Glencore, Tohoku Electric set coal contract price at $94.75/T

While there are billions of reasons to cut output, and every major producing country is reeling from the loss of revenues, some are weathering the current bust better than others, but the devil is in the details, and the details contain tons of variables.

Depressed prices are to blame, says the Energy Information Administration (EIA).

Growing wait times for permits may hinder Canada's ability to take advantage of its considerable mineral potential, warn experts.

Asia's biggest commodities trader by volume is on track to record its worst annual performance since its 1997 Singapore listing.

Iron ore and petroleum division heads to leave world number one miner after $5.7 billion loss in six months.

These mines accounted for more than one quarter of U.S. coal production in 2015.

Last year, the agency had forecast a "relatively swift" recovery. Instead, oil prices have continued to fall, hitting less than $30 a barrel, a level last seen in 2003.

Russell believes that while many investors are focused on uranium demand out of China and India, more attention should be paid to demand back home.

Anglo American and Freeport's credit ratings were recently slashed to well below investment grade – other marquee mining names may soon share the same fate.