October 21, 2014

BHP shoots the lights out

Petroleum, met coal, iron ore production set new quarterly records. Fall in copper volumes not enough to dent 9% overall output growth.

October 21, 2014

Citibank acquires Deutsche commodities trading book

Tough regulations and worries about reputation have made trading commodities a source of worries for bank bosses.

October 20, 2014

Polish coal miner slashes production forecast amid restructuring

Announcement comes as Polish authorities work on a plan to group its loss-making mines into a “bad” or a “good” unit.

October 20, 2014

Hundreds strike at Glencore’s coal mine in South Africa

Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.

October 20, 2014

TECO Energy sells coal subsidiary for $170 million

The sale price includes future payments of $50 million if certain coal benchmark prices reach specified levels over the next five years.

October 20, 2014

Peabody swings to loss as coal prices plunge

While coal sales have shown some signs of a rebound, low natural-gas prices continue to pressure the fossil fuel demand and pricing.

October 20, 2014

Mining investment in Kazakhstan to reach $30bn by 2017

The country is fine-tuning details of a new mining law that will make it easier for foreigners to tap the nation’s riches.

October 19, 2014

Coal central to pivotal Kentucky Senate race

Eastern Kentucky could play a deciding role in a Senate race seen as important to establishing control of the United States Congress in upcoming mid-term elections.

October 19, 2014

Indonesia’s Choice: Coal vs. Environment

Indonesia cannot build power stations fast enough. And neither can most of its Asian neighbours.

October 17, 2014

INFOGRAPHIC: a year’s worth of resources in BC

In response to popular demand from our home province of British Columbia, today we visualize the amount of natural resources extracted from BC each year.