July 27, 2012

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…

July 25, 2012

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.

July 25, 2012

Cliffs Natural Resources Inc. reports second-quarter 2012 results

The company reports year-to-date global iron ore sales volume increases 23% to 19 million tons and revenue of $1.6 billion with net income attributable to Cliffs' shareholders of $258 Million,…

July 25, 2012

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…

July 25, 2012

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…

July 24, 2012

Anglo American agrees to acquire majority interest in Revuboè metallurgical coal project in Mozambique

Anglo has agreed to acquire a 58.9% interest in the Mozambique-based Revuboè coal project. The Revuboè project is currently a joint venture that includes Nippon Steel Corporation, and POSCO.

July 23, 2012

China’s met coal imports surged 175% in H1 2012

During the first half of 2012, China imported a total of 140 million tonnes of thermal coal which was 66% higher, boosted by an increase in coking coal imports of…

July 22, 2012

Calls for fundamental reform of Australian mining tax

One of Australia's leading intellectuals and a former adviser to the country's incumbent Labor Party has called for far-reaching reforms to the resource giant's mining tax and GST.

July 22, 2012

Nova Scotia pro-mining incentives called ‘aggressive’

In an effort to stimulate mining exploration in the Canadian province of Nova Scotia, the local government has started offering grants of up to $100,000 to mineral prospectors and exploration…

July 22, 2012

Kenya’s $100 million coal mining in danger

The future of a planned coal mining in the Kitui County in Kenya, worth more than $100 million (Sh$8.5 billion), hangs in the balance following opposition by local leaders and…