While both Davis and Glencore CEO Ivan Glasenberg would suffer blows to their reputations as dealmakers if the merger should collapse other parties stand to lose more.
Fifty-six mines across Canada provided data on wages paid in 2011. Thirty-four are union mines; and twenty-two non-union. Forty-five reported increased wages while eleven made no changes. None decreased wages.
The US coal industry bellwether – leading a surge in coal counters on Wednesday – sees accelerating China coal imports and signs of stabilizing US coal supply-demand fundamentals.
Commodities trader Glencore International is studying modifications to its $26 billion bid for miner Xstrata after Qatar's sovereign wealth fund, a key shareholder, unexpectedly opposed the deal's terms.
Manitoba is the best place in Canada for oil and gas investment, based on the opinions of petroleum executives and managers who participated in the annual Global Petroleum Surveyreleased today by the Fraser Institute, Canada’s leading public policy think-tank.
At $52 a barrel how can high-cost bitumen producers compete against Saudi-Arabia pumping oil at the fastest rate in 30 years, the ramp-up in the Bakken and vast new gas supplies all around the world? They can't.