Polish coal mining swings to profit on prices, restructuring

Mining executives have given a clear indication that they plan to slash capital spending and reduce supply in order to improve shareholder returns at the expense of consumers.

The leader of the Australian Greens party say the incumbent Labor government should revise its original mining tax plan to lift revenue generated by the tax from AUD$9 billion to $26 billion over the next four years.

The head of the Australian Stock Exchange says the country should prepare for another mining boom in around a decade's time by providing exploratory tax concessions to resource juniors.

Colombian President Juan Manuel Santos presented Friday a package of measures, including a proposed bill before congress, aimed to making illegal mining a crime punished by the country’s Penal Code.

Coal prices are set to receive a boost from the closure of small mines in China during the lead up to the 18th National Congress of the Chinese Communist Party, where the country's incumbent leadership will be succeeded replaced by a new administration.

The international resource sector faces rough waters ahead according to an industry insider who has just completed a round-the-world tour of key mining regions.

South African police fired tear gas on Thursday to disperse a group of striking coal miners a day after security guards killed two workers that had tried to break into a locked mine-explosives armoury at Forbes & Manhattan Coal Corp. (TSX:FMC) operations.

Deal is one of China's biggest investments in Australia

69,667 more Australians joined the mining industry from 2006 - 2011