Finland swaps coal for atom

MINEX FORUM | September 5, 2017
img0 The director general of Finland’s energy department, Riku Huttunen, announced that the country will introduce legislation to phase out coal and increase carbon taxes, said mining.com. The new rules, which Huttunen said would “leave room for manoeuvre,” are expected to be in place by 2018 and the goal is to get rid of coal by 2030. Flexibility ...

Coal, diamonds, uranium, phosphate nd others slumber beneath the icy surface of the Arctic

MINEX FORUM | August 29, 2017
img0 Image: http://www.ec-arctic.ru The polar regions are the closest thing left to virgin territory in the modern world. But with sea ice melting at a rapid rate due to global warming, the Arctic Sea — and its abundance of valuable minerals and natural resources — is becoming more accessible each year, news.com.au notes. The Arctic, including the fabled ...

US increases its coal export to Europe and Asia

MINEX FORUM | July 31, 2017
img0 Coal exports to Europe and Asia are surging despite criticism from countries such as France and China over President Trump’s decision to exit the Paris climate change agreement, according to new federal data, washingtonexaminer.com noted. Coal exports for making steel and generating electricity rose 58 percent in the first three months of the year compared ...

Rio Tinto confirmed the sale of its Coal & Allied Industries Limited to Glencore

MINEX FORUM | June 26, 2017
img0 The Rio Tinto board today confirmed its recommendation that shareholders vote in favour of the sale of Rio Tinto’s wholly-owned subsidiary Coal & Allied Industries Limited (“C&A”) to Yancoal Australia Limited (“Yancoal”). The recommendation follows consideration by the board of a revised offer from Glencore plc received on 23 June 2017, and a revised offer ...