Mongolia-based Chinese miner Mongolian Mining Corporation (MMC) has announced its financial results for 2012. In 2012, MMC registered a net loss of $2.5 million, compared to a net profit of $119 million in the previous year, due to the ...
Tags: Mining Corp, coal prices, coking coal
Australian coal producer Xstrata has issued its financial results for 2012, which has been a transformational year for the company with 10 major projects commissioned. In 2012, Xstrata registered a net profit of $1.18 billion, decreasing ...
Tags: Xstrata, coal producer, coal
US-based metallurgical coal producer Walter Energy has announced its financial results for the fourth quarter and the full year 2012, reporting solid operational progress during 2012 in the face of challenging market conditions. In the ...
Tags: Energy, coal producer, met coal
Russian steel producer Severstal has announced that production restarted on Friday, February 15 at its Vorkutinskaya mine following last week’s explosion, except for one affected area where production will remain suspended for 90 days ...
Tags: mine production, steel producer, steel
UK-based mining giant Anglo American has issued its financial results for the full year 2012, reporting a net loss amounting to $1.5 billion, compared to a net profit of $6.17 billion in the previous year. Revenues for the period decreased ...
Tags: Anglo American, mining giant, Metallurgy
Australian coal producer Xstrata has announced its production results for 2012. Accordingly, Xstrata's total consolidated coal production in 2012 rose by seven percent year on year to a record 90.4 million mt. In 2012, Xstrata's total ...
Tags: Xstrata, Coal Output, Mineral
Rio de Janeiro, Brazil-base Vale S.A. announced Friday that iron ore production reached the highest level for a fourth quarter, at 85.5 million metric tons, allowing for a larger exposure to the price rally of the final months of last year. ...
Tags: iron ore production, iron ore, mine
Mechel, one of the leading Russian mining and steel groups, has announced that its crude steel output in 2012 increased by seven percent to 6.532 million mt compared to 2011. In 2012, Mechel saw a 12 percent year-on-year increase in its ...
Chinese majority-owned coal producer Yancoal has announced that its open-pit mines Yarrabee and Middlemount have been affected by the heavy rainfalls impacting Australia's Queensland region. Production from the mines is likely to be ...
Tags: coal production, coal Exports, coal mining
The Australian dollar moved higher with traders largely shrugging off Julia Gillard's surprise calling of a September 14 election. The announcement stunned political pundits but elicited little reaction in currency markets. At 4.30pm ...
The Australian dollar moved higher in Asian trading, largely ignoring the announcement of a federal election on September 14. The announcement stunned political pundits but elicited little reaction in currency markets. At 5pm AEDT, the ...
The sharemarket rose for a 10th consecutive day, extending its longest winning streak since October 2003, as an improving global economic outlook continued to fuel demand for equities before the conclusion of a US Federal Reserve board ...
UK-based mining giant Anglo American Corporation has announced its production results for the fourth quarter ended on December 31, 2012. In the given quarter, the iron ore production from Kumba Iron Ore decreased by 19 percent year on ...
Tags: mine iron ore output, mining giant, Iron Ore
Australian miner BHP Billiton has announced its production results for the second quarter and the half year ended December 31, 2012. In the second quarter, BHP Billiton produced 42.19 million mt of iron ore, up three percent compared to ...
Tags: BHP, iron ore output, iron ore
Queensland-based mining companies including coal producers are expecting to shed nearly 500 jobs from their operations in the Australian state in the next 12 months, and this is on top of a net loss of 3,370 jobs in the mining industry in ...