Miners who don’t show up to work the Christmas and New Year period at Sandfire Resources’ DeGrussa copper and gold mine in Western Australia, are being threatened with major fines and pay cuts.
Mining giants Rio Tinto and Anglo American are selling a 74.5% shareholding in the South African copper company Palabora Mining to a consortium of Chinese and South African firms, in a deal valued at about $611 million.
Glencore has extended the deadline to complete takeover of Xstrata (LON:XTA) by a month after South African power utility Eskom expressed worries about its coal supplies.
GE (NYSE: GE) introduced a new line of products in North America designed to maximize the value of coal brought into power plants by reducing material losses and mitigating fuel degradation brought about by oxidation.