Glencore is going to get crazy rich on coal next year
Glencore expected to achieve annual cash savings of more than $300 million in its coal business by the end of 2018, but now it expects savings of more than $450 million by year-end.
Australia’s mining giants are threatening both the government of Queensland and the federal authorities with dropping all of their new projects in response to the state’s surprise increase in coal mining royalties.
China is showing further signs that stimulus spending to prop up its slowing economy could well be on the way with President Hu Jintao evincing a commitment to economic growth at the APEC summit over the weekend.
In anticipation of the job's report, the markets and gold jumped yesterday, but there was no good news for President Obama as Friday's report shows the US added a paltry 96,000 jobs in August.
Rio Tinto (ASX:RIO) has teamed up with Sydney's University of New South Wales to create the world's first virtual mine for the purpose of teaching block caving
Australian trade minister Craig Emerson has said Chinese demand will continue to give support to the country's mining boom despite declines in export prices.