Mining executives don't see a lot of sunshine in 2012 and a full 20% have started laying off workers, according to a report by Business in Vancouver and the Mining Recruitment Group.
Indonesia will not be righting the perception that it's a place safe for miners after the country's supreme court said it will not hear Churchill Mining's (LON:CHL) appeal in its two-year legal battle to get compensation for a coal project that the company says was unfairly seized.
In China’s Qinhuangdao, the world’s largest coal port by capacity, inventories have exceeded levels last seen in late 2008 during the height of the financial crisis.
"It's very difficult to foresee what's going to happen to copper prices, but the market remains strong and should stay that way," Sartain said at a press conference in Chile.
Illegality in the mining sector has deprived state governments of badly needed revenues, threatened the industry with costly and unpredictable shutdowns, and generated political chaos that helped bring down two state governments in 2011 and 2012.
Kentucky still has plenty of friends of coal and many turned out to bash federal regulators who have delayed action on 36 mining permits the state issued in 2010 and 2011.