Patriot Coal down 12% after idling three met mines citing weak global demand
Patriot Coal was beaten down more than 12% on Friday after announcing it will cut production of coking coal due to weakening global demand.
Latest Stories
Forget native protests and Keystone delays: oilsands crude will flow south and west anyway
Mark Hislop, editor of the Calgary Beacon, poses the question many in the oilsands are asking these days as the future of both the Keystone XL pipeline and the Northern Gateway project continue to lack certainty.
Gold going to $2000 this year, mining execs tell survey
Eighty percent of gold company executives expect gold to continue rising in 2012 and peak at $2,000, according to the results of a new survey by PwC.
Iron ore prices: Vale’s force majeure, cyclone Heidi vs China slowdown
Reuters reports spot iron ore was trading close to seven-week highs after a cyclone closed down the world's largest export terminal in Australia and heavy rains in three Brazilian states halted Vale's shipments.
Protest in Mozambique blocks coal train line
AFP reports about 500 protesters blocked a coal train line in Mozambique in a dispute with Vale over housing.
Exxaro bid puts Republic of Congo on iron-ore map
South Africa’s black-controlled diversified mining company Exxaro Resources is putting the Republic of Congo (RoC) on the map as a new African iron-ore development frontier with its R3-billion (A$338-million) cash takeover offer of African Iron.
Cadmium is the new lead: jewelry removed from Target, Saks, Gap and others
The Washington Post reports in a move reminiscent of the crackdown on lead in toys, more than a dozen major retailers including Target, Saks and Gap, are voluntarily halting sales of jewelry that contain more than trace levels of cadmium, a byproduct of zinc mining.
TAFE Mining Course in South Australia Teaches Mining Lifestyle
Mining graduates have to be prepared for a drastic change in lifestyle when they enter the mining industry, and one TAFE mining course in South Australia is preparing them for it, reports ABC.
Education manager for mining in SA Lyndon Giles says this [training] includes shift work and moving away from home. "It's not all beer and skittles when they talk about $100,000 a year, there's a lot of challenges, particularly working in isolated areas, a long way away from family, all them come into play when you look at a career change so we try and get these people accustomed to what they are going to expect."
BDG Academy and ICOG School of Professional Geology Publish 2012 Programmes
The BDG (German Professional Association of Geoscientists) Academy in Germany and the ICOG School of Professional Geology in Spain have announced their trianing programmes for 2012. For more information, see the BDG site (in German), and the ICOG calendar (in Spanish).