June 24, 2012

Larry Webster: Circling the wagons for coal

It was a beautiful California-ish June day at the mouth of Poor Farm Holler. For those of you don't know where Poor Farm Holler is, it is the next one…

June 22, 2012

Fortescue takes the Federal Government to court

Fortescue Metals has lodged a challenge in the High Court of Australia against the Federal Government's Minerals Resource Rent Tax on constitutional grounds.

June 22, 2012

Colombia goes ‘all in’ setting aside 17.6 million hectares for mining

The lands will be open for mining licenses, but a majority of them are in protected zones, so officials would have to carefully pick specific regions to auction.

June 22, 2012

Arch Coal lays off 750 workers due to ‘unprecedented downturn’

Arch Coal (NYSE:ACI), the second largest supplier of coal in the USA, is laying off 750 full-time workers at its Appalachia mining operations after owners said that demand had reached…

June 21, 2012

Iron ore hits 5-week high as China continues to forge steel near record pace

The performance of iron ore is in stark contrast to other commodities including copper which has shed 4% over the last two days and crude oil which touched a 52-week…

June 21, 2012

UK Coal misses restructure deadline

UK Coal, which runs three of Britain's last five pits, is to miss a self-imposed deadline to restructure the debt-laden business as it attempts to pass some of its pension…

June 21, 2012

Adani refutes foreign workers accusations

Indian coal mining giant Adani denied claims it's cheating the Australian migration system by sneaking in foreign workers.

June 21, 2012

PHOTOS: Rioting Spanish coal miners fire homemade rockets

With subsidies to Spain's coal industry about to be yanked, striking workers are ratcheting up the pressure on the government and clashing violently with police.

June 21, 2012

Xstrata to pay $342 million to execs after Glencore merger triggers ‘red-top alert’

The unusual alert, considered the Association of British Insurer's most serious warning, indicates a breach in corporate governance.

June 20, 2012

India ‘condemning’ millions to stay poor, says Lakshmi Mittal

Joining the likes of NR Narayana Murthy and Azim Premji to blame the Indian government for policy inaction, UK-based NRI billionaire LN Mittal has said the country is potentially condemning…