June 3, 2012

T4 coal-loader could cost between $4 billion and $5 billion

PORT Waratah Coal Services has authorised the spending of another $60million on its planned T4 coal-loader on Kooragang Island.A company spokesman said the $60million authorised by the PWCS board took…

June 1, 2012

Brazilian Vale urged to sell shares in Mozambique Moatize coal

The Mozambican government is urging the Brazilian mining giant Vale to sell on the local stock exchange (BMV) 10 percent of its venture in Moatize in the northwestern province of…

June 1, 2012

Teck announces tentative collective agreement at Trail Operations

Teck Resources Limited ("Teck") (TCK.A and TCK.B, NYSE: TCK) announced today that Teck and Locals 480 and 9705 of the United Steelworkers have reached a tentative collective agreement covering Trail…

June 1, 2012

Vale’s Carborough Downs declares force majeure

Vale SA announced that Carborough Downs, the Company's metallurgical operations in Central Bowen Basin, Queensland state, Australia declared major force (FM) as of May 31, 2012., after the detection of…

May 31, 2012

Why isn’t this copper miner smiling? He’s getting a $45 million bonus just for staying on

In all $265 million will be doled out to senior management at Xstrata to stop them from jumping ship after a merger with Glencore. The two companies are also paying…

May 31, 2012

EastCoal Inc. closes C$17,010,000 private placement

The Company is focused on the Donbass coal basin of Ukraine which has large coal reserves and excellent prospects.

May 31, 2012

Joy Global sinks to year-low, forecasts further US and worldwide slowdown

“Our second quarter reflects both excellence in our execution and concerns over slowing in our markets”

May 31, 2012

Glenstrata ready to become the largest mining industry merger in recent history

The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will finally find its way to the inboxes of shareholders today.

May 31, 2012

Owners of Big Sandy throw in the towel and withdraw $1bn retrofit plans

New York Times reports that Big Sandy, an eastern Kentucky coal-burning plant, will not be retrofitted so it can meet environmental regulations.

May 30, 2012

Aussie mining jobs aplenty, if you have the right tickets

ABC News examines the rumour that big money can be made in mining in Australia with nary more than a high-school diploma.