Coal
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Vale buys Mitsui’s stake in Moatize amid plan to exit coal
Vale SA (NYSE: VALE) has inked a deal to acquire Mitsui & Co’s stake in the Moatize metallurgical and thermal coal mine and port project in Mozambique, as the Brazilian miner works to exit the fossil fuel and become carbon…
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Glencore shareholders revolt over CEO’s pay
Proxy adviser Glass Lewis, one of Glencore’s (LSE: GLEN) top shareholders, is pushing investors to vote against the company’s plans to pay its new chief executive Gary Nagle up to US$10.4 million. In a report for clients, Lewis said it…
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Komatsu adapts longwall business to meet customer needs
Komatsu has announced that it will provide Joy-engineered powered roof support (PRS) solutions through partnerships with PRS manufacturers in a move to adapt its longwall mining equipment business to meet customer needs. “As customers look to cut costs in the…
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ABB asset condition monitoring software starts up at China coal mine
ABB announced that it was awarded the first contract in China for its ABB Ability Asset Vista Condition Monitoring. The company has installed the software to streamline maintenance, minimize costs and optimize capacity at the Shanyang coal mine in Heyang…
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Alberta reinstates 1976 coal policy after public outcry
Bowing to public pressure, Alberta has reversed course on its decision last May to rescind the province’s 1976 policy governing coal exploration and development in the Eastern Slopes region of the Rocky Mountains. At the time when it lifted the…
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Anglo American Q4 production back up to 95% of 2019 rates
Anglo American copper production increased by 6% to 167,800 tonnes in the fourth quarter of 2020, compared to 158,800 tonnes for the same period in 2019, largely due to secured access to industrial water at Los Bronces copper mine in…
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Nokia launches first 5G-ready network with Teck, Shaw Business at Elkview in BC
Nokia has announced a partnership with Shaw Business to deploy Western Canada’s first dedicated 5G-ready private LTE mining network for Teck Resources at the company’s Elkview coal operations in B.C. The industrial-grade network is expected to deliver greater coverage, mobility,…
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GE to exit new coal projects
General Electric said it wants to exit the new-build coal power market. “GE’s Steam Power business will work with customers on existing obligations as it pursues this exit, which may include divestitures, site closings, job impacts and appropriate considerations for…
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REGULATIONS: MAC slams fed decision to join environmental review of Teck’s Castle project
OTTAWA – Canada’s national association for miners, the Mining Association of Canada (MAC), is weighing in on the federal government’s decision to review Teck Resources‘ proposed Castle Mountain metallurgical coal project in B.C., saying the additional review is unnecessary as…
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ENERGY: Renewables beat coal in the U.S. in April
UNITED STATES – Preliminary figures from the U.S. Energy Information Administration indicate that in April, renewables generated more electricity than coal every day of the month. According to Institute for Energy Economics and Financial Analysis (IEEFA) researchers, this clean energy stretch began…
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SURVEY: BC exploration shifts toward base metals
After two years of growth, mineral exploration spending in British Columbia was steady last year, totalling $329 million. But while overall spending didn’t change much, the minerals targeted did, with gold exploration declining 11%, and base metal exploration rising 39%.…
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POWER: Barrick and Newmont to reduce coal use at Nevada JV
NEVADA – The joint venture between Barrick Gold and Newmont operating in Nevada approved the conversion of its TS coal power plant into a facility that also could produce power from natural gas, which would cut carbon emissions by as much as…
