Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

Canadian mining and metals deals plunged 51% in terms of value and 13% when it comes to volume in the first quarter of 2014. Yet results show a sustained improvement, says EY's latest report.

Attempts to rescue trapped miners after a fire in a Turkish mine continue Thursday morning after a break of four hours. So far there are at least 282 people dead and 142 remain unaccounted for.

It accounts for 46% of the coal produced globally and consumes as much per year as s the rest of the world combined.

The announcement was part of the Federal Budget unveiled Tuesday night, considered the toughest in almost two decades.

Fire is still blazing inside the mine, 18 hours after the blast, and hundreds remain trapped underground.

Nathan Tinkler, the Australian electrician turned mining entrepreneur, has bought Peabody Energy’s Wilkie Creek mine in Queensland.

The accident was triggered by an explosion in a power distribution unit, which caused the mine's elevator to stop working.

The accident occurred at Patriot Coal's Brody Mine No. 1, in the southwestern part of the state.

Following adoption of new mine ownership law for coking coal-rich southern African nation.