MINING.COM

Abandoned mineshafts could give modern Glaswegians heat

Glasgow residents could have a convenient and plentiful source of geothermal energy right beneath their feet, in the abandoned mineshafts and mining structures buried under the city’s streets.

Michael Allan McCrae | July 13, 2012 | 5:02 am

Chinese thermal coal prices see longest losing streak in four years

Market pressure from high inventories and a flood of cheap overseas supply, as well as the lackluster performance of the Chinese economy were to blame for sending the average price to its lowest point in over two and a half years.

Marc Howe | July 12, 2012 | 9:34 pm

Rio Tinto CFO steps down, major shakeup follows

Rio Tinto's long-standing Chief Financial Officer, Guy Elliott, will retire at the end of 2013 announced the miner on Thursday, along with a few other senior management changes.

Cecilia Jamasmie | July 12, 2012 | 12:52 pm

Mongolia kingmaker: ‘Fix’ Oyu Tolgoi ‘shadow masters’ and ‘scare to death’ Tavan Tolgoi oligarchs

The Facebook page of the junior partner in the likely ruling coalition post the Mongolian elections makes for scary reading.

Frik Els | July 12, 2012 | 12:08 am

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.

Jack Caldwell | July 11, 2012 | 10:14 pm

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.

Frik Els | July 11, 2012 | 10:00 pm

Xstrata-Glencore merger to be decided Sep 7

Giant miner Xstrata has set Sep. 7 as the day for its shareholders to vote on the $26 billion takeover by Glencore, giving the commodities trader six weeks to reach an agreement on the conditions.

Cecilia Jamasmie | July 11, 2012 | 11:00 am

Botswana cuts taxes, gives private sector scope

Botswana is setting out to lower the fiscal burden on resources investors in a charm offensive that separates it from the mining jurisdictions that are currently looking to increase mining taxes.

Mining Weekly | July 10, 2012 | 1:35 pm

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.

Cecilia Jamasmie | July 10, 2012 | 1:25 pm

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Top 40 miners returned to profit in 2016: PwC

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Trump goes after another of the Obama-era protection rules to favour miners

Robot ghost ships to extend miner’s technology drive to seas

Anglo American appoints takeovers expert as new chairman

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