February 16, 2012

Cliffs Q4 profit down but annual profit up 59%

Despite a drop in net income in the fourth quarter, Cliffs Natural Resources (NYSE:CLF) is reporting a record profit of $1.6 billion, or $11.48 a share - a 59% increase…

February 16, 2012

Vale profits fall 21% after bending to Chinese steelmakers

Vale is the world's largest producer of iron ore and a top nickel miner, reported a quarterly net profit of $4.67 billion, compared to $5.9 billion in the same quarter…

February 15, 2012

Thousands of coalminers on strike at BHP’s Queensland operations

Sydney Morning Herald reports that between 3500 and 4000 miners have walked off the job at BHP Billiton's coal operations in Queensland.

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…