MINING.COM

Chinese coal, iron ore defaults prompt mystery

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

Globe and Mail | May 28, 2012 | 6:45 pm

Brazil’s Vale to sell all of its Colombian coal assets for over $400 million

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.

Cecilia Jamasmie | May 28, 2012 | 3:52 pm

Pro-coal group allegedly paid fake activists to wear its shirts at EPA hearings

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.

Cecilia Jamasmie | May 28, 2012 | 2:46 pm

Australian mining community outraged by government’s decision to grant first ever right to hire foreign workers

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.

Cecilia Jamasmie | May 28, 2012 | 1:16 pm

Big miners playing game of chicken as marginal producers sink below break-even

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.

Frik Els | May 27, 2012 | 10:53 pm

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

First

Last

US Energy Secretary worried about coal

Coking coal price jumps to six-year high

Australia greenlights Rio Tinto’s $2.45bn sale of coal mines to Yancoal

Iron ore, copper price plunge brings carnage to mining stocks

BHP brands Elliott’s overhaul proposals as flawed, costly

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