Patriot Coal is burning down
Trading in the stock was halted in a circuit breaker around lunchtime after falling 57.6% over doubts about its finances and is now worth less than tenth of what it was in July last year.
Latest Stories
Australians fear Canadian gold company will shut historic mines
Australian Stawell Gold Mines will be closed within two years, despite Canadian company Crocodile Gold spending more than $100 million buying it.
Australian Crusader Resources to invest $400 million in Brazil gold mine
Australian company Crusader Resources Ltd. will invest $400 million in a gold mining project located in the Currais Novos region in Brazil’s north-eastern state of Rio Grande do Norte. The project is expected to be one of the biggest gold mines in the country.
The right cut: Dreams made of diamonds
The Montreal Gazette interviews Gevorg Mkhitaryan, owner of a small diamond polishing operation, who was part of a group of about 60 Armenian diamond cutters and polishers brought to the Northwest Territories to work in Canada's Yellowknife’s nascent diamond processing industry.
Green Technology Solutions opens joint venture talks with Alaskan mining company
Diamond's extensive mining experience of Diamond V Associates, could make the company a strong ally in GTSO's mission to bring new sources of tungsten online.
DiamondCorp agrees on a $33.6 million loan deal with South Africa’s IDC
African DiamondCorp (LON:DCP) said its 74% owned Lace Diamond Mines, the company's primary asset in South Africa, has entered into a loan funding term sheet with the Industrial Development Corporation of South Africa Limited (IDC), the company announced Monday.
Xstrata relies on China to lift copper demand
Copper demand in China, the world's main consumer of the red metal, is expected to rebound in the second half of 2012, despite the uncertain outlook for Europe, the head of Xstrata PLC's copper division said.
BHP Billiton to restart manganese operations in Tasmania by the end of August
BHP Billiton (NYSE:BHP) surprised the market this morning with good news by announcing it will restart its TEMCO manganese operations in Tasmania by the end of August.
Rio Tinto donates $12 million biggest pink diamond to a museum
London-based diversified miner Rio Tinto (LON & NYSE:RIO) is donating the biggest pink rough diamond ever discovered, found earlier this year at its Argyle mine, to an Australian museum in Melbourne, reports The West.
