February 5, 2012

Black stuff: Alpha becomes latest US coal producer idling mines

The company will immediately mothball four mines in central Appalachia, plans to idle two more by early next year and scale back output at other mines as US coal demand…

February 5, 2012

South Africa is looking at mining super-tax, ‘targeted intervention’ in platinum sector

South Africa's ruling party, the African National Congress, appears to be moving away from nationalization of the mining industry to reassure foreign investors but is considering new taxes and "targeted…

February 5, 2012

Blown away: 70% of Europe’s new power generation comes from renewables

According to a new European Wind Energy Association report a record 71% of all the new power generating capacity installed in the Europe Union in 2011 came from solar panels,…

February 5, 2012

Anglo Pacific carves out niche in mining sector

U.K.-listed Anglo Pacific PLC (APF.LN ) is a rare breed for a mining sector-focused company. It's primary business isn't running a mine or owning a deposit, but securing royalties from…

February 5, 2012

Top shareholders gunning for Xstrata’s Big Mick, could block deal without premium

The Telegraph reports Chairman John Bond and CEO Mick Davis risk being voted off the board of Xstrata after being accused of negotiating "a cosy stitch-up" with Glencore and that…

February 4, 2012

Canadian jobs: It’s oil sands all the time

Statistics Canada reported Friday that of the jobs created in January 65% were in Alberta.

February 4, 2012

Sunshine Oilsands postpones $700m Hong Kong IPO, now wants ‘resource savvy’ Canadian investors

Sunshine Oilsands, a Calgary-based oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong which would…

February 4, 2012

Newmont Mining finds two suitors for coal tenements

Gold miner Newmont Mining is putting a final polish to the sale of its Queensland coal assets, with two overseas suitors vying for a resource estimated at more than 1.2…

February 4, 2012

China secures Kalahari, paves way for Extract bid

China Guangdong Nuclear Power Corp (CGNPC) declared its offer for Kalahari Minerals unconditional on Friday, paving the way for it to launch a takeover bid for Extract Resources, owner of…

February 4, 2012

Miners face anger over water discharges

Queensland miners and the DERM are facing community ire over water discharges.