February 15, 2012

Queensland mining statistics note continued safety improvement

The Australian mining industry's determination to reach its goal of zero harm is reflected in the latest safety performance statistics released by the Queensland Government and reported by the Queensland…

February 14, 2012

Xstrata seeking buyer for 20% stake in $6.4 billion Qld coal project

Xstrata Plc is looking to offload a portion of its $6.4 billion Wandoan coal project in Australia, the Wall Street Journal reports.

February 14, 2012

Sandvik outlines new research on improving roadheader automation

Sandvik Mining, whose parent company spent ZAR3.5 billion in research and development in the 2011 financial year, has been undertaking intensive research in partnership with RAG-Deutsche Steinkohle, Germany's largest coal…

February 14, 2012

Teck buy-in rumour has Fortescue shares jumping 5%

Fortescue Metals was up 5% Monday on rumours that Canadian coal and copper/zinc miner Teck Resources is making a play for the third-largest iron ore producer in Australia.

February 13, 2012

Indian group plans Qld’s biggest coal mine

An Indian conglomerate is planning to build Queensland's biggest coal mine near Rockhampton in the state's central region, including a new town, runway, railway and port facilities.

February 13, 2012

SouthGobi Resources Successfully Commissions Dry Coal Handling Facility at Its Ovoot Tolgoi Mine in Southern Mongolia

SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) announced today the successful commissioning and startup of the dry coal-handling facility ("DCHF") at its Ovoot Tolgoi coal mine in southern Mongolia.

February 12, 2012

Glencore-Xstrata deal terms ‘must be revisited’

TORONTO: Fidelity Worldwide Investment said that while it supports Glencore International plc's STG23.8 billion (RM112.5 billion) takeover bid for Xstrata plc "in principle," the terms of the deal "need to…

February 12, 2012

BHP Billiton not ruling out production cutbacks

GLOBAL mining giant BHP Billiton yesterday warned that it could scale back production at unprofitable operations as commodity prices softened due to economic uncertainty. But BHP chief Marius Kloppers said…

February 12, 2012

Romanian coal miner CNH to enter liquidation by end-September

The Romanian government will launch liquidation proceedings for state-run coal mining company Compania Nationala a Huilei (CNH) by end-September, according to the country's latest letter of intent to a EUR3.5…

February 12, 2012

Teck Resources: a wager on metallurgical coal

Teck Resources ( TCK ) is a diversified miner with a heavy emphasis on coal, copper and zinc. It will need strong metallurgical coal prices to repeat its results.