MINING.COM

Glencore ponders changes to Xstrata deal as major shareholder demands better terms

Commodities trader Glencore International is studying modifications to its $26 billion bid for miner Xstrata after Qatar's sovereign wealth fund, a key shareholder, unexpectedly opposed the deal's terms.

Cecilia Jamasmie | June 27, 2012 | 1:57 pm

Bashed billionaires: Lakshmi Mittal is mining’s biggest loser

Firstpost reports after a 5% salary increase Lakshmi Mittal took home $1.74 million last year working as the CEO of ArcelorMittal. The […]

Frik Els | June 26, 2012 | 10:24 pm

Glencore-Xstrata deal ‘on the verge of collapse’ after Qatar withdraws support

Qatar's about-turn means that more than 25% of shareholders eligible to vote at the 12 July meeting are now against the deal’s current terms.

Frik Els | June 26, 2012 | 8:22 pm

Mongolian coal mining stops, drops and …

Mongolian Mining Corp hit a record low today as investors looked at the likelihood of more restrictive investment policies to be implemented after Mongolia's parliamentary elections this week.

Joshua Zapf | June 26, 2012 | 6:31 pm

Teck receives regulatory approval for renewal of share buy-back program

Teck Resources Limited (TSX: TCK.A, TCK.B, NYSE: TCK) ("Teck") has been informed that the Toronto Stock Exchange (TSX) has accepted Teck's notice of intention to make a normal course issuer bid to purchase its Class B subordinate voting shares.

Marketwire - Mining and Metals | June 25, 2012 | 11:54 pm

Dr Caterpillar’s chart says the global economy is going to get much sicker. And soon

But management of the equipment behemoth has stuck to their forecasts for a record-breaking year.

Frik Els | June 25, 2012 | 11:22 pm

Barclays: Commodity investors’ retreat is turning into a stampede

The speed and extent of recent commodity price falls suggest market participants are anticipating a severe deterioration in the macroeconomic outlook.

MINING.com Editor | June 25, 2012 | 10:33 pm

Coal prices sink again as Chinese storage yards near capacity

Analysts are now saying that the world's second largest economy may not be the "long-term structural importer of thermal coal" suppliers have been betting on.

Cecilia Jamasmie | June 25, 2012 | 3:18 pm

Rio Tinto makes first coal shipment‎ from Mozambique

Giant miner Rio Tinto said Monday that it has started exporting premium hard coking coal from its Mozambique Benga Mine, its first shipment of 34,000 tons has left the Port of Beira and is bound for an Indian steel mill.

Cecilia Jamasmie | June 25, 2012 | 1:22 pm

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Congo to re-evaluate new mining code next week

Coal transfer facility challenged in Federal Court

Here’s why Colombia’s mining sector is losing its shine

British Columbia mining revenue was up $1B last year

BHP’s Mackenzie, Elliot Management face off

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