Murray River mine shelved, Chinese workers sent home

Ruchir Sharma, head of emerging markets at Morgan Stanley, makes one of the most bearish statements yet on the end of the so-called commodity supercycle.

After a week of protests, Spanish coal miners have decided to go on indefinite strike amid fears their entire industry is about to go to the wall, after the government slashed the coal’s sector subsidy by two-thirds.

Nassim Taleb, a former Wall Street trader and author of the famous book “The Black Swan: The Impact of the Highly Improbable,” is being attacked this morning by the financial community in different social media outlets, mainly Twitter, after a Bloomberg article quoted him saying he favours investing in Europe over the U.S.

South Korean company LG International has bid for Peabody Energy's Wilkie Creek coal mine in Queensland, reports The Australian, citing an unnamed source who spoke to Deal Journal Australia.

Cline Mining Corporation ("Cline Mining" or the "Company") (TSX:CMK.TO - News) has filed a notice of civil claim (the "Claim") dated May 28, 2012 in the Supreme Court of British Columbia against the Province of British Columbia (the "Province") with respect to Cline Mining's Lodgepole, Sage Creekand Cabin Creek coal properties located in the Flathead Valley in Southeastern B.C. and the Province's passing of the Flathead Watershed Area Conservation Act (the "Act").

Australian R2Mining has launched a new metal cost guide includes include 28 surface and 54 underground models, with recent data on labour costs, mining cost indices, equipment capital costs, supplies, mining taxes, electric power, natural gas, transportation and smelting.

John Hick, lead independent director of First Uranium Corp, described demands from Olma Investment Group and other dissident shareholders received by the company Tuesday as "unrealisic".

I'm not all that thrilled to be owning Freeport McMoRan Copper & Gold (FCX) right now. While the company's stock has tended to be highly correlated to the price of copper, that correlation has slipped a bit. I'm guessing this has a lot to do with the violence and labor disputes at the company's Grasberg mine in Indonesia.

The Canadian government did what it said it would do Monday, ordering close to 5,000 striking CP Rail employees back to their jobs.