Peabody Encounters Production Challenges
Peabody reported preliminary unaudited financial results for Q1 2024. The company expects to report Q1 2024 revenue of $980 million. The company said it will release actual Q1 2024 financial results...
Leading Developments
MSHA Issues Final Silica Rule
The U.S. Mine Safety and Health Administration (MSHA) has issued a final rule that limits exposure to respirable silica dust. It lowers the permissible exposure limit of respirable crystalline...
Bowen Adds More Resources at Burton Downs in Queensland
Bowen Coking Coal Ltd. has announced a significant resource estimate for the unmined and down-dip Burton seam within the historic North and South pit area (BNBS), in the central part of the Burton...
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BMO Drops Anti-coal Policy
The Bank of Montreal (BMO) dropped its policy of restrictive lending to the coal industry in late 2023, helping it avoid being labelled an energy “boycotter” in West Virginia, according to Bloomberg. West Virginia Treasurer...
Biden Administration Withdraws Thompson Creek
The Biden administration took action to finalize protections for the Thompson Divide area in central Colorado and established the Camp Hale – Continental Divide National Monument. U.S. Secretary of the Interior Deb Haaland...
Bridge Collapse Impacts Coal Exports
When a container ship struck a support column of the Francis Scott Key Bridge in Baltimore and caused it to collapse, it claimed the lives of eight people and blocked Baltimore Harbor. The U.S....
Forrest Calls for a Carbon Levy on Australian Fossil Fuels
Australia should impose a proposed carbon levy on fossil fuel producers to accelerate efforts to meet climate targets, according to billionaire mining-to-clean energy tycoon Andrew Forrest. “It’s high time that industry that...
Shenhua Cuts 2024 Production Target
China’s Shenhua Energy Co., the nation’s top coal producer, has set a lower output target for 2024, according to Bloomberg. The firm plans to cut annual production by 2.6% from the previous year to 316 million metric tons (mt)....
CONSOL Energy Recognized at SME 2024
The Society for Mining, Metallurgy, and Exploration (SME) presented CONSOL Energy with its Robert E. Murray Innovation Award at the annual conference and exposition, which took place in February in...
UBS to Discontinue Credit Suisse’s Coal Phase-out
In December, the board of directors for the UBS Group AG approved the merger of UBS and Credit Suisse. Once the merger is completed, which is expected in Q3 2024, UBS will begin to streamline and decommission legacy Credit...
South32 Sells Illawarra Met Coal Complex in Australia
South32 Ltd. is selling its Illawarra Metallurgical Coal to GEAR M Illawarra Met Coal Pty Ltd, which is owned (70%) by Golden Energy and Resources Pte Ltd (GEAR) and (30%) by M Resources Pty Ltd....
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