Takeovers and mergers in the global mining sector has slowed radically this year as a result of lower commodity prices, but Canadian companies continue leading worldwide mergers and acquisitions.
Alpha Natural Resources has announced the closure of eight coal mines in Virginia and Pennsylvania as well as the reduction of its workforce by 1,200 heads.
BHP Billiton (ASX:BHP) head Marius Kloppers has topped a recent list of Australia's best-paid corporate bosses for 2011 yet inadequacies in reporting requirements means much CEO income remains undisclosed.
The halcyon decade that China's coal industry has enjoyed since 2002 market reforms has reached its terminus with a major dive in first half profits this year.
A belated rebalancing of the Chinese economy will lead to a collapse in commodities prices by 2015 according one of the West's leading experts on the PRC's economy.