Jobs Mining News

Glencore posts worst half-yearly profit since listing in London

Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.

Brexit may hamper Britain’s plans to abandon coal

Expert says coal-fired generation may remain a key part of Britain's energy supply for longer than planned.

Adani $12 billion Carmichael coal project clears latest hurdle

A federal court dismissed challenge from a traditional owner to mining permits for the mine.

Mount Polley disaster could have been a lot worse — report

Two years after the mine’s massive tailings pond collapse, the tarnished Golden Triangle environmental and economic fallout continues.

Chile’s Codelco may slash copper output as it further cuts costs to the bone

The world's top copper miner admits to be facing its “worst crisis ever” since created in 1976.

US solar industry hailed as ‘light at end of tunnel’ for jobless coal miners

Study argues it would be cheap and simple to retrain coal workers for solar jobs.

Asteroid miner Deep Space to launch first commercial mission by 2020

The mission's goal is to map a target asteroid, looking for deposits of water and other resources with visible and infrared cameras.

Lenders throw a lifeline to bankrupt Peabody Energy

The coal giant also said it would review its assets in Australia to run a smaller but "more profitable" basis.

Ontario Steel goes after US Steel Canada

U.S. Steel Canada —formerly known as Stelco — has been operating under bankruptcy protection since 2014.

Anglo American declines merger offer from Vedanta

Vedanta Resources’ chairman Anil Agarwal allegedly approached Anglo in several opportunities earlier this year to discuss potential tie-ups.

Fort McMurray wildfires eat into Imperial Oil earnings

Imperial, Canada’s No.2 integrated oil producer and refiner, posted a surprise $181-million loss in its second quarter.

Anglo American narrows debt despite posting steep first-half loss

The miner said its turnaround plan was “on track” as it slashed debt and beat earnings forecasts in the first half of the year.

Haver & Boecker opens doors to future industry workers

The company gave 27 University of Toronto mining engineering students a firsthand look at the industry.

Pretium's gold mine in Canada ramping up to hire

The British Columbia-based firm expects to hire approximately 500 full-time employees in the near future.

Canadians spent over $32bn in mining acquisitions in first half of 2016

Overall, Canadian deal-making in the first half of the year fell in line with the global cooling down trend that has followed the record valuations of 2015.

Botswana to keep unprofitable copper miner alive just to save jobs

The government will maintain 1.4 billion pula ($130 million) of annual spending on state-owned BCL for now.

South African gold firms file plea to appeal lung disease class action

The class action the firms want to appeal paves the way for thousands of current and former miners suffering from silicosis and tuberculosis to seek damage compensation from the companies.

Weak potash prices force Mosaic to idle Colonsay mine, hundreds laid off

The company has set Jan. 3 as the restart date for the mine, but that may change based on market conditions.

Queensland mining industry backs action to fix coal worker health screening

Queensland has released a final report into the re-emergence of coal worker pneumoconiosis, which confirms that a health screening system thought to protect underground coal workers has failed.

Oil industry faces huge worker shortage

Bringing back all of that equipment and personnel is no easy task.

Lack of long term strategic leadership partly to blame for mining job losses in S. Africa

South Africa's mining sector is facing the most serious challenge for many years demonstrated by mounting job losses.

BHP Billiton’s Olympic Dam set to reach highest copper production in a decade

Red metal production at the copper-uranium mine is expected to hit around 230,000 tonnes by 2021, but there is potential for up to 450,000 tonnes per year.

Alpha Natural Resources, Arch Coal near bankruptcy exit deals

Alpha, which filed for bankruptcy in August last year, is scheduled to ask a federal judge Thursday to approve its exit plan despite objections to it.

Rio Tinto sells its Blair Athol coal mine for less than a bus ticket

The Blair Athol mine, closed in 2012, would be the second Australian coal asset in a year to be sold for just A$1.

These five coal miners spent $95 million on lobbying before going bankrupt

Report claims that Walter Energy, Patriot Coal, Alpha Natural Resources, Arch Coal and Peabody Energy also allocated more than half a billion dollars for top executives salaries in decade before going bankrupt.