reuters) – The Japan Bank for International Cooperation (JBIC) has not decided whether to fund the $4 billion Batang coal-fired power station project in Indonesia, its chief executive said on Friday, following protests by green groups and landowners. PT...

Glencore and Tohoku Electric Power set a Australian thermal coal import price 9 percent below last year, although the traditional benchmark for industry pricing appears to be breaking down, sources said. The contract price for the financial year beginning April 1 was set at $61.60 per tonne,...