MINING.COM

Glenstrata takes shape this week

The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will find its way to the inboxes of shareholders this week.

Frik Els | May 27, 2012 | 10:04 pm

Granted first ever right to hire foreign workers Friday. Saturday shuns 14,000 locals queuing at jobs expo

Gina Rinehart's Hancock Prospecting which is hiring 1,700 foreign workers for the Roy Hill iron mine were absent from the Australian mining association job fair in Perth and so were the $9.8 billion project's main contractors.

Frik Els | May 27, 2012 | 6:22 pm

UK greens warn of a return to era of ‘dirty coal’

Coal-fired power stations trialling 'carbon capture' technology could be exempt from regulations.

The Independent | May 26, 2012 | 11:36 pm

Judge lifts restraining order to allow mining to resume at W.Va. surface mine

A federal judge has lifted a temporary restraining order to allow continued mining operations at the Nellis surface mine in Boone County, W.Va., which is owned by Penn Virginia Resource Partners LP's Loadout LLC unit.

SNL Financial | May 26, 2012 | 8:16 pm

Foreign workers to relieve labour shortage in Australia’s mining industry

Australia’s government announced Friday it will allow a new mine to hire about 1,700 foreign workers to alleviate a labour shortage threatening the resources boom.

Cecilia Jamasmie | May 25, 2012 | 4:13 pm

Rail strike threatens Canadian coal, potash

A strike by CP Rail is hampering the movement of goods across Canada including mined commodities coal and potash.

Andrew Topf | May 24, 2012 | 7:42 pm

Zuckerberg lost $1.5 billion in 24 hours, but he wasn’t the unluckiest billionaire. Batista was

The declines wiped $1,744,800,000 from Batista's personal fortune in one day, which means he fared worse than Mark Zuckerberg who suffered more than $1.5 billion in losses as a result of the post Facebook IPO fiasco.

Frik Els | May 23, 2012 | 8:57 pm

Patriot Coal is burning down

Trading in the stock was halted in a circuit breaker around lunchtime after falling 57.6% over doubts about its finances and is now worth less than tenth of what it was in July last year.

Frik Els | May 22, 2012 | 7:47 pm

Hard coal landing: Australia scraps $9 billion port expansion

The state government has scrapped plans for a $8.8 billion coal terminal expansion project at Queensland's Abbot Point, Australia citing funding issues and environmental regulations, but China's slowing economy probably had more than a little to do with it.

Frik Els | May 21, 2012 | 9:18 pm

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Solar now employs more people in the US than coal and natural gas

Vedanta CEO Tom Albanese to leave company in August

Thermal coal price rally to hold

Miners to spend $21 billion on exploration by 2025

Trump signs executive order undoing Obama’s clean power plan

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