BHP ditching ‘Billiton’ in $10 million rebranding move
Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.
The Columbian, a newspaper out of Vancouver, WA, put together a handy map showing proposed development plans for six coal terminals in Oregon and Washington, the status of each along with what the project has going for it and opposition lined up against.
Fortescue Metals has lodged a challenge in the High Court of Australia against the Federal Government's Minerals Resource Rent Tax on constitutional grounds.
The lands will be open for mining licenses, but a majority of them are in protected zones, so officials would have to carefully pick specific regions to auction.
Arch Coal (NYSE:ACI), the second largest supplier of coal in the USA, is laying off 750 full-time workers at its Appalachia mining operations after owners said that demand had reached a 20-year low.
The performance of iron ore is in stark contrast to other commodities including copper which has shed 4% over the last two days and crude oil which touched a 52-week low of under $78 a barrel today.
With subsidies to Spain's coal industry about to be yanked, striking workers are ratcheting up the pressure on the government and clashing violently with police.
House Democrats introduced legislation Tuesday that would require a comprehensive study of the health dangers related to mountaintop removal coal mining. More controversially, the bill would also halt all new mountaintop coal projects until the health study is complete.