September 27, 2012

Official: China eases control over thermal coal price

On September 26, Zhou Fengqi, a consultant of the National Development and Reform Commission Energy Research Institute, said that the Chinese government will relinquish its control over the trading price…

September 27, 2012

Tinkler toppled by debt woes and botched takeover bid

Nathan Tinkler's fortune has plunged by over 50% since last year causing the electrician-turned-mining magnate to tumble to second place on a list of Australia's richest young entrepreneurs.

September 26, 2012

BHP, Rio Tinto in talks with Chinese steelmakers over iron ore lump premiums for 4Q 2012

Industry sources confirmed today that BHP Billiton Limited and Rio Tinto are holding talks with Chinese steelmakers over iron ore lump premiums for 4Q 2012.

September 26, 2012

BC to lead mining jobs creation in Canada: report

British Columbia, Canada's most western province, will employ over 16,700 mining professionals in the next 10 years according to a report released Wednesday by the Mining Industry Human Resources Council…

September 26, 2012

Czech Republic may create artificial sea by flooding mining area

The Czech Republic might soon be creating an artificial sea in northern Bohemia by flooding the massive and partly abandoned brown coal mining pits located in the area with salt…

September 26, 2012

Xstrata closes nickel mine in Australia

Diversified miner Xstrata (LON:XTA) announced Wednesday it is suspending operations at its Cosmos nickel mine in Western Australia, as nickel prices have plummeted dramatically.

September 26, 2012

South African strikes far from over: AngloGold Ashanti closed

AngloGold Ashanti (NYSE:AU) was hit by the mining unrest spreading through South Africa again Tuesday night, as strikers halted all of its operations in the country, which account for 32%…

September 26, 2012

Tightened credit puts pressure on Chinese coal importers and global spot prices

Cuts by banks in China to lending to coal traders is set to place further pressure on global prices for the carbon fossil fuel.

September 26, 2012

Tinkler’s debt woes could do harm to Whitehaven shares

The financial and legal difficulties of Nathan Tinkler could damage Whitehaven shares (ASX:WHC) due to expectations that the Australian mining magnate will dump his holdings in the fledgling coal miner.

September 25, 2012

Rio Tinto sells South African coal assets to Canadian company

If you had any doubts over what mining giant Rio Tinto (ASX, LON:RIO) thinks about coal and small operations, today’s news should make it clear. The Anglo-Australian miner has agreed…