October 17, 2012

Standard and Poor’s cuts Anglo American’s outlook to negative

Global credit rating firm Standard and Poor's (S&P) downgraded Wednesday its outlook on Anglo American PLC (LON:AAL) to negative from stable as a result of growing concerns about the effects…

October 17, 2012

Oil and coal save BHP’s September quarter results

BHP Billiton (ASX,LON,NYSE:BHP), the world’s biggest miner by market value, posted Wednesday a weaker than expected September quarter from its West Australian iron ore mines as the company’s work on…

October 17, 2012

China’s share of global mining M&A’s doubles as total deals decrease

China's percentage of international mining merger and acquisition deals nearly doubled during the first half of the year according to a new report from PricewaterhouseCoopers (PWC).

October 16, 2012

BHP Billiton production report

The company outlines record petroleum production, an increase in Queensland coal volumes and a milestone achievement from Western Australia Iron Ore.

October 15, 2012

More than half of mining execs think industry is on its way up

Mining executives see lots of more sunny days in 2013 with 55% of participants in a recent survey saying they believe their sector will perform better than it did in…

October 15, 2012

Qatar sees Glencore/Xstrata merger positively

Qatar's sovereign investment fund, the second largest shareholder in Xstrata PLC (LON:XTA) with 12% of equity, confirmed Monday it is looking positively at the company's planned merger with Glencore International…

October 15, 2012

Queensland coal miners blame retrenchments on royalty hikes

A survey of Queensland's coal miners reveals that new royalty hikes have compelled many to pursue cost cuts and implement worker retrenchments.

October 14, 2012

Macmahon expects gold to shore up company outlook

The CEO of Australia's Macmahon Holdings (ASX:MAH) expects gold to continue performing well despite the weak outlook for the mining sector in general.

October 12, 2012

Australian miners fire locals and import foreigners

While big miners such as BHP (NYSE:BHP), Xstrata (LON:XTA) and Vale (NYSE:VALE) continue to slash jobs across its operations in Australia, some companies are hiring more foreign workers to carry…

October 12, 2012

South Africa: Mining labour unrest comes full circle

The intensity of the current wave of protest echoes the far-reaching Durban strikes in 1973, writes Lisa Steyn.