India plans to triple underground coal mining to meet energy …
At the COP summit in 2021, India signed on to an agreement to "phase down" coal. But even with an ambitious plan to triple renewable energy capacity by 2030, the coal ministry anticipates that ...
Alternative financing in metals & mining | McKinsey
We estimate that three of the highest-potential alternative financing options could represent approximately $800 billion in financing over the next ten years for the mining industry. 4 Including streaming and net smelter returns, net profits interest, asset monetization from tolling and/or sales/joint ventures, and equipment-rental agreements.
Biggest banks sustain coal financing despite defunding drive
Barclays will no longer support financing of new thermal coal mining projects or the expansion of coal-fired power stations. However, it will continue to lend to …
Build a digital sustainable mine of the future with Microsoft
Many remote locations have limited data network infrastructure with low bandwidth and frequent outages which impedes exchanging data with corporate offices and accessing internet resources. Mining operations that would like to benefit from the capabilities of cloud-enabled solutions are unable to do so, and mining executives make …
For a Pittance, Miners Can Work Public Land. There's a Push to …
Mining companies do pay state royalties and taxes. But operators mining on federal land only pay the U.S. government one-time claim processing fees totaling $60.
What's the Environmental Impact of Cryptocurrency?
Electronic Waste. Cryptocurrency mining also generates significant electronic waste, as mining hardware quickly becomes obsolete. This is especially true for Application-Specific Integrated ...
10 Biggest Mining Companies
Glencore leads the top 10, while Jiangxi and BHP take second and third place. Four of the top 10 companies are based in China while two are in the United Kingdom. 1. Glencore PLC (GLNCY) Revenue ...
Increased automation guarantees a bleak outlook for Trump
Between 1980 and 2015, underground mining's share of total coal production dropped from 41–35 percent, while surface mining production increased from 59–65 percent.
Path to net zero: Miners are starting to decarbonize as …
While thermal coal still forms a significant component of BHP's portfolio, the company has announced plans to exit thermal coal. The mining major's five-year target for greenhouse gas emissions, which …
How do we get coal? New technologies to extract a crucial resource
New technologies to extract a crucial resource. Coal is one of the cheapest and most reliable sources of energy, and as demand soars new technology will be crucial. With global demand for coal widely expected to rise over the next 20 years, Dr Gareth Evans finds out how a range of new technologies will help the coal mining industry meet …
BankTrack – Banks and coal
Banks must end support for all new coal activities and implement a full phase-out for financing coal projects and companies in line with the 2030-2040 deadline. Despite an …
How Bankruptcy Helps the Coal Industry Avoid …
Some of the listed holdings retain a connection to coal, including a trucking firm and a mining equipment sales service. Others don't, like a wheelchair and brace sales firm with sales in 2018 ...
How mining could embrace the IOT cloud
Challenges and solutions: how mining could embrace the IOT cloud. A popular buzzword in tech circles, "the cloud" has significant impacts for the mining sector. Giles Crosse explores how improving access to data and enabling collaboration are key for firms looking to optimise production. Giles Crosse January 25, 2023. Share this article.
Creating the zero-carbon mine | McKinsey
The mining industry is at a tipping point where sustainability and decarbonization are top items on CEOs' agendas. To achieve a 1.5°C climate-change target by 2050, the mining industry will need to reduce direct CO 2 emissions to zero. Encouragingly, our analysis shows that solutions to decarbonize the majority of …
India's Government to put 26 coal mines up for auction
India's Government launched its 9 th round of commercial auctions for its coal mines on Wednesday, as the country looks to boost domestic production of the fossil fuel to meet increasing energy demand.. The auction will see 26 mines from four states offered out; 12 in Madhya Pradesh, eight in Chhattisgarh, five in Jharkhand and one in …
The debate about cryptocurrency and energy consumption
Due to surging cryptocurrency prices, there's now a global shortage of bitcoin mining equipment, Back added, with demand outpacing supply and production taking up to six months per machine. Emma ...
Coal industry faces 1 million job losses from global energy …
The global coal industry may have to shed nearly 1 million jobs by 2050, even without any further pledges to phase out fossil fuels, with China and India facing the biggest losses, research showed ...
Coal power, mining and finance are still obstacles to net-zero
While the COP28 deal signals broad agreement around accelerating the phasedown of coal, S&P Global data shows that much of the world is still backing the …
Banks say they're getting tough on coal, but they keep lending
Global power generation from coal grew 9% last year to an all-time high and US-based Peabody Energy, the world's largest private sector producer of coal, had its most profitable Q1 ever this year.
Industries
Russia complete range of mining and extractive industries producing coal, oil, gas, chemicals, and metals; all forms of machine building from rolling mills to high-performance aircraft and space vehicles; defense industries (including radar, missile production, advanced electronic components), shipbuilding; road and rail transportation equipment; …
Alternative financing in metals & mining | McKinsey
Leading miners use the full range of financial levers to manage capital and returns through the cycle, including both traditional and alternative financing, within a sustainable leverage ratio. 3 By …
Who is keeping coal alive?
China is planning 270 gigawatts of new coal-fired plants by 2025, more than any country has installed today. India and much of South-East Asia are following a similar path. Even with a speedy ...
China automating mines to improve safety as coal output grows
The miner declined to comment on cost savings, but use of 5G-enabled automated mining systems from China Mobile and ZTE in the nearby Dahaize coal mine reduced coal costs by 12 yuan per tonne ($1. ...
Fact check: Viral image shows coal mining machine, not lithium mining
The Bagger 288, which was created in 1978, remains one of the world's largest land vehicles. It is a "mobile strip mining machine," according to The Telegraph, a newspaper in the United Kingdom ...
Climate: Research shows how banks, investors finance the coal …
Financial institutions from just six countries — the U.S., China, Japan, India, Canada and the U.K. — were found to be responsible for over 80% of coal financing and …
Lessons from mining accidents in 2022
Since then, hard coal output has plummeted by 63%, from 147 million tonnes in 1990 to 54 million tonnes in 2020, while mining employment has decreased by 80%, from roughly 390,000 to 80,000 jobs. The free-market economy that grew after the country overthrew communism in 1989 has made hard coal mining less competitive.
There's a way to quit coal without wrecking jobs and communities
The 2021 COP climate talks in Glasgow introduced aid packages to help developing nations speed the closure of coal plants. Last year, Vietnam signed one of the world's largest climate finance deals worth $15.5 billion, designed to encourage an orderly coal phase-out that also protects its economy.
Rio Tinto | Global
Rio Tinto is a leading global mining group that focuses on finding, mining and processing the Earth's mineral resources. Discover more about Rio Tinto's mining operations today. About. ... We have put the net zero transition at the heart of our business strategy: combining investments in commodities that enable the energy transition with ...
Research and practice of intelligent coal mine technology
3.1.2 Construction of intelligent coal mine knowledge map. Through the establishment of information entities, the mapping from the physical space to the digital space is realized. This mapping includes not only physical entities (e.g., coal mining machines, hydraulic supports, and tunneling machines), but also time entities (e.g., roof …
Banks And Investors Are Still Pouring Billions Into Coal
U.S. banks were the second biggest lenders, providing $68 billion to coal companies between 2018 and 2020. Citigroup was the leading U.S. funder with $13.5 billion in loans to coal companies over the last two years. In April 2020, Citigroup committed to stop providing financial services for thermal coal mining by 2030.