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Amid coal market struggles, less fuel worth mining in US

2016-02-23 00:55:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: Vast coal seams dozens of feet thick that lie beneath the rolling hills of the Northern Plains once appeared almost limitless, fueling boasts that domestic reserves were sufficient to power the U.S. for centuries. But an exhaustive government analysis says that at current prices and mining rates the country's largest coal reserves, located along the Montana-Wyoming border, will be tapped out in just a few decades. The finding by the U.S. Geological Survey upends conventional wisdom...

Tags: us market worth fuel

Arrium puts Whyalla, mining on notice

2016-02-17 11:00:24| Industrial Machines - Topix.net

Arrium has outlined more job losses and warned it could mothball its Whyalla steel plant and mining operations, as the group struggles to cut costs amid plummeting commodities prices. The South Australia-based miner on Wednesday reported a first half net loss of $235.8 million, driven by impairments in its mining business and restructuring costs.

Tags: notice puts mining