Posted on July 25, 2012
An explosion on Wednesday in a coal mine in northern Mexico killed seven miners, officials said, highlighting lax safety conditions in small mines that are often poorly regulated.
Posted on June 19, 2012
Paul Demzik, president of U.S. coal major Peabody Energy's Coaltrade International subsidiary recently left the company to pursue other interests, a Peabody spokeswoman said in an emailed response on Tuesday.
Posted on April 12, 2012
A full merger of Glencore and Xstrata, now before shareholders, will make the group the world's biggest zinc producer, with a controlled output of about 1.6 million tonnes and a 16 percent share of global zinc ore production.
Posted on February 20, 2012
A train loaded with iron ore travels towards the Rio Tinto Parker Point iron ore facility in Dampier in the Pilbara region of Western Australia April 20, 2011. Credit: Reuters/Daniel Munoz MELBOURNE (Reuters) – Global miner Rio Tinto has accelerated a…
Posted on November 19, 2011
4:20pm GMT By Douwe Miedema LONDON, Nov 19 (Reuters) – A raft of bidders including J.P. Morgan is lining up for failed brokerage MF Global's stake in the London Metals Exchange, two sources familiar with the situation said, providing some solace fo…
Posted on October 6, 2011
Semafo Inc's third-quarter revenue jumped 19 percent, helped by higher gold output at its Mana mine in Burkina Faso, west Africa.
Posted on September 6, 2011
Brazilian mining giant Vale (VALE5.SA) is in talks with Chinese and other ship owners to sell or lease its planned fleet of giant bulk carriers, a Vale official told Reuters on Monday.
Posted on September 6, 2011
U.S. crude futures declined in early Asian trade on Tuesday as recession worries continue to weigh down the market, after the Chinese services sector posted its worst ever growth reading and concerns about European debt lingered.
Posted on August 30, 2011
9:56am BST By LONDON (Reuters) – An increasing number of investment banks are poised to muscle into the trading of physical iron ore, a business long dominated by trading houses, lured by the market's huge size and its shift to a more transparent pricing
Posted on August 29, 2011
Reuters Breakingviews Columnist Chris Swann says despite oil sands in Canada being cleaner than their reputation and the US purchasing crude from worse polluters including Nigeria and Venezuela, there are better ways to control emissions.
Posted on August 26, 2011
Workers at Freeport-McMoRan Copper & Gold's (FCX.N: Quote) Grasberg mine in Indonesia plan to stage a strike in coming days after talks with the company failed to resolve a pay dispute, a move that could tighten global copper supplies and lift prices.
A strike would be the second in two months at Grasberg, the world's third biggest copper mine that also has the biggest gold reserves, after an eight-day stoppage in July caused production losses and helped push copper prices to three-month highs
Posted on August 18, 2011
9:36am BST JOHANNESBURG, Aug 18 (Reuters) – South African diversified miner Exxaro said on Thursday that it expects production difficulties to keep coal output in the second half unchanged compared to the previous six months. South Africa's
Posted on August 15, 2011
Zinc price gains in July were more than wiped out in early August as worries intensified about global economic prospects, and further price declines could trigger mine production cuts in China, and help reduce surplus supply.
"If prices fall below $2,000 then we would expect a lot of Chinese mine production to stop," said Giles Lloyd of industry consultants CRU Group. In 2010, China mined 3.7 million tonnes of zinc, accounting for 30 percent of world mine output.
Posted on July 27, 2011
Mongolia's state-owned miner Erdenes Tavan Tolgoi (TT) has agreed to sell $250 million worth of coal from the east Tsankhi deposit to Aluminium Corp of China Ltd (Chalco) , a move insiders said was aimed at raising cash to help fund its impending listing fees.
Under the agreement, Chalco would resell 30 percent of the coal to Japanese trading houses Itochu Corp and Mitsui as well as state-owned Korea Resources Corp (KORES), Erdenes TT LLC said in a statement seen on Wednesday.
Posted on July 25, 2011
South African coal workers went on strike on Monday seeking inflation-busting 14 percent wage increases, but power utility Eskom said the stoppage would not have an immediate impact on plants providing electricity to Africa's largest economy.
Posted on July 13, 2011
Gold prices hit record highs above $1,575 an ounce on Wednesday, buoyed by investors seeking a safer place for their cash while European leaders raced to prevent Greece from defaulting on its bond obligations and other indebted euro zone members from getting sucked into the crisis.
Posted on July 13, 2011
Gold prices hit record highs above $1,575 an ounce on Wednesday, buoyed by investors seeking a safer place for their cash while European leaders raced to prevent Greece from defaulting on its bond obligations and other indebted euro zone members from getting sucked into the crisis. Reuters speaks to seven prominent analysts.
Posted on July 12, 2011
Workers at Chile's state-owned Codelco returned to the job on Tuesday after a 24-hour strike, threatening more labor unrest if they are not included in the restructuring of the world's top copper miner.
Posted on July 8, 2011
Gold's performance has eclipsed that of gold mining stocks this year, but gold equities now are likely to take the upper hand as the flow of cheap U.S. cash slows and miners boast juicy margins and good growth prospects.
Gold's status as a quasi-currency and safe haven has helped pushed the price of the metal up about 20 percent since the start of the year to above $1,520 an ounce, making it one of the top performing asset classes of 2011.
Posted on July 6, 2011
11:45am BST LONDON, July 6 (Reuters) – Gold prices erased early gains to fall as low as $1,512.29 an ounce on Wednesday after China said it was raising interest rates by 25 basis points, with the dollar rising to session highs against a basket of
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