March 9, 2015

Rio Tinto to axe hundreds of jobs as part of drastic restructuring

The company recently announced its intention to merge the copper and coal divisions, reducing Rio's businesses to just four main groups.

March 8, 2015

Eskom to buy $3.7B rand annually worth of exportable coal

South Africa's Eskom has coal market observers scratching their heads after the public utility announced plans to purchase expensive, export-quality coal from Glencore's (LON:GLEN) Optimum Coal.

March 5, 2015

Mick Davies’ X2 Resources raises $5.6 billion, ready to buy up assets

The former Xstrata boss’ new firm may soon pull the trigger on some big deals at a time of low commodity prices and willing sellers.

March 5, 2015

Rio’s debated Warkworth coal mine extension approved with conditions

Expansion of Mount Thorley-Warkworth coal mine in the Upper Hunter, had been knocked back twice in the courts.

March 4, 2015

China, Korea to buy coal from Adani Group’s Australia mine

China and South Korea are keen to buy coal from the Adani Group's $16 billion Carmichael coal mine project in Australia's Galilee basin.

March 4, 2015

Colombia to speed approval of permits, crack down on illegal miners

The country wants investors back and has vowed to reduce the time it takes to process permits to less than two months.

March 4, 2015

Large coal and iron ore reserves found in Iran: official

Two large coal and iron ore reserves have been discovered in Iran, according to a top official.

March 4, 2015

Raven Coal mine proponent pulls application at the last minute

A Vancouver junior coal mining company that wants to build an underground coal mine in the Comox Valley on Vancouver Island has withdrawn at the last minute from an environmental…

March 2, 2015

Canadian miners the world’s top buyers of assets in 2014

Gold remains the most-targeted commodity by volume, according to EY’s latest report.

March 2, 2015

Poor market conditions put major chill on global exploration

Global exploration spending dropped 26% in last year, compared with 2013, as several juniors threw in the towel and producing miners slammed the brakes on capital and exploration expenditure.