Merkel seeks to heal rift over role of coal in Germany’s economy

The country's mining industry has lost 6,600 workers in the three months to May.

Commodities from coal to gold once traded in close correlation, but today the graph looks helter-skelter.

After months of debate the outcome is that supplies have been “reduced to zero.” The news failed to lift demand for coal.

Baosteel chairman Dai Zhihao threatened to dump the company's 19.8% stake and said it would not extend the offer past the July deadline.

The company, until recently known as Bumi, has named independent director Amir Sambodo as Nick von Schirnding’s successor.

A free fall in U.S. coal mining employment that began after a near-term peak in the final quarter of 2011 has extended into 2014, with first-quarter employment dropping by more than 5,700 jobs, or a decline of about 7.0%, compared to same quarter a year ago.

Macquarie says sub-$65 unlikely because first Indonesian and then Australian producers will drop out of the market around these levels.

In 2013, 45% of Canadian surveyed said they felt Chinese investment would benefit Canada. In 2014, that number dropped to 35% in 2014, the lowest in a decade.

World's largest mining company said to be unloading all of the non-core units acquired after the merger with Billiton 13 years ago.