June 14, 2013

Miners’ new trilogy: flat revenues, profit drop and weak share prices

Report shows mining companies are not longer trusted on their abilities to control costs, deliver on promises and cope with resource nationalization demands.

June 14, 2013

Mitsubishi puts Australian iron ore project on hold

It failed to find an investment partner.

June 14, 2013

US losing money on coal leases: report

Bureau of Land Management selling mining leases at below market value adds up to billions of lost dollars.

June 13, 2013

Access to capital the top current challenge for the mining sector: Ernst & Young

The report also says junior miners will continue to be cash strapped for at least another year, as the global mining industry slows down.

June 12, 2013

China coal import ban ‘catastrophic’ for small Indonesian miners

Small coal miners are already under financial pressure coming from falling prices and their rather higher costs.

June 10, 2013

Italy investigates Glencore Xstrata for tax evasion

Authorities allege Glencore hid profits by paying other units above-market prices for raw materials.

June 10, 2013

The disappearing net worth of Australian mining moguls

"Western Australia is arguably close to experiencing recession-like conditions."

June 9, 2013

Anglo American CEO selling the $49 million corporate jet

The Gulfstream G550 is on the way out.

June 6, 2013

Coal India budgets $1bn for foreign acquisitions

Domestic mining projects have been delayed in the permitting process.

June 6, 2013

Australian miner seeks loan from Montana for coal operation

Ambre Energy wants to refurbish the Decker mine to bump up exports to Asia.