October 11, 2012

South African gold miners reject wage offer

Striking gold miners have rejected the industry's latest wage offer, the National Union of Mineworkers (NUM) said on Thursday, confirming mining companies’ fears of labour unrest lasting longer than expected.

October 11, 2012

Liberty Coal Energy Corp. announces completion of financing

Liberty Coal announces equity placement of $9,196,500.00

October 11, 2012

Padang Resources Limited (ASX:PXR) completes extensive coal sampling at the Paser Project, East Kalimantan

Extensive sampling completed across 43 ha location

October 10, 2012

Up to 2,000 Chinese miners on their way to British Columbia to fill jobs Canadians can’t do safely

The full time workers follow $1.4 billion in Chinese funding for two coal projects in the northeast of the province because Canadians "just don't have the experience" to operate underground…

October 10, 2012

Xstrata begins coal job cuts in Australia

Xstrata Coal (LON:XTA) began to reduce its workforce across its Australian coal operations by firing its first 40 permanent employees out of the 600 announced cuts.

October 10, 2012

Stronger yuan will cheapen commodities for China: Leeb

Renowned investment guru Stephen Leeb says China is pushing for a stronger yuan in order to cut the cost of its commodities purchases.

October 10, 2012

Tenders for coal, oil and gas rights trigger the ire of Queensland miners

The Queensland government's decision to auction licenses for oil, coal and gas exploration has triggered widespread complaint within the mining sector of the Australian tropical state.

October 9, 2012

Rio to cut jobs on concerns over China slowdown

Rio Tinto (ASX:RIO) has announced further retrenchments and cost cutting measures due to concerns that the slowdown in China's economic growth will be more pronounced than expected.

October 9, 2012

Coal output of Inner Mongolia reaches 680 million metric tons in first eight months of 2012, up 11.5% year-over-year, an Industrial Info News Alert

11.5% year-on-year increase in coal output for the Chinese province

October 8, 2012

Australia’s growth prospects downgraded by IMF on commodities dependence

The International Monetary Fund's 2013 growth forecast for Australia has been moderately reduced due to the country's significant exposure to international commodities markets.