China vows to end funding for overseas coal power plants
China’s president Xi Jinping has pledged to stop backing new coal power plants overseas a move that would cut off a key source of financing for projects involving the dirty…
Coal
Australia approves Whitehaven’s controversial coal mine expansion
Whitehaven Coal (ASX: WHC) has been granted the green light to expand its Vickery project in New South Wales despite a global push to lower carbon emissions and a historic court ruling on authorities’ obligation to children to consider environmental harm before…
FirstRand bank to scrap loans to new coal mines, plants from 2026
It makes it one of only two big South African lenders to close the door on funding for such activities altogether.
MINExpo panel highlights ongoing digital transformation of mining, need to recruit young talent
After a year-long delay, MINExpo 2021 – the mining industry’s first big in-person event since the start of the Covid-19 pandemic – kicked off yesterday in Las Vegas. The massive…
TSX posts small gain, Aug. 30-Sept. 3
The S&P/TSX Composite Index rose 176.80 points or 0.86% to finish the August 30 to September 3 trading week at 20,821.40. The S&P/TSX Global Mining Index fell 0.92 points or…
The View from England: Burning lessons for mining
The ‘Burners’ amongst you will not need reminding that the Burning Man festival takes place in Nevada’s Black Rock Desert every year during the week leading up to the U.S….
Blair Athol coal mine life extended by 10 years
Life extension of central Queensland’s coal mine follows a reserves update that added 19.5 tonnes.
BHP looks to the future; US Senate passes infrastructure bill
After years of indecision and US$4.5 billion (pre-tax) invested in development since 2008, BHP has announced that it will move forward with its Jansen potash project in Saskatchewan and approved…
Benga Mining applies for judicial review following Canada’s coal mine snub
A unit of Australian billionaire Gina Rinehart’s Hancock Prospecting, Benga Mining, has applied to the Federal Court of Canada for a judicial review of the rejection of the proposed US$800…
Feds give thumb’s down to Grassy Mountain met coal project
Following a rejection of the Grassy Mountain metallurgical coal project in Alberta from a joint review panel last month, Benga Mining has now received a second “no” – this one…
US markets climb, Aug. 2-Aug. 6
The Dow Jones Industrial Average gained 273.04 points or 0.78% to 35,208.51 during the Aug. 2-6 trading week and the S&P 500 rose 41.26 points or 0.94% to 4,436.52. Spot…
Curb your enthusiasm: No end in sight for burning coal
While some banks and other lenders are cutting off funding for new coal-fired power plants and turning their backs on coal mining projects more generally, the number of new coal…