North Korea Times

China introduces new mine safety standards

China's top workplace safety regulator, State Administration of Work Safety (SAWS), has introduced new national standards for safety technology used in coalmines.

Three killed in coal mine collapse in NW China

Three miners died after a coal mine collapsed on Tuesday in northwest Shaanxi Province, according to the mine's operator. The accident occurred at 11:10 a.m. in the mine operated by Shaanxi Pubai Baishui Coal Mine Co. in Baishui.

Lundin Mining shares jump on BHP takeover hopes

North Korea Times At 3:37 a.m. EDT, shares in Lundin were up 2.5 percent at 31 Swedish krona, easing off earlier highs as the market dipped back after a recovery in early trade following days of heavy losses in the mining sector on the back of demand

POSCO warns of slow steel demand, high costs in H2

Employees of POSCO walk near a sculpture with POSCO's logo at the company's headquarters in Seoul July 22, 2011. POSCO, the world's No. 3 steelmaker, met market expectations with a 17 percent fall in quarterly operating profit on Friday, hurt by firm raw

Brazil MMX, PortX sign iron ore, shipping deal With Minerinvest

(Source: Fox Business) Dow Jones ) -- Brazilian iron ore miner MMX Mineracao e Metalicos SA (MMXM3.BR) and its shipping subsidiary PortX Operacoes Portuarias SA (PORTX3.BR) signed a preliminary 10-year accord with iron ore company Minerinvest Mineracao

28 still trapped in coal mine in China

Twenty-eight miners were still trapped underground Thursday while 63 others were rescued after a fire broke out in a coal mine in China's Shandong province Wednesday night, Xinhua reported. A total of 91 people were trapped after an air compression device located in a parking lot 255 metres underground caught fire at 6.45 p.m. Wednesday, a provincial government spokesman said.

Tepco, Xstrata agree $127.50/ton for July-June

Tokyo Electric Power Co. has agreed to buy Australian thermal coal from Xstrata PLC for 12 months retroactively starting July 1, at US$127.50 a metric ton, $2 lower than its April-March price. The price agreed between Xstrata and Tepco is often used as a benchmark for other Japanese utilities in their negotiations for Australian thermal coal.