HSBC downgraded the company to 'reduce' from 'hold' and highlighted that Anglo's precarious cash flow situation may force it to cancel its dividend.
The ongoing slump in copper prices spells trouble for Chile's mining industry, where most medium-sized producers are already unable to make a profit.
The EIA says China and India are to blame, as imports from both nations — which from 2008 to 2013 accounted for 98% of the increase in world coal trade —are on their way down.
The biggest drops were in the construction sector in Latin America (-41%) and in the resources industry in Asia (-37%).
The investigation aims to determine whether senior officials tried extorting Freeport’s Indonesian unit in return for letting the company continue to operate in the country.
They survived by eating roots, cockroaches and frogs, and drinking drips of muddy groundwater.
The move will help the cash-strapped coal and iron ore miner to continue operating for the short term.
The Legacy mine, located approximately 50km north of the city of Moose Jaw, will be the first new potash operation built in the last 40 years in Saskatchewan.
The company said that extending Kestrel, its only underground coal operation, would add 20 years to the mine’s life.
Use of coal for power generation peaked about two years ago, a new report suggests.
With the changes, Anglo’s chief Mark Cutifani is trying to turn around the company’s fortunes following years during which it has underperformed its peers.
Until now, there was no legislature clarifying issues such as whether resources mined from celestial bodies could be sold on Earth.
The gloomy outlook comes as the International Energy Agency predicts crude oil won't reach $80 a barrel until at least the end of the decade.
U.S. President Barack Obama’s decision to reject TransCanada Corp.’s Keystone XL project doesn’t necessarily make Canada a more risky place for energy investment.
The decision, confirmed this morning, puts an end to a seven-year saga that became one of the biggest environmental flashpoints of Obama's presidency.
The stock ignored news from Zambia where President Edgar Lungu said he would not allow the firm to lay off workers at its Mopani Copper Mine, as it mothballs it for 18 months.
The drastic move makes of Codelco the mining company that has let go the highest amount of workers in Chile since copper prices began their decline over a year ago.
The company has temporarily resumed activities in the country, while it awaits a final decision.
If accepted, the request would keep alive the possibility that Keystone could go ahead after next year’s presidential election in the U.S.
The closure of Kellingley Colliery, Britain’s last deep coal mine, marks the end of a 300-year industry that once employed over a million workers.
The country's government is in the midst of reviewing its mining legislation, particularly mandatory divestment rules and contract extensions.
The fertilizer giant also announced temporary inventory shutdowns as it deals with a weakening potash market.
Construction and mining equipment account for almost 90% of Komatsu’s revenue.
The decision to scrap the Carmon Creek project, said the company, was partially due to a lack of pipelines to coastal waters.
The Ohio-based company says the new ozone standards will severely harm the country's already battered coal industry.
The NSW Department of Planning has recommended conditional approval of the much needed and long-debated mine expansion, as its current permit expires in June 2017.
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