MINING.COM

Blackwood trading halt casts further doubt on Tinkler’s AUD$5 billion bid for Whitehaven Coal

A trading halt on Blackwood Corp (ASX:BWD) shares has cast further doubt upon Australian mining magnate Nathan Tinkler's audacious AUD$5.3 billion privatization bid for Whitehaven Coal (ASX:WHC).

Marc Howe | July 30, 2012 | 5:51 am

Mittal: Investing in mining, but not India or China

I'm not locating capital to India or China as I don't see things progressing there. We can't remain stuck, so we move on. Now our priority is to reduce debt, we sell non-core assets. But we continue to invest in mining and become self-dependent.

Frik Els | July 29, 2012 | 10:07 pm

Feds quash 21-year old permit after coal mining restarted, overruling Alaska Natural Resources Dept

A coal mining permit issued in Alaska 21 years ago — but not utilized until recently — has been ruled as no longer valid by a US federal agency because the Alaska DNR “erroneously transferred and renewed invalid permits."

Frik Els | July 29, 2012 | 1:39 am

20 arrested after shutting down coal mine in West Virginia

Patriot Coal's Hobet mine was back in production by late afternoon.

Frik Els | July 29, 2012 | 12:16 am

Not convinced Chinese trade is a disaster? Take a look at these shipping numbers

Examples: Worldwide orders for dry-bulk vessels dropped 49% to 9.8 million deadweight tons in the first half of 2012. The monthly index of new-ship prices in China is now at its lowest point since March 2004.

Frik Els | July 27, 2012 | 9:51 pm

53 rescued, 5 still trapped in coal mine in China’s Guizhou province

53 people have been rescued while five still remain trapped in a coal mine in China's south-western province of Guizhou following the collapse of two separate sections of the mine's tunnel within the space of several days.

Marc Howe | July 27, 2012 | 2:22 am

Seven coal miners dead after explosion in northern Mexico

An explosion on Wednesday in a coal mine in northern Mexico killed seven miners, officials said, highlighting lax safety conditions in small mines that are often poorly regulated.

Reuters UK | July 25, 2012 | 9:50 pm

Teck Resources down 5% after profits more than halve

The diversified miner suffered lower realized prices across the board with copper down 14% to $3.57 a pound, its realized coal price was 26% below Q2 2011 at $202 a tonne. Zinc (-15%), silver (-24%), lead (-22%) and molybdenum (-18%) prices all declined.

Frik Els | July 25, 2012 | 4:59 pm

Miners buying existing projects rather than starting their own: study

Escalating costs and economic instability may be the two main reasons why mining companies worldwide are acquiring existing projects instead of starting their own, shows the latest report from global firm Ernst & Young.

Cecilia Jamasmie | July 25, 2012 | 2:46 pm

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Glencore fights back, sweetens deal for Rio Tinto’s Australian coal assets

World’s top coal producer to close 37 mines

Yancoal trumps Glencore bid for Rio Tinto’s coal mines

Rio Tinto in search of next Oyu Tolgoi in Mongolia

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