September 30, 2012

Xstrata board endorses Glencore merger deal just shy of deadline

Xstrata's board will recommend the merger of the company with fellow Swiss commodities giant Glencore.

September 29, 2012

U.S. Labor Department announces $1.15 million Crandall Canyon disaster settlement

A settlement in the "tragedy that should have never happened" is awaiting final approval by a federal judge.

September 28, 2012

CoAL takes financial director to court over breaches of duties

Coal of Africa Limited (CoAL) CEO John Wallington said that the company has initiated proceedings to take former financial director Blair Sergeant to court over breaches of duties by Sergeant…

September 28, 2012

Risks for oil and mining companies rising in Colombia – report

Colombia's booming mining and oil industries are likely to be the centre of terrorist attacks over the coming months as soldiers and guerrillas fight on the battlefield, while their delegations…

September 28, 2012

AngloAmerican to cut coal output

AngloAmerican (LSE:AAL) plans to implement reductions in coking coal over the next several months with further industry-wide cuts still expected.

September 28, 2012

Report: ‘High-priced fuel syndrome’ the undiagnosed cause of the ailing global economy

An energy analyst has concluded that the key factor causing the world's economic woes is ”high-priced fuel syndrome“ which induces sluggish growth and range of other ailments.

September 28, 2012

China’s economic slowdown to hit commodities exporters hard

A new report released by the International Monetary Fund (IMF) indicates that commodities exporters and emerging economies will be hardest hit by slower growth in China and a concomitant decline…

September 27, 2012

Official: China eases control over thermal coal price

On September 26, Zhou Fengqi, a consultant of the National Development and Reform Commission Energy Research Institute, said that the Chinese government will relinquish its control over the trading price…

September 27, 2012

Tinkler toppled by debt woes and botched takeover bid

Nathan Tinkler's fortune has plunged by over 50% since last year causing the electrician-turned-mining magnate to tumble to second place on a list of Australia's richest young entrepreneurs.

September 26, 2012

BHP, Rio Tinto in talks with Chinese steelmakers over iron ore lump premiums for 4Q 2012

Industry sources confirmed today that BHP Billiton Limited and Rio Tinto are holding talks with Chinese steelmakers over iron ore lump premiums for 4Q 2012.