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Tag: miners
El Nino curbs Australian cyclone threat to iron ore, coal miners
2015-10-12 03:14:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Australian exports of commodities such as iron ore and coal face a less-than-average chance of being disrupted by cyclones in the upcoming cyclone season due to the El Nino weather pattern. That would mark a rare beneficial effect from El Nino, which often brings drought to some regions while prompting flooding in others. In Western Australia state, where past cyclones have brought some of the world's biggest mines and shipping terminals to a standstill, there's a 75-percent chance of fewer cyclones...
Tags: iron
australian
ore
threat
Retired miners screwed over in coal bankruptcy plan
2015-10-03 14:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Grist: There was plenty in the complex deal to benefit bankers, lawyers, executives, and hedge fund managers. Patriot Coal Corporation was bankrupt, but its mines would be auctioned to pay off mounting debts while financial engineering would generate enough cash to cover the cost of the proceedings. When the plan was filed in the U.S. bankruptcy court in Richmond last week, however, one group didnt come out so well: 208 retired miners, wives, and widows in southern Indiana who have no direct connection...
Tags: plan
bankruptcy
retired
coal
FTSE 100 up but gold miners hit
2015-07-20 10:46:45| BBC News | Business | UK Edition
The London stock market opens higher but shares in gold miners are hit after the gold price falls to a five-year low.
Coal miners struggle survive in industry battered by layoffs and bankruptcy
2015-07-18 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: There is pain across the nations coal fields, but here in West Virginia, the disruption is particularly acute. Mines are closing almost every month. Sawmills that provide wooden support beams for the tunnels are laying off workers, and diners are putting up signs asking their customers to pray for the miners. The coal industry, long the heart that pumped the economy here, is in deep trouble, buffeted by power plants switching to cheap natural gas, crippling debt, mounting foreign competition and...
Tags: industry
bankruptcy
survive
struggle
Australian miners cry foul over China coal-testing regime
2015-07-06 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Financial Times: High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/3fcec8a8-2146-11e5-aa5a-398b2169cf79.html#ixzz3f8Pelmbf Australian miners are urging Beijing to suspend a coal-quality testing regime, which they claim is unfairly blocking cargoes at Chinese ports and increasing costs for...
Tags: china
australian
cry
regime
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