February 16, 2012

Russia Cuts 2011 Coking Coal Exports 21 pct as China Demand Drops

Russian exports of steelmaking coal declined 21 percent last year to 14.2 million metric tons because of lower demand from China and periodic halts at some Siberian mines.

February 16, 2012

Xstrata sells two African coal assets

Xstrata, one of the world's largest thermal coal exporters, announced today that it has completed the sale of two Mpumalanga collieries to black economic-empowered (BEE) group Imbawula, for an unrevealed…

February 16, 2012

Coal mines could surface again on Cape Breton

Surface coal mining on Cape Breton Island, on the East Coast of Canada, has been under a moratorium for the last six years, but a report due out next month…

February 16, 2012

China coal mine tramcar accident kills 15, injures 3

Fifteen miners died and another three were injured after a tramcar derailed in a coal mine in central China, authorities said on Thursday, in the latest accident to hit the…

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…