Anglo American reports roof collapse at Queensland coal mine
Anglo American (LON: AAL) has reported a roof collapse in parts of its Moranbah North coking coal mine in Queensland, Australia. The diversified miner said no one was injured in…
Coal
Siemens to go ahead with Aussie coal mine contract, despite pressure
German engineering giant Siemens will honour a controversial contract to supply signalling systems to Adani’s Carmichael coal mine in Australia, despite being under fire for the project’s alleged climate implications….
US markets rise, Jan. 6-10: Nutrien, Consol Energy, Endeavour Silver
The Dow Jones Industrial Average rose 0.66% to 28,823.77 and the S&P 500 Index gained 0.94% to 3,265.35. Spot gold climbed US$9.80 per oz. to finish at US$1,562.10 per ounce….
TSX moves higher, Jan. 6-10: Kirkland Lake, Detour, Equinox, Teck
The S&P/TSX Composite Index rose 0.99% to 17,234.49 during the first full trading week of January. The S&P/TSX Global Mining Index fell 1.15% to 80.85, the S&P/TSX Global Base Metals…
Editorial: Top stories of 2019
The mining industry had its share of tragedy this year starting in January with the murder of Canadian geologist Kirk Woodman in Burkina Faso and Vale’s tailings dam disaster in…
Editorial: Glencore in the crosshairs
Glencore CEO Ivan Glasenberg said in 2018 that he expected to retire within three or four years. But during an investor day in London on Dec. 3, the South African…
Interview: Rory Johnston of Scotiabank looks to 2020
Rory Johnston is a commodity economist covering energy and metal markets in Scotiabank’s economics department. His research includes the Scotiabank Commodity Price Index (a monthly assessment of developments affecting the…
Anglo American cuts output targets for coal, iron ore and diamonds
Anglo American (LON: AAL) has cut its production forecasts for coal, iron ore and diamonds for the next two years, but is bullish on the outlook for copper and palladium,…
BHP appoints insider as CEO
BHP (NYSE: BHP; LON: BHP) has appointed Mike Henry as its new CEO starting Jan. 1, 2020. Henry will replace CEO Andrew Mackenzie, who is retiring on Dec. 31. Currently…
Editorial: Cratering demand signals more trouble in coal country
The shift from coal to cheaper and cleaner fuel sources like natural gas and renewables claimed another victim in the U.S. last week. Peabody Energy said it will close its…
Top 10 US-based miners
The Northern Miner presents the top-10, U.S.-based mining companies by market capitalization. 1. Newmont Goldcorp Market cap: US$31.8 billion Newmont Goldcorp (NYSE: NEM) is a leading gold and copper producer…
Top 10 US-based mid-tiers to juniors, excluding non-coal and precious metals
The Northern Miner presents its top-10 list of U.S.-based mid-tier to junior companies, excluding coal and precious metals, according to market cap. 1. Intrepid Potash Market cap: US$432 million Intrepid…