September 7, 2015

Campaign to save Australia’s coal sector heavily mocked in social media

The PR campaign praising the “endless possibilities” of coal in providing “light and jobs” has triggered a massive reaction among social media users.

September 7, 2015

Glencore fights back — to slash debt by $10bn, halt copper mines in Africa

Mounting pressure from investors has forced the firm to come up with a $10 billion package of debt-reduction measures.

September 6, 2015

India’s Modi Tells Coal Power Plants to Subsidize Solar

Prime Minister Narendra Modi’s government has ordered some of India’s oldest coal-fired power plants to help make solar farms more competitive

September 4, 2015

World’s top 5 miners lose $540 BILLION market worth

CHART: The commodity slump has slashed major miners' market valuations to 60–88% below 2011 highs.

September 4, 2015

Glencore’s just had one of its worst weeks ever — shares down 22 pct

The company, already the worst performer in the FTSE 100 index in 2015, has lost almost 60% of its value since the beginning of the year.

September 3, 2015

Western Australia premier calls end of mining downturn

Premier Colin Barnett says the mining downturn has bottomed but warns the next 12 months will be risky for minerals companies.

September 1, 2015

China factory data roils copper stocks – Freeport falls 9%

Billions wiped from mining sector as Chinese manufacturing activity contracts to a six-and-half year low.

August 31, 2015

Coal M&A predicted to rise as prices slump and growth projects prove difficult

Consolidation is set to sweep Australia's struggling coal sector over the next six to 12 months, as diversified majors lose patience with depressed coal prices and companies choose M&A instead…

August 31, 2015

Suppliers feel pain as coal miners struggle

Thousands of firms scramble for new customers in the US: ‘it’s been catastrophic’

August 28, 2015

Power shortages, cost cuts to hit Congo’s copper output

With the only exception of gold, production numbers for most other commodities mined in the Central African nation are also expected to decline this year.