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Teck Resources Ltd suspends coal production at six Canadian mines because of global supply glut

Teck Resources Ltd. plans to slash its steelmaking coal production by 22 per cent in the third quarter as the market is heavily oversupplied and prices remain weak. 320 more words

Breaking

Reliance on coal could see Australian economy fall behind

The Government’s reliance on coal for Australia’s economic future could prove damaging as global powers prepare to transition to a lower-carbon environment.

According to the Sydney Morning Herald, Swiss Bank UBS told its clients that the world was on the verge of a shift towards renewable energy, with “solar and batteries” at the forefront. 610 more words

Australia

3Novices:Iron ore to remain rough, but stability is ahead

Iron ore has reached its trough and will continue its current growth pattern, but slowing demand out of China means it will not reach its earlier highs, the head of China’s iron and steel institute has said.

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3Novices

Mining

Fossil Fuel Subsidies and Free Market Hypocrisy

In an almost unbelievable report released on the 18th of May, the International Monetary Fund has shown that subsidies for fossil fuel companies have reached $10 million dollars a minute. 2,268 more words

Politics

3Novices:100 per cent FIFO claims for Carmichael coal "arrogant"

​The CFMEU has criticised comments from Adani’s CEO Jeyakumar Janakaraj that the Carmichael mine will have a 100 per cent FIFO workforce.

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3Novices

Mining

SCHOOLS ASK 12-YEAR-OLDS IF THEY'VE HAD SEX

Here’s the kind of info public schools are datamining your kids for — WITHOUT your knowledge or permission — while you think they’re learning reading, writing and ‘rithmetic. 58 more words

China to end export tax on rare earths and other metals

On April 23, 2015, China decided to eliminate tariffs on rare earths and other such as tungsten, molybdenum and fluorspar starting from May 1 according to the Chinese Ministry of Finance. 281 more words

Shanghai Metal Corporation