by Gordon Barratt | Feb 21, 2020 | News
At least five of America’s coal producers went bankrupt in 2019. Prices for the fossil fuel have plunged 40% since a 2018 peak. And some of the nation’s largest miners are retrenching and slashing their dividends. But don’t be mistaken: The fight against climate...
by Gordon Barratt | Feb 20, 2020 | News
Diversified mining company Anglo American delivered 2019 profit attributable to equity shareholders of $3.5-billion, in line with the prior year. The company, headed by CEO Mark Cutifani, generated underlying earnings of $10-billion, a 9% increase, and $2.3-billion of...
by Gordon Barratt | Feb 20, 2020 | News
The Mexican government will resume a search for the bodies of dozens of coal miners killed in a blast more than a decade ago, after mining firm Grupo Mexico returned the concession for the site to the government, officials said on Wednesday. Speaking on the 14th...
by Gordon Barratt | Feb 20, 2020 | News
Warrior Met Coal announced that it is commencing development of its Blue Creek reserves into a new, world-class longwall mine located in Alabama near its existing mines. Once completed, this transformational growth investment will reinforce Warrior’s position as the...
by Gordon Barratt | Feb 20, 2020 | News
Breakthrough Energy Ventures, helmed by Bill Gates, and MIT’s The Engine fund are leading an investment round of $20 million for Lilac Solutions, a U.S. startup aimed at making the extraction of lithium less water-intensive and more sustainable. As the world looks to...
by Gordon Barratt | Feb 20, 2020 | News
Newmont has approved a $150 million investment in a Caterpillar autonomous haulage system (AHS) at the Boddington gold mine in Western Australia. Boddington will become the world’s first open pit gold mine with an autonomous haul truck fleet when the MineStar Command...
