September 26, 2012

The last great price bubble is dead

For the past decade we’ve toiled up the slope of the so-called commodities super-cycle, a rise in metal and hydrocarbon prices that has made consumer goods costly but drove torrid…

September 26, 2012

Czech Republic may create artificial sea by flooding mining area

The Czech Republic might soon be creating an artificial sea in northern Bohemia by flooding the massive and partly abandoned brown coal mining pits located in the area with salt…

September 26, 2012

Xstrata closes nickel mine in Australia

Diversified miner Xstrata (LON:XTA) announced Wednesday it is suspending operations at its Cosmos nickel mine in Western Australia, as nickel prices have plummeted dramatically.

September 26, 2012

South African strikes far from over: AngloGold Ashanti closed

AngloGold Ashanti (NYSE:AU) was hit by the mining unrest spreading through South Africa again Tuesday night, as strikers halted all of its operations in the country, which account for 32%…

September 26, 2012

Tightened credit puts pressure on Chinese coal importers and global spot prices

Cuts by banks in China to lending to coal traders is set to place further pressure on global prices for the carbon fossil fuel.

September 26, 2012

Tinkler’s debt woes could do harm to Whitehaven shares

The financial and legal difficulties of Nathan Tinkler could damage Whitehaven shares (ASX:WHC) due to expectations that the Australian mining magnate will dump his holdings in the fledgling coal miner.

September 25, 2012

Indian oil giant said it never offered $5 billion for Canadian oil sands

State-own Indian oil company Oil and Natural Gas Corp. (ONGC) denied Tuesday that, together with two other state-run oil firms, bid $5 billion for a stake in six Canadian oil…

September 25, 2012

Rio Tinto sells South African coal assets to Canadian company

If you had any doubts over what mining giant Rio Tinto (ASX, LON:RIO) thinks about coal and small operations, today’s news should make it clear. The Anglo-Australian miner has agreed…

September 25, 2012

Caterpillar falls after lowering its outlook for 2015

Shares in Caterpillar Inc (NYSE:CAT), the world's largest earth-moving equipment maker, fell 2.2% after hours as the company cut its 2015 profit outlook. The company warned weaker commodity prices would…

September 24, 2012

Rio Tinto coal mining cull claims new victims

Rio Tinto is cutting even more coal mining jobs in Australia as the miner is struggling with a dramatic plunge in coal prices and a high Australian dollar.