February 12, 2012

Glencore-Xstrata deal terms ‘must be revisited’

TORONTO: Fidelity Worldwide Investment said that while it supports Glencore International plc's STG23.8 billion (RM112.5 billion) takeover bid for Xstrata plc "in principle," the terms of the deal "need to…

February 12, 2012

BHP Billiton not ruling out production cutbacks

GLOBAL mining giant BHP Billiton yesterday warned that it could scale back production at unprofitable operations as commodity prices softened due to economic uncertainty. But BHP chief Marius Kloppers said…

February 12, 2012

Romanian coal miner CNH to enter liquidation by end-September

The Romanian government will launch liquidation proceedings for state-run coal mining company Compania Nationala a Huilei (CNH) by end-September, according to the country's latest letter of intent to a EUR3.5…

February 12, 2012

Teck Resources: a wager on metallurgical coal

Teck Resources ( TCK ) is a diversified miner with a heavy emphasis on coal, copper and zinc. It will need strong metallurgical coal prices to repeat its results.

February 10, 2012

Mont. Judge Tosses Challenge To $86M Coal Lease

A Montana state judge has rejected an environmental challenge to an $86 million Arch Coal Inc. coal lease, ruling on Feb. 3 that the state did not violate its duty…

February 9, 2012

Teck Resources profit lifted by soaring coal prices

Canadian miner giant Teck Resources (TSX:TCK.B) reported Thursday a record annual profit of $2.7 billion, up by half from 2010, fuelled mainly by higher coal prices.

February 9, 2012

BHP may sell $10 billion of smelters, mines, Deutsche Bank says

BHP Billiton Ltd., the largest mining company, may consider selling about $10 billion of aluminum, nickel and coal mines and smelters as it trims its portfolio, Deutsche Bank AG said.

February 8, 2012

Loose lips sink ship for the Xstrata boss

The Deutsche Bank and JPMorgan bankers must have been sweating in the London hotel room on Tuesday night where their client, the Xstrata boss Mick Davis, vented his frustration that…

February 8, 2012

Drug Abuse Runs Wild in W.Va. Coal Mines

The wild and not-so-wonderful drug problem plaguing West Virginia's coal mining sector is getting a lot of attention this week.

February 8, 2012

BHP H1 earnings up 8% on record iron ore, gas production

BHP Billiton raked in US$18.7 billion in the half-year ended December 31, 2011 — an 8.3% increase in Underlying EBITDA from the second half of 2010.