Edition:
United States

Jim Regan (Australia)

Booming thermal coal price on China demand cheers miners

Aug 17 2017

SINGAPORE/SYDNEY Australian thermal coal prices for spot cargoes above $100 a tonne, lifted by reports of strikes and strong Chinese demand, are providing a boost in earnings and share prices for miners like Glencore and Whitehaven Coal.

Coking coal price talks stall as steelmakers, miners spar on contract terms

Jun 01 2017

SYDNEY/TOKYO Talks between Australian miners and Japanese steelmakers over coking coal supplies have stalled as the Japanese companies are pushing to move to more flexible arrangements from the current quarterly fixed-price terms.

South32 scraps $200 mln Australian coal acquisition from Peabody

Apr 18 2017

MELBOURNE, April 18 South32 Ltd on Tuesday killed a $200 million deal to buy Peabody Energy's Metropolitan coal mine in Australia after running into competition concerns about supply of coal to local steel makers.

Activist Elliott says BHP should reconsider overhaul plan

Apr 11 2017

LONDON/SYDNEY Activist hedge fund Elliott Advisors on Tuesday urged BHP Billiton to reconsider its plan to restructure the company, saying it should be discussed with other investors.

Chinese iron ore futures firm, sector remains under pressure

Apr 11 2017

SYDNEY Chinese iron ore futures were firmer on Tuesday, but remained under pressure from concerns demand is slowing in the world's biggest market for industrial materials.

BHP's boss faces $11 billion dilemma as prices languish

Feb 24 2016

SYDNEY/LONDON The world's largest miner BHP Billiton is sitting on an $11 billion cash pile and what CEO Andrew Mackenzie does with the money will be a critical test of his ability to invest during the industry's worst downturn in decades.

Junior miners jump into medical marijuana, food service amid slump

Aug 24 2015

TORONTO/VANCOUVER/SYDNEY Many of the world's junior miners are laying down their picks and shovels to start new ventures ranging from egg exporting to medical marijuana farming, as they as try to survive a crash in metals prices by shifting away from exploration. | Video

Junior miners jump into medical marijuana, food service amid slump

Aug 23 2015

TORONTO/VANCOUVER/SYDNEY XX Many of the world's junior miners are laying down their picks and shovels to start new ventures ranging from egg exporting to medical marijuana farming, as they as try to survive a crash in metals prices by shifting away from exploration. | Video

Rio Tinto pulls plug on ill-fated Mozambique coal venture

Jul 30 2014

LONDON Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to an Indian joint venture, ending its ill-fated venture in Mozambique's coal sector.

World News