December 8, 2011

Xstrata workers strike for 24 hours

Workers at Xstrata’s Ulan Coal project north of Sydney went on strike for 24 hours on the weekend after learning several electrical staff had been dismissed.

December 7, 2011

Japanese, Chinese banks among leaders in coal plant financing

Chinese and Japanese banks are among the top 20 coal financing banks, along with those from the US, UK, Germany, France, Switzerland, and Italy.

December 7, 2011

Vale readies first Moatize coking coal shipment

Brazil's Vale is set to move its first coking coal shipment next week from its Moatize mine in Mozambique, sources told Reuters on Tuesday. This will be the first coking…

December 7, 2011

Colorado Mining Association, Wyoming seek to overturn Clinton Roadless Rule ruling

The Colorado Mining Association and the state of Wyoming on Monday petitioned the full 10th Circuit Court of Appeals to rehear “en […]

December 7, 2011

Glencore acquires 43.66% of SA coal business

Glencore International, the world's largest commodities trader, on Wednesday announced that it had completed the acquisition of an effective 43.66% equity interest in Umcebo Mining, a South African coal mining…

December 7, 2011

SA misses coal boom

South Africa's coal exports are surging into 2012 just when top spot buyers China and India are out of the market and supply bottlenecks elsewhere have eased, so it will…

December 6, 2011

US Labor Department’s MSHA cites corporate culture as root cause of Upper Big Branch Mine disaster

ARLINGTON, Va. — The U.S. Department of Labor's Mine Safety and Health Administration today announced that it has imposed a fine of $10,825,368, the largest in agency history, following its…

December 6, 2011

Alpha Natural Resources settles civil and criminal penalties for $200 million

Facing criminal and civil penalties over the Upper Big Branch Mine disaster, Alpha Natural Resources (NYSE:ANR) will pay $200 million to settle a suit leveled by the U.S. Attorney in…

December 6, 2011

Anglo American OKs $1.7 billion Queensland project to triple its Australia met coal output

Anglo American said on Tuesday its board had approved the $1.7 billion Grosvenor metallurgical coal project in Queensland, Australia, which is expected to produce five million tonnes per year over…

December 6, 2011

The top 3 commodities plays for the biggest profits in 2012

A commodity is something that has universal definition and demand. Everyone knows what food is, and everybody wants it. Nearly everyone in the world knows what gold is, and nearly…