BHP can’t do for coking coal prices what it did for iron ore
BHP is losing big money on its push for a coking coal spot market.
Latest Stories
Gold preparing to launch as US dollar drops to key support
Gold bugs have been forecasting a dollar collapse for years. They have been correct about the gold price, which has advanced nearly 400% in the past 12 years versus a gain of just 64% for the S&P 500.
The big palladium rally is finally under way
Palladium breaks through $800 to two-and-a-half year high as lease rates double and ETFs attract 270,000oz in two weeks.
Brazil Batista engaged in insider trading: report
The country's securities regulator, known as CVM, has found Batista waited 10 months to disclose that four oil fields were not commercially viable.
US coal demand slipping, but some basins faring better than others
Coal remains the largest source of fuel for electric generation in the United States. However, demand is shrinking.
Sandvik DD2710 development jumbo debuts in China
Sandvik Mining has launched its DD2710 single-boom electro-hydraulic jumbo, designed and manufactured in collaboration between the company’s Finnish and Chinese operations for mining development in tunnels with cross sections up to 34 square meters.
Gold and bail-ins
The ability of western central banks to bail out bullion banks in the future is compromised by the emptiness of their vaults.
US gold and silver production dips, copper jumps
US copper mine production grew 5% to 1.23 million tonnes in 2013 according to the latest US Geological Survey, but silver and gold recovered slid.
Iran said to be exporting more oil than allowed
February’s levels were the highest since the West slapped sanctions on Tehran in June last year, says the International Energy Agency (IEA).
