Colombia mining companies to reduce operations due to coronavirus

Rate of corporate defaults could be double historical average going back to 1920 says new study.

The Switzerland-based mining and energy giant lost $5 billion in 2015.

The sale leaves Consol will only have three mines in southwestern Pennsylvania and one site, the Miller Creek complex, in southern West Virginia.

Total area drilled (in metres) climbed by 6.9% during the December quarter, with activity in areas of new deposits increasing by 29.6%.

As part of the government’s ongoing efforts to reduce industrial overcapacity.

The bodies of four miners were recovered after the initial disaster, but the remains of the six rescuers who died trying to reach the stranded miners are yet to be found.

About 110 coal miners were underground when a seismic jolt caused part of the structure to collapse late Thursday.

Despite the loss and a 94% drop in earnings, analysts believe the company's modest debt of $116 million makes it well-positioned to act on opportunities.

Moody's takes Rio Tinto's credit down a notch to below A-rating with a negative outlook.