Arch Coal files for bankruptcy amid decline of US sector

"This acquisition positions Forsys to be better able to realize the full potential of consolidating Namibplaas with its wholly-owned Valencia Uranium Project," said Marcel Hilmer, CEO and Director of Forsys.

A legal clash between Brazilian mining giant Vale (NYX:VALE) and Australia's Aquila Resources (ASX: AQA) has taken a step towards resolution this morning after the companies announced they’ve reached an agreement on coal shipments from their co-owned Isaac Plains mine in Queensland.

Mining has all the elements that make for a good movie: long odds, adventure, conflict, danger, amazing natural scenery, and heroes and villains.

Canada has a fresh face leading the government in waiting, and Thomas Mulcair may be the most pragmatic choice to lead the left-leaning NDP.

Chinese firms have been snapping up copper, uranium, iron ore and coking coal assets around the world, but have yet to make a big splash in nickel.

Gold’s been knocked down lately, but several enduring factors have conditioned the yellow metal for an inevitable comeback.

“Sentiment towards gold is as low as it has been for many years, possibly since the rally started. ... For virtually the first time this cycle, buying gold is a contrarian trade.”

Coal Rush, a documentary running next week at the Atlanta Film Festival, tells the story of a 7-year crusade by US attorney Kevin Thompson, along with other attorneys, advocates and affected residents, to halt the injection of coal slurry into the Appalachian mountains by now-defunct coal miner Massey Energy.

EU regulators are stepping up scrutiny of the mooted $90 billion merger of the commodities trader and coal giant and the whole vetting process could take until early 2013. That is if the deal goes ahead at all.