Marius Kloppers, CEO of mining giant BHP Billiton, has decided to waive his annual bonus in light of a recent forecast in which BHP's revenues are projected to drop 38%
When the third lane opens the canal's capacity will more than double. The largest ships will carry as many as 13,200 containers -- at least double the dry weight of bulk cargo that can pass through today.
USA’s second-largest coal producer, Arch Coal, has drawn protests from activists and locals after announcing it had applied for a permit in Montana to begin tapping its massive Otter Creek coal strips.
Already running at a loss or struggling to stay in the black, most thermal coal mines in Australia's Queensland are now facing additional challenges as exports drop and major projects wind back.
Glasenberg’s determination to continue with the offer as originally planned comes amid growing signs that Xstrata is more confident of its position on a stand-alone basis.
Encoal Energy and Gopher Land Services says Canadian-owned Cobalt Coal stopped paying in May, but "was still actively mining as of this week and is now effectively trespassing because Gopher owns the land where the mine portal is located".