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The Biggest Mining Company, BHP Billiton Selling 28% of Iron Ore Mine Production at Forecast Decline in Contract Prices
BHP Billiton Ltd., the world’s largest mining company, sold 28 percent of its iron ore output at cheaper spot prices after customers deferred deliveries ahead of a forecast decline in contract prices.
Armstrong Coal Company Waiting Permit To Explore Underground Mine in Muhlenberg Country
There is new information Monday about two mines the Armstrong Coal Company plans to open in the Tri-State.
Iron Ore Mine Producer, Cliffs Natural Resources Reported 4Q Profit Decline To $53,9M
Cliffs Natural Resources, the biggest iron-ore producer in North America, said on Wednesday that fourth quarter profit fell to $53,9-million, 42% lower than a year earlier.
US Underground Coal Mine Market Reported, Joy Global Q4 Profit Rises on 40% Sales Growth
Mining equipment manufacturer Joy Global Inc. announced Wednesday morning that fourth quarter profit rose from last year, helped by strong demand for its original equipment and aftermarket parts and services, partially offset by negative impact of currency translation.
Three Mining Companies Plans Cut Mining Exploration Job Amid Resources Downturn
Xstrata, Macarthur Coal and OZ Minerals – moved to cut jobs, as the resources downturn starts to threaten the broader economy.
One of the three, Macarthur Coal (mcc.ASX:Quote,News), also slashed its profit guidance and suspended dividends, sending its shares tumbling a record 22 per cent.
US Rule Coal Mine Waste Finalizes
The Bush administration published a last-minute rule Friday that will make it easier for strip-mining operations to dump waste in streams.
Environmental advocates say the change will increase the practice of mountain-top removal coal mining in Appalachia. They’re pushing President-elect Barack Obama to reverse the rule after he takes office.
Arch Coal’s Report Earning Coal Product Increase
Coal-producing Arch Coal Inc. said Monday its third-quarter earnings more than tripled, beating Wall Street’s expectations. But the miner lowered its earnings outlook for the year, citing near-term softening of coal demand.
“Despite a near-term softening of coal demand, we remain on pace to deliver our best financial performance in company history,” said Steven Leer, Arch’s [...]
Pike River Coal Report Mining Exploration Result at West Coast
Pike River Coal said today it has struck coal at its West Coast mine after two years of tunnelling to reach one of the most valuable coal deposits in the country.
Tunnellers cut through the last few metres of an access tunnel stretching nearly 2.3km under the Paparoa Range to intersect with the Brunner seam of [...]
Delta Mining Consolidated Exclusion Iron-Ore Development in Liberia
DMC CEO Heine van Niekerk said on Tuesday, Diversified South African exploration and mining company Delta Mining Consolidated (DMC) would contest its exclusion from iron-ore development in Liberia.
Van Niekerk was responding to a Reuters report that the Liberian government had on Monday disqualified DMC and India’s Tata Steel from participating in a relaunched bidding round [...]
