Miners adapt to lower coal prices

Source: Daily News | 2014-12-12
Thermal coal prices recently touched a five-and-a-half year low of US$62.25 per tonne and the market has seen several mining companies announce plans to sell coal assets or take on partners to weather the downturn.

Vale may sell part of its base metals division 

Source: Print Archives | 2014-12-10
After paying almost US$20 billion for Inco in 2006, Vale (NYSE: VALE) says it may sell part of its base metals division to unlock value.

BHP spinoff South32 to launch in mid-2015

Source: Daily News | 2014-12-09
BHP Billiton’s (LSE: BLT; ASX: BHP; JSE: BIL) new spinoff company will be named South32, a nod to the location of its assets in the Southern Hemisphere and its two regional centres in Australia and South Africa.

Cliffs' Bloom Lake faces uncertain future 

Source: Print Archives | 2014-11-26
Struggling U.S.-based iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) may close its Bloom Lake iron ore mine in eastern Quebec, as it bids farewell to Canada.

Met coal producers prepare for long price weakness 

Source: Print Archives | 2014-11-19
The benchmark price for metallurgical coal has dropped to a multi-year low of US$119 per tonne, and Moody’s Investors Service doesn’t see much relief for met coal producers until the second half of 2016. In the meantime, it warns,...

Glencore to shut Australian coal mines temporarily 

Source: Print Archives | 2014-11-19
Glencore (LSE: GLEN) says it plans to shut down its coal operations in Australia for three weeks starting from mid-December due to slack demand and weak prices.

US stocks soar, Oct. 27-31 

Source: Print Archives | 2014-11-05
U.S. equities gained as the American economy showed signs of improvement.

Iron ore price collapse claims more victims 

Source: Print Archives | 2014-10-22
Cliffs Natural Resources (NYSE: CLF) and London Mining (US-OTC: LIIGF; LSE: LOND) have become the latest casualties of falling iron ore prices, with Cliffs warning that it expects to record a US$6-billion non-cash impairment charge in the third...

Volatility hits US stocks, Oct. 13-17 

Source: Print Archives | 2014-10-22
U.S. equities ended the choppy trading week in negative territory. The Dow Jones Industrial Average fell 164 points to 16,380.41, despite a late partial recovery that snapped a six-day losing streak on the back of strong earnings reports. 

US stocks tumble, Sept. 29-Oct. 3  

Source: Print Archives | 2014-10-08
U.S. equities had a rough ride during the trading week. The Dow Jones Industrial Average fell 103 points to 17,009.69, while the S&P 500 Index lost 15 points to end at 1,967.90. The tech-heavy Nasdaq Composite Index tumbled 37 points to...