MINING.COM

Standard and Poor’s cuts Anglo American’s outlook to negative

Global credit rating firm Standard and Poor's (S&P) downgraded Wednesday its outlook on Anglo American PLC (LON:AAL) to negative from stable as a result of growing concerns about the effects of South Africa’s mining strikes on the company's mining operations and on the wider economy.

Cecilia Jamasmie | October 17, 2012 | 1:55 pm

Oil and coal save BHP’s September quarter results

BHP Billiton (ASX,LON,NYSE:BHP), the world’s biggest miner by market value, posted Wednesday a weaker than expected September quarter from its West Australian iron ore mines as the company’s work on expansion plans affected production figures.

Cecilia Jamasmie | October 17, 2012 | 11:00 am

China’s share of global mining M&A’s doubles as total deals decrease

China's percentage of international mining merger and acquisition deals nearly doubled during the first half of the year according to a new report from PricewaterhouseCoopers (PWC).

Marc Howe | October 17, 2012 | 2:49 am

More than half of mining execs think industry is on its way up

Mining executives see lots of more sunny days in 2013 with 55% of participants in a recent survey saying they believe their sector will perform better than it did in the first half of 2012.

Cecilia Jamasmie | October 15, 2012 | 3:39 pm

Qatar sees Glencore/Xstrata merger positively

Qatar's sovereign investment fund, the second largest shareholder in Xstrata PLC (LON:XTA) with 12% of equity, confirmed Monday it is looking positively at the company's planned merger with Glencore International (LON:GLEN).

Cecilia Jamasmie | October 15, 2012 | 2:18 pm

Queensland coal miners blame retrenchments on royalty hikes

A survey of Queensland's coal miners reveals that new royalty hikes have compelled many to pursue cost cuts and implement worker retrenchments.

Marc Howe | October 15, 2012 | 2:06 am

Macmahon expects gold to shore up company outlook

The CEO of Australia's Macmahon Holdings (ASX:MAH) expects gold to continue performing well despite the weak outlook for the mining sector in general.

Marc Howe | October 14, 2012 | 11:45 pm

Australian miners fire locals and import foreigners

While big miners such as BHP (NYSE:BHP), Xstrata (LON:XTA) and Vale (NYSE:VALE) continue to slash jobs across its operations in Australia, some companies are hiring more foreign workers to carry out their resources projects.

Cecilia Jamasmie | October 12, 2012 | 2:10 pm

15% of Queensland’s mining jobs to disappear in two years

Analysts say more coal jobs will be axed in the Australian tropical state of Queensland as the beleaguered resources sector continues to weather a barrage of adverse factors.

Marc Howe | October 12, 2012 | 5:53 am

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Sherritt International fined $1 million for coal mine spills in Canada

New program in Queensland aims to attract 3,000 new mining jobs

Chinese companies to build 700 coal plants in and outside China

Australians protest Carmichael coal mine in ‘national day of action’

In the heart of China’s coal country, a city bans most coal

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