September 10, 2012

Continental Coal shares soar

Shares rose almost 20% in London on Monday over the news that the junior miner is poised to sell its South African thermal coal mining assets.

September 10, 2012

Australian coal industry to slash 900 jobs

Australia's coal miners are slashing 900 jobs against a backdrop of declining commodities prices and higher costs.

September 10, 2012

Further signs of stimulus plans from a slowing China

China is showing further signs that stimulus spending to prop up its slowing economy could well be on the way with President Hu Jintao evincing a commitment to economic growth…

September 9, 2012

Ministerial ping-pong led to hasty vetting of coal applicants’ credentials

Minutes of crucial screening committee meetings raise several questions.

September 8, 2012

Why a former metals trader is leaving China for good after 16 years

"The result is the biggest property bubble in history, which when it pops will sound like a thousand firework accidents."

September 8, 2012

Several coal blocks may be reallocated to Coal India

As the Inter Ministerial Group (IMG) on the allocation of coal blocks rounded up its three-day review meeting, reports suggested that a number of undeveloped blocks may be deallocated and…

September 8, 2012

Xstrata scoffs at new Glencore offer as merger of equals becomes hostile takeover

The new Glencore offer is "significantly lower than would be expected in a takeover" and the intention to replace Mick Davis represented “a significant risk” says Xstrata's board.

September 7, 2012

Vote on Glencore-Xstrata merger delayed due to ‘developments overnight’

Glencore International (LSE:GLEN) has postponed its Friday shareholder meeting where voting would have taken place on its proposed $34 billion takeover of Xstrata (LSE:XTA).

September 7, 2012

Chinese demand to prop up Aussie mining boom for years to come

Australian trade minister Craig Emerson has said Chinese demand will continue to give support to the country's mining boom despite declines in export prices.

September 6, 2012

Anti-mining protests take a toll on Peru’s foreign investment

Instead of the lauded $6 billion in mining invested forecasted for 2013 earlier this year, SNMPE says the country’s sector will attract about $4 billion.