Coal Top Stories

Iron ore price drops to 7-month low

Chinese stockpiles at new record high and sovereign debt downgrade…

Congo to re-evaluate new mining code next week

Move comes 15 months after the country’s government halted the…

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Madrid, Spain mining riots for coal subsidies

While the United States Congress debates HR4402, a bill which would make it easier and cheaper to mine in the United States, Spanish coal miners are protesting cuts by the Spanish government in subsidies to unprofitable coal mines.

More pain for SouthGobi shareholders

Embattled SouthGobi Resources (TSX:SGQ) shed over 4% on Wednesday bring its losses since April to 40%, after announcing its Mongolian subsidiary SGS has filed a notice of investment dispute with the government of the Asian country.

Patriot Coal goes bankrupt

Patriot Coal confirmed Monday what everyone already knew: the company is headed to bankruptcy, causing shares to implode in regular trading and continue to fall after hours.

Mining companies committed to UN human rights principles: study

New research released Monday indicates that listed mining and resources companies across the world are keen to comply with the UN’s Guiding Principles on Business and Human Rights, which were officially adopted one year ago, but must keep up the momentum in order to maintain public confidence in their efforts.