by Gordon Barratt | Mar 2, 2020 | News
Reference photo of a bulk freighter loading coal. (Image by Roy Luck, Flickr). Fitch Ratings predicts a short lifetime for the rise in seaborne thermal coal prices, caused by a supply disruption at Chinese coal mines amid prevention measures against the COVID-19...
by Gordon Barratt | Feb 28, 2020 | News
Midas Gold has entered into funding agreements for gross proceeds of $35-million to be used for funding continued work on the Stibnite gold project, in Idaho, in the US. The company said it would raise at least C$33.2-million, or about $25-million, from Paulson &...
by Gordon Barratt | Feb 28, 2020 | News
Rio Tinto plans to invest $1 billion over the next five years to meet its new climate change targets. Despite the investment chief executive Jean-Sébastien Jacques has stated, “There is no clear pathway right now for the world to get net zero emissions by 2050.” Rio...
by Gordon Barratt | Feb 28, 2020 | News
Image: Adani. Adani Mining chief executive Lucas Dow has stressed that the Carmichael mine and rail project in Queensland is “well and truly under way” to delivering first coal next year. Dow, speaking at the first Bowen Basin Mining Club luncheon of 2020 this week,...
by Gordon Barratt | Feb 28, 2020 | News
Drax Group — which announced a 64% profit jump in 2019 — has been transitioning from coal to biomass fuel at its North Yorkshire power plant Biomass domes at Drax power station (Credit: Drax) Drax, the UK’s largest power plant, will end its use of coal by March next...
by Gordon Barratt | Feb 27, 2020 | News
Image credit: Bruce Peebles. Copyright the state of Queensland. Queensland has been given a wake-up call after its mining investment attractiveness fell to 15th place worldwide in the latest Fraser Institute survey. Queensland was surpassed by Western Australia (first...
