BHP Billiton would not be willing to negotiate with the unions on strike at its coal mines in Australia and had said the battle is "likely to get tougher before it's over", an e-mail published by ABC’s PM reveals.
Dr. Guido Bartels, chairman of the Global Smart Grid Federation, told Israeli business publication Globes that an investment in smart meter technology can't be avoided, otherwise electricity prices will skyrocket.
Indonesia will take more of the profits from its vast mineral resources by limiting foreign ownership of mines in a move likely to scare off new investment in the world's top exporter of thermal coal and tin.
The mining sector's bellwether companies were all beaten down on Monday after China's premier Wen Jiabao delivered a downbeat outlook for the world's second largest economy adding that there were "new problems" to deal with.
Ivan Glasenberg, CEO of Glencore International stands to receive dividends worth roughly $110 million on Monday when the commodities giant announces its maiden full-year payment to shareholders.
Illinois' Prairie State power station is on the brink of production and the $5 billion coal-fired plant will supply electricity to 2.5 million households for at least the next 30 years.
Xstrata plc is in talks with Japanese electricity producers to settle the next thermal coal benchmark price for annual supplies starting April 1 at between $115/tonne and $126/tonne, according to Bloomberg News.
A new survey by The Economist Intelligence Unit finds when institutional investors interested in frontier markets were asked to choose two regions out of five, two-thirds see Africa – projected to be the fastest growing region on the planet this year – as holding the greatest opportunity.
Australian coal producer New Hope Corp will not put itself up for auction for more than $5 billion after a five-month sale process failed to come up with a deal, Reuters reported.