Anglo’s sale of Drayton coal mine spooks horse breeders

Don't worry, Warren Buffet who spent $26.5 billion on acquiring Burlington Northern Santa Fe railroad and Union Pacific Corp. is weathering the coal downturn by switching to oil and gas made plentiful by the hydraulic fracturing glut.

SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) climbed 6.25% on Thursday as markets opened after announcing it was notified by majority shareholder Ivanhoe Mines that […]

In India, like in the United States, the power sector is the single largest user of water – more than agriculture. Presuming that India could solve its power problems and build more coal, they would run out of fresh water even faster.

The stock hit a high of $50 in May 2008 and came close again in April 2011, but at $170 billion, the Melbourne-based company is now valued at some $80 billion less that at its peak.

After adjusting for seasonality, the reading shows that the manufacturing sector is actually improving, thanks to the slew of stimulus measures implemented by the Chinese government.

NASCAR celebrity driver, Dale Earnhardt Jr., is appearing in ads supporting the coal industry.

Looking at all the costs to construct and run power plants, it will be cheaper to build a wind or solar power plant within 18 years rather than one using nuclear or fossil fuel, says a research unit within the Australian Government.

A report indicating weak sentiment on the part of Australian mining companies would appear to substantiate warnings that Australia's flourishing resources sector is headed for a slowdown.

While their counterparts in Australia are having nothing to do with it, some wonkish types in the Republican Party are floating the idea of a carbon tax.