May 30, 2012

‘A decade of rising commodity prices is always followed by two decades of declines.’ Now you tell us!

Ruchir Sharma, head of emerging markets at Morgan Stanley, makes one of the most bearish statements yet on the end of the so-called commodity supercycle.

May 30, 2012

Thousands of Spanish coal miners on indefinite strike and calling for massive protest tomorrow in Madrid

After a week of protests, Spanish coal miners have decided to go on indefinite strike amid fears their entire industry is about to go to the wall, after the government…

May 30, 2012

South Korea’s LG bids for Queensland coal mine

South Korean company LG International has bid for Peabody Energy's Wilkie Creek coal mine in Queensland, reports The Australian, citing an unnamed source who spoke to Deal Journal Australia.

May 29, 2012

Romney flips on coal

Mitt Romney’s campaign swung through the coal town of Craig, Colorado today so the candidate could slam President Obama for supposedly killing the coal industry, even though Romney pursued his…

May 29, 2012

Cline Mining Corporation files suit against the Province of British Columbia for expropriation of coal properties

Cline Mining Corporation ("Cline Mining" or the "Company") (TSX:CMK.TO - News) has filed a notice of civil claim (the "Claim") dated May 28, 2012 in the Supreme Court of British…

May 29, 2012

Feds order rail workers back to work by Thursday

The Canadian government did what it said it would do Monday, ordering close to 5,000 striking CP Rail employees back to their jobs.

May 29, 2012

$6.4 billion Alpha Coal Project given go-ahead

The Newman Government has given the green light to what will be one of Australia’s biggest mines, the $6.4 billion Alpha Coal Project in Queensland’s Galilee Basin.

May 28, 2012

Chinese coal, iron ore defaults prompt mystery

Over the last two weeks, Chinese consumers of thermal coal and iron ore have been defaulting on their contracts, sending prices sharply down.

May 28, 2012

Brazil’s Vale to sell all of its Colombian coal assets for over $400 million

Mining giant Vale said on Monday it will sell its coal assets in Colombia to CPC, a unit of Colombian Natural Resources, for $407 million.

May 28, 2012

Pro-coal group allegedly paid fake activists to wear its shirts at EPA hearings

The U.S. Environmental Protection Agency (EPA) held 12 hours of stacked hearings in Chicago on Thursday, allowing the public to express their opinions (mostly adulation according to The Huffington Post)…