Australia's mining machinery imports fell 62% in November and December, the biggest fall since the global financial crisis, according to one of the country's largest freight forwarders of heavy equipment.
Photographer Martin Foskett spliced together a video of mining equipment accidents. Apart from the maudlin and rather depressing soundtrack, the video makes for an interesting diversion and a reminder that when thing go wrong with mining equipment, they really go wrong.
US coal giant Peabody Energy posted its best-ever performance in 2011, with revenues increasing 18% to $7.97 billion and operating profit rising by the same percentage to $1.59 billion.
With revenues of $60 billion last year and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy and the resource sector than Caterpillar.
But what is it saying about the outlook for 2012?
Labour negotiations between BHP Billiton and unions representing coal workers are at an impasse and could disrupt coal operations across Eastern Australia.
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced plans to invest approximately $140 million to further expand its coal handling facilities along the Gulf Coast.