Australian coal: turning the corner, but battle ahead

Coal and nuclear power plants rely heavily on water for cooling, but a warmer climate could reduce the availability of water and limit power output.

In all $265 million will be doled out to senior management at Xstrata to stop them from jumping ship after a merger with Glencore. The two companies are also paying $200 million to their advisers to push the deal through.

“Our second quarter reflects both excellence in our execution and concerns over slowing in our markets”

The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will finally find its way to the inboxes of shareholders today.

New York Times reports that Big Sandy, an eastern Kentucky coal-burning plant, will not be retrofitted so it can meet environmental regulations.

ABC News examines the rumour that big money can be made in mining in Australia with nary more than a high-school diploma.

Ruchir Sharma, head of emerging markets at Morgan Stanley, makes one of the most bearish statements yet on the end of the so-called commodity supercycle.

After a week of protests, Spanish coal miners have decided to go on indefinite strike amid fears their entire industry is about to go to the wall, after the government slashed the coal’s sector subsidy by two-thirds.

South Korean company LG International has bid for Peabody Energy's Wilkie Creek coal mine in Queensland, reports The Australian, citing an unnamed source who spoke to Deal Journal Australia.