Peabody Energy back to the NYSE as emerges from bankruptcy

South Korean company LG International has bid for Peabody Energy's Wilkie Creek coal mine in Queensland, reports The Australian, citing an unnamed source who spoke to Deal Journal Australia.

Cline Mining Corporation ("Cline Mining" or the "Company") (TSX:CMK.TO - News) has filed a notice of civil claim (the "Claim") dated May 28, 2012 in the Supreme Court of British Columbia against the Province of British Columbia (the "Province") with respect to Cline Mining's Lodgepole, Sage Creekand Cabin Creek coal properties located in the Flathead Valley in Southeastern B.C. and the Province's passing of the Flathead Watershed Area Conservation Act (the "Act").

The Canadian government did what it said it would do Monday, ordering close to 5,000 striking CP Rail employees back to their jobs.

The Newman Government has given the green light to what will be one of Australia’s biggest mines, the $6.4 billion Alpha Coal Project in Queensland’s Galilee Basin.

Over the last two weeks, Chinese consumers of thermal coal and iron ore have been defaulting on their contracts, sending prices sharply down.

Mining giant Vale said on Monday it will sell its coal assets in Colombia to CPC, a unit of Colombian Natural Resources, for $407 million.

The U.S. Environmental Protection Agency (EPA) held 12 hours of stacked hearings in Chicago on Thursday, allowing the public to express their opinions (mostly adulation according to The Huffington Post) about the proposed carbon pollution standards for new power plants.

Australia’s decision to grant first ever right to hire foreign workers at the Roy Hill project in the Pilbara on Friday has sparked heated critics by local unions and the mining community.

Smaller miners are waiting for production cutbacks by the market leaders to prop up prices the way Saudi-Arabia comes to the rescue of oil producing nations whenever the crude price begins to flag.