July 13, 2012

Abandoned mineshafts could give modern Glaswegians heat

Glasgow residents could have a convenient and plentiful source of geothermal energy right beneath their feet, in the abandoned mineshafts and mining structures buried under the city’s streets.

July 12, 2012

Chinese thermal coal prices see longest losing streak in four years

Market pressure from high inventories and a flood of cheap overseas supply, as well as the lackluster performance of the Chinese economy were to blame for sending the average price…

July 12, 2012

Rio Tinto CFO steps down, major shakeup follows

Rio Tinto's long-standing Chief Financial Officer, Guy Elliott, will retire at the end of 2013 announced the miner on Thursday, along with a few other senior management changes.

July 12, 2012

Mongolia kingmaker: ‘Fix’ Oyu Tolgoi ‘shadow masters’ and ‘scare to death’ Tavan Tolgoi oligarchs

The Facebook page of the junior partner in the likely ruling coalition post the Mongolian elections makes for scary reading.

July 11, 2012

Madrid, Spain mining riots for coal subsidies

While the United States Congress debates HR4402, a bill which would make it easier and cheaper to mine in the United States, Spanish coal miners are protesting cuts by the…

July 11, 2012

More pain for SouthGobi shareholders

Embattled SouthGobi Resources (TSX:SGQ) shed over 4% on Wednesday bring its losses since April to 40%, after announcing its Mongolian subsidiary SGS has filed a notice of investment dispute with…

July 11, 2012

Botswana’s diamond exports almost double

According to preliminary data released by the Bank of Botswana (BoB) on Monday, Botswana's May diamond exports were nearly 20% down from May 2011, a time when a global diamond…

July 11, 2012

Xstrata-Glencore merger to be decided Sep 7

Giant miner Xstrata has set Sep. 7 as the day for its shareholders to vote on the $26 billion takeover by Glencore, giving the commodities trader six weeks to reach…

July 10, 2012

Botswana cuts taxes, gives private sector scope

Botswana is setting out to lower the fiscal burden on resources investors in a charm offensive that separates it from the mining jurisdictions that are currently looking to increase mining…

July 10, 2012

Patriot Coal goes bankrupt

Patriot Coal confirmed Monday what everyone already knew: the company is headed to bankruptcy, causing shares to implode in regular trading and continue to fall after hours.