Colombian coal workers voted on Saturday to strike over pay and working conditions at the 3-million-tonne-per-year La Jagua mine of Glencore's Prodeco unit, a union said. Colombia is the world's fourth-largest coal exporter and Glencore's La Jagua - one of the mining concessions it owns in the nation - has some of the country's highest quality coal.
The BHP Billiton Mitsubishi Alliance, or BMA, and coal worker unions agreed to framework July 6 that would end an 18-month dispute and potentially keep fourth-quarter benchmark metallurgical coal prices from soaring.
Xstrata has delayed voting on a merger with Glencore as investors continue to dictate the offer and unions become more vocal about their concerns over the deal.
Asia Coal Catalyst Company has launched new product that promises to improve significantly energy efficiencies, as well as reducing environmental impacts from burning low calorie coal.
The fifth richest woman in the world, Gina Rinehart, has sold $50 million worth of her shares in Australian newspaper group Fairfax as she continues to push for a seat on the company's board.
Aluminum Corporation of China Limited and Ivanhoe Mines Ltd. agreed that the Chinese aluminum firm will get 30 days to buy Ivanhoe's stake in SouthGobi Resources.
On Wednesday, a day after after all three major global ratings agencies – Fitch, Moody's and Standard & Poor's – placed South Africa's credit rating on negative outlook, home affairs minister Nkosazana Dlamini-Zuma became the latest senior figure in the ruling ANC party to join a growing chorus calling for state control of mining.
A lack of cranes, tractors, tugs and other port equipment is affecting the productivity and efficiency of the ports of Beira and Nacala in Mozambique, which can handle only 35% of their export loads.