"The global economy seems stuck in a subdued low-productivity growth pattern," says world's number two miner after reporting lowest earnings in 12 years.
The Australian Construction, Forestry, Mining and Energy Union (CFMEU) said Tuesday the Rio Tinto's redundancy package for its Blair Athol coal mine discriminates against union members.
Imagine for a moment that you have a credit card with a limit of a few trillion dollars but with one caveat: you need to use those funds exclusively to provide for your family. It sounds easy, until you realize your “family” is 1.1 billion people...The Chinese government is in a similar position.
Canadian Oil Sands Ltd. (TSX:COS) increased its 2012 cash flow guidance by 20% after reporting third-quarter net income climbed to $338-million as lower operating expenditures offset a decline in revenues.
TransCanada Corp. (TSX, NYSE:TRP), Canada's largest pipeline company, said Tuesday third-quarter profit dropped 4% compared to the same period last year, missing estimates.
A new report published in Australia has found that coal mining communities around the world suffer from elevated levels of death, disease and birth defects.
Even shareholders choking on $200 million of management bonuses, may have to okay the compensation if they want the deal to go ahead. But Xstrata may have other options beside Glencore.