May 31, 2012

Owners of Big Sandy throw in the towel and withdraw $1bn retrofit plans

New York Times reports that Big Sandy, an eastern Kentucky coal-burning plant, will not be retrofitted so it can meet environmental regulations.

May 31, 2012

Shell set to expand oil sands operations

CEO Peter Voser says they want to expand their Athabasca operations by a third within the decade.

May 30, 2012

Aussie mining jobs aplenty, if you have the right tickets

ABC News examines the rumour that big money can be made in mining in Australia with nary more than a high-school diploma.

May 30, 2012

Olympic Dam decision pushed to the wire

If the board of the world's largest miner does not make a decision on the giant copper-gold-uranium-silver project in South Australia's outback by 8 December then it would lose all…

May 30, 2012

‘A decade of rising commodity prices is always followed by two decades of declines.’ Now you tell us!

Ruchir Sharma, head of emerging markets at Morgan Stanley, makes one of the most bearish statements yet on the end of the so-called commodity supercycle.

May 30, 2012

Thousands of Spanish coal miners on indefinite strike and calling for massive protest tomorrow in Madrid

After a week of protests, Spanish coal miners have decided to go on indefinite strike amid fears their entire industry is about to go to the wall, after the government…

May 30, 2012

Former Wall Street trader’s comments on Europe has the financial community raving on Twitter

Nassim Taleb, a former Wall Street trader and author of the famous book “The Black Swan: The Impact of the Highly Improbable,” is being attacked this morning by the financial…

May 30, 2012

South Korea’s LG bids for Queensland coal mine

South Korean company LG International has bid for Peabody Energy's Wilkie Creek coal mine in Queensland, reports The Australian, citing an unnamed source who spoke to Deal Journal Australia.

May 29, 2012

Romney flips on coal

Mitt Romney’s campaign swung through the coal town of Craig, Colorado today so the candidate could slam President Obama for supposedly killing the coal industry, even though Romney pursued his…

May 29, 2012

Gold falls over 1 pct in heavy volume, euro slides

Gold fell 1 percent in active trade on Tuesday, as the euro's slide on worries over Spain's debt prompted investors to sell the precious metal along with other dollar-sensitive commodities.