MINING.COM

Heavy rainfall disrupts coking coal mining in Australia’s Queensland

Heavy rainfall in the last 48 hours has caused significant disruption at several coking coal mines in the Moranbah region of the Bowen Basin, in Australia's Queensland, market sources said Tuesday.

Platts | March 20, 2012 | 6:35 pm

Billions hacked off mining majors after BHP’s China comments

"The big infrastructure build clearly will come to some end," Ian Ashby, BHP's chief of iron ore said on Tuesday.

Frik Els | March 20, 2012 | 4:54 pm

Australia’s controversial coal and iron mining tax passes the Senate

The Australian Senate approved today a mining legislation that imposes a 30% tax on coal and iron ore miners, allowing the government to take a larger part of profits from a mining boom pushed by Chinese and Indian demand for raw materials.

Cecilia Jamasmie | March 19, 2012 | 12:54 pm

Rio Tinto still bullish on China growth

Mr Tom Albanese CEO of Rio Tinto as saying that company has shrugged off concerns about a slow down in Chinese demand for commodities, reiterating its faith in the Asian superpower's industrialization.

Steel Guru | March 18, 2012 | 10:35 am

Korea Resources wants at least 10% of world’s largest met coal deposit

State-run Korea Resources Corp. (KORES) is planning to invest at least US$532 million (600 billion won) in mining projects abroad this yea, particularly in the coal sector of Indonesia and North America, reports Bloomberg.

Cecilia Jamasmie | March 16, 2012 | 1:34 pm

Northern B.C. economy set to overtake Metro Vancouver

Northern B.C. is about to pass Metro Vancouver for economic growth, according to a new forecast by Central 1 Credit Union.

Business in Vancouver | March 15, 2012 | 11:38 am

Judge ‘outraged’ at outcome of Utah mine collapse

A federal judge said Wednesday he was outraged over a plea deal that settles criminal charges against the operator of a Utah coal mine that experienced two lethal cave-ins in 2007 that killed nine people.

STLtoday.com | March 15, 2012 | 1:31 am

UK Coal shares plunge as it considers closing Warwickshire mine

UK Coal's (LON:UKC) shares plunged by more than 28% in late afternoon trading after it revealed it was considering closing a coal mine in Warwickshire.

StockMarketWire | March 14, 2012 | 3:22 pm

Japan buys US$435m Xstrata’s stake in Canadian coal operations

Japanese JX Nippon Oil & Energy acquired a 25% of diversified miner Xstrata Coal operations in Western Canada for US$435 million, creating a joint venture that will build the business and market coal in Japan.

Cecilia Jamasmie | March 14, 2012 | 1:59 pm

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