Further strikes at BHP’s Australian coal mines
Workers at a metallurgical coal mine in Australia have decided on industrial action in an ongoing pay dispute.
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Workers at a metallurgical coal mine in Australia have decided on industrial action in an ongoing pay dispute.
Joy Global is expecting another tough year in 2013, as mining CAPEX remains soft. The company will continue to cut costs and reduce production capacity in line with demand. Any positive news may come from China, where performance of its subsidiary, International Mining Machinery, should start to recover from a weak 2012.
Mining major, Anglo American, has appointed Mark Cutifani, current head of AngloGold Ashanti Ltd, to succeed Cynthia Carroll when she steps down in early April.
Deloitte has released its Tracking the Trends 2013, highlighting the top ten challenges facing the global mining industry next year. These include rising costs, managing demand uncertainty and growing resource nationalism.
At least 17 coal miners have been killed in a gas explosion in an underground mine in southwest China.
Coal miners in Indonesia’s East Kalimantan province are being left in limbo as production idles while prices on the international markets drop.
The Association of UK Coal Importers has called for a new coal strategy to complement the Government’s gas strategy.
Vale’s board of directors has approved a US$ 16.3 billion investment budget for project execution, sustaining existing operations and R&D.
Anglo American has brought together leaders from more than 60 of its contracting companies to jointly plan how to improve the health and welfare of contract workers at its operations.
Despite the financial and sovereign debt crisis, German mining equipment manufacturers have posted a record sales growth of 27% for 2011. The German Engineering Federation (VDMA) expects turnover to grow by a further 20% to € 5.8 billion in 2012.
The European Commission has approved the merger between Xstrata and Glencore International.
Italy’s coal imports will rise by 12% this year to 19 million t, but its current market share remains the lowest in Europe, hitting the competitiveness of Italian industry, says industry association.