CNBC reported that Cliffs Natural Resources' stock price jumped close to 18 percent on Thursday after they reported stronger than expected profits for the first quarter.
Articles Tagged "coal mining"
Reuters reported that Rio Tinto is mulling over the future of its Mount Thorley Warkworth minin Australia, after a court rejected their request to expand it. As quoted in the market report:
Mining Weekly reported that, despite reports to the contrary, the mining industry remains a crucial part of the South African economy, as there are a vast number of products and services that rely heavily on the minerals and resources mined there.
Mining Weekly reported that Firestone Energy is urging its shareholders to reject a hostile takeover offer from Range River Gold.
The Globe and Mail reported that Teck is running up against some serious water pollution issues in Elk Valley, where contaminants are leaching out of their mine into the water and collecting in the eggs of the waterlife animals.
Reuters reported that striking workers have been injured in clashes with police during labour unrest at Shanduka Coal's Graspan colliery in South Africa. As quoted in the market report: Seven workers were admitted to hospital and nine were arrested after the incident on Tuesday. Operations at Graspan remained suspended on Wedn
Bloomberg reported that 10 directors have resigned from Bumi Resources's board as the company works towards distancing itself from Bakrie Group and PT Bumi.
Bloomberg reported that James River Coal has announced their biggest loss in eight years and that they have been forced to idle five mines due to waning demand.
Bloomberg reported that coal producer New World Resources is looking for a partner to help develop the Debiensko mine located in Poland.
Reuters reported that Britain's biggest coal miner, Coalfield Resources' Daw Mill Colliery has closed after a fire placing debt on future operations in the mine.