While both Davis and Glencore CEO Ivan Glasenberg would suffer blows to their reputations as dealmakers if the merger should collapse other parties stand to lose more.
Fifty-six mines across Canada provided data on wages paid in 2011. Thirty-four are union mines; and twenty-two non-union. Forty-five reported increased wages while eleven made no changes. None decreased wages.
The US coal industry bellwether – leading a surge in coal counters on Wednesday – sees accelerating China coal imports and signs of stabilizing US coal supply-demand fundamentals.
Commodities trader Glencore International is studying modifications to its $26 billion bid for miner Xstrata after Qatar's sovereign wealth fund, a key shareholder, unexpectedly opposed the deal's terms.
Mongolian Mining Corp hit a record low today as investors looked at the likelihood of more restrictive investment policies to be implemented after Mongolia's parliamentary elections this week.
Teck Resources Limited (TSX: TCK.A, TCK.B, NYSE: TCK) ("Teck") has been informed that the Toronto Stock Exchange (TSX) has accepted Teck's notice of intention to make a normal course issuer bid to purchase its Class B subordinate voting shares.