Yancoal will receive a $2.8 billion investment injection from Yanzhou Coal to keep it going as the industry waits out low commodity prices.
The current slide of iron prices will hurt more than just miners.
The growing importance of miners’ social licence to operate, especially in the wake of the ANU divestments, is being examined.
After slumping to US$77 per tonne earlier this week, iron ore has now fallen to a new five year low.
Gold is continuing its downwards slide, dropping to a new four year low of US$ 1160 per ounce.
Central Queensland coal will get a shot in the arm thanks to investment in Stanmore Coal by a Japanese mining corporation.
Iron ore prices have been forecast to continue their decline following falls to a new low this week.
Russia and China are increasing their resources ties following bi-lateral talks on enhancing their cross-border mining co-operation.
The managing director of Legacy Iron Ore, Sharon Heng, has resigned effective immediately with an unusual set of conditions.
Volatility continues in the world iron ore market, with futures slipping below $US80 for the December contract on the Singapore exchange.
With widespread cost cutting and commodity prices bottoming out in coal, Peabody CEO Greg Boyce said investors could see that the worst may be over.
As remote mining grows so too do business travel costs, but there are a number of tools aiding helping to drive down some of these expenses.
Greens senator Christine Milne will introduce a bill to compel mining companies to report significant financial dealings with foreign governments.
Boart Longyear has had its financial future secured following Centerbridge Partners’ decision to increase its investment in the company.
Atlas Iron has reduced its cash costs and upped its iron ore production guidance.
Australian National University chancellor Gareth Evans has expressed his regret over their resource company stock divestment.
Mining service company Ausdrill has downgraded its profit forecast, causing shares to plummet.
WA Mines and Petroleum minister Bill Marmion has said the days of high capital investment in new and expanding projects was giving way to a future of higher levels of production and export.
The Brazilian miner has signed a divestment contract with the outgoing Indonesian government, to sell the stake to Indonesian parties within five years.
The battle between The Australia Institute (TAI) and the coal industry rages on, with a new paper released last week playing down state coal revenue.