Australian rail workers postpone coal haulage strikes as cyclone looms

Iron ore price gives up 2% on Friday falling to a 21-month low as Chinese steel price drops to record low.

Vale says mines are not economically feasible under current market conditions.

An environmental advocacy group has launched a lawsuit against British Columbia’s Ministry of Energy and Mines and Texada Quarries, challenging the legality of the ministry’s recent approval of a coal export expansion on Texada Island.

Canadian mining and metals deals plunged 51% in terms of value and 13% when it comes to volume in the first quarter of 2014. Yet results show a sustained improvement, says EY's latest report.

Attempts to rescue trapped miners after a fire in a Turkish mine continue Thursday morning after a break of four hours. So far there are at least 282 people dead and 142 remain unaccounted for.

It accounts for 46% of the coal produced globally and consumes as much per year as s the rest of the world combined.

The announcement was part of the Federal Budget unveiled Tuesday night, considered the toughest in almost two decades.

Fire is still blazing inside the mine, 18 hours after the blast, and hundreds remain trapped underground.

Nathan Tinkler, the Australian electrician turned mining entrepreneur, has bought Peabody Energy’s Wilkie Creek mine in Queensland.