November 20, 2015

Commodity prices have not bottomed yet — Goldman Sachs

Unless demand picks up or more miners cut output, prices for raw materials are set to stay low for years, or worse, continue to drop, the investment bank predicts.

November 20, 2015

Global coal imports heading for second year of ‘dramatic’ drops

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…

November 20, 2015

China admits to have killed 28 suspects on coal mine knife attack

The deaths of the alleged "terrorists" took place over a 56-day operation by security forces, the Chinese government said.

November 19, 2015

CEO of Murray Energy: Coal industry conditions the worst I’ve seen in my 58 years

Competition from cheap natural gas and heavier environmental regulation of mines and power plants have created the poorest U.S. coal market conditions in at least 58 years, he said.

November 19, 2015

A brutal year for mine financing explained in just one chart

A miserable $400 million down from a high of $4.6 billion in 2012.

November 19, 2015

Chinese commodity trade barometer at record low

The Baltic Dry Index which tracks bulk shipping rates on more than 50 routes around the world drops to lowest since 1985.

November 19, 2015

Caterpillar sales down again, almost three straight years

The biggest drops were in the construction sector in Latin America (-41%) and in the resources industry in Asia (-37%).

November 19, 2015

Indonesia probing allegations of extortion to Freeport-McMoRan by senior officials

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.

November 18, 2015

Ex-Massey Energy CEO’s fate in hands of West Virginia jury

Jurors have begun deliberating the fate of Blankenship, leader of the company that owned the Upper Big Branch mine at the time of a 2010 deadly explosion.

November 18, 2015

Suncor cuts oil sands output for 2016

Canada's dominant oil sands player, however, plans to spend about $900 million more next year.