March 5, 2012

Body blow for mining heavyweights as China growth expected to slow to near decade low

The mining sector's bellwether companies were all beaten down on Monday after China's premier Wen Jiabao delivered a downbeat outlook for the world's second largest economy adding that there were…

March 4, 2012

Green Monday: Glencore dividend payout gives Glasenberg a $110 million pay day

Ivan Glasenberg, CEO of  Glencore International stands to receive dividends worth roughly $110 million on Monday when the commodities giant announces its maiden full-year payment to shareholders.

March 4, 2012

Indian billionaires jostle for Australian coal mines

Driven by an insatiable demand for energy back home, a number of Indian billionaires are jostling to get their hands on Australian coal mines.

March 4, 2012

Old king coal has a new crown jewel

Illinois' Prairie State power station is on the brink of production and the $5 billion coal-fired plant will supply electricity to 2.5 million households for at least the next 30…

March 4, 2012

Deckhand drowning marks 2nd fatality attributable to US coal industry in 2012

A deckhand preparing barges for coal loading in the Tennessee River drowned early on the morning of Feb. 26, becoming the second fatality attributable to the coal mining industry in…

March 4, 2012

India’s thorium not coal holds the key to solve power crisis

Coal or thorium, is the question before the nation's power generation sector not in the short run but in the long term, both having its pros and cons. Enhancing the…

March 4, 2012

Forbes & Manhattan acquires South African coal producer

Forbes & Manhattan Coal Corp. has made its final payment of 140 million South African rand ($18.6 million) to acquire Slater Coal (Pty.) Ltd., according to a March 1 news…

March 3, 2012

Report: Xstrata in talks to settle thermal coal benchmark at $115 to $126/tonne

Xstrata plc is in talks with Japanese electricity producers to settle the next thermal coal benchmark price for annual supplies starting April 1 at between $115/tonne and $126/tonne, according to…

March 2, 2012

New study says 66% of institutional investors choose Africa as number one destination. No wonder. Have you seen the size of that place?

A new survey by The Economist Intelligence Unit finds when institutional investors interested in frontier markets were asked to choose two regions out of five, two-thirds see Africa – projected…

March 2, 2012

Glenstrata is still far from a done deal