Europe Top Stories

Freeport to soon restart exports from Indonesia as gov’t offers tax cuts

About $500 million of exports a month have been halted…

Teck Resources’ profit hit by lower coal prices

The price drop overshadowed the miner’s coal sales increase during…

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Mexican coal mine collapse kills four

Four miners were killed when a coal mine collapsed in the northern Mexican state of Coahuila on Friday, a senior government official said. Labor Minister Javier Lozano said in a Twitter message the fourth body was recovered late on Friday and an extraordinary inspection of the mine was underway.

No double dip, says Cat CEO

The head of the world's largest manufacturer of mining equipment says he does not see a return to recession in the United States. “I don’t see a return to high growth, but I think we’re going to bump along,” Doug Oberhelman, CEO of Caterpillar Inc., told the FT at the company's headquarters in Peoria, Illinois, this week.

Karnataka steel industry reels under mining ban

Reeling under raw material shortages and the extension of a mining ban, the multi-billion dollar Karnataka steel industry is in the doldrums due to continuing uncertainty over iron ore supply to their plants. The jittery industry was not even optimistic over the release of 25 million tonne (MT) of iron ore, lying at various mines in the southern state, as the modalities are yet to be worked out.

New, revived mines up Australian gold output

Australian gold production has risen by 10 percent as new mines came into production and ancient operations revived. The nation’s gold output in the year to June 30 totalled 270 tonnes, up 24 tonnes on the previous financial year, according to Melbourne-based gold sector consultants Surbiton Associates

Two RUSAL partners seek to sell out

Two partners in the world's top aluminium producer, UC RUSAL , want to sell their stake to a third tycoon, Alisher Usmanov, owner of an iron ore miner and shareholder in Norilsk Nickel, Vedomosti reported on Friday.

Goldcorp throws cold water on stock touts

Unscrupulous stock tout services have been pumping U.S. junior exploration companies by suggesting that Vancouver-based senior gold producer Goldcorp Inc. is about to buy them out at huge premiums to their prevailing market prices. The latest tout service to do this is Stock Castle, a wholly owned subsidiary of Fidelity Ltd., which is said to be located in the British Virgin Islands.