Patriot Coal slides on weak outlook for sales volumes

Shares of Patriot Coal fell 10% after the miner cut its outlook for metallurgical coal sales volumes, citing potential default by a key customer. Patriot Coal shares fell to a three-year low of $4.36 on Tuesday on the New York Stock Exchange.

Consol quarterly profit misses, stock slips

Consol Energy missed Wall Street estimates with a sharply lower quarterly profit, hurt by lower coal prices and higher costs, and it cut production targets for this year. In morning trading on the New York Stock Exchange, Consol stock was down 98...

Walter Energy Q4 misses Wall Street view

Coal miner Walter Energy posted fourth-quarter results below Wall Street estimates, hurt by higher costs and a fall in income at its US operations. Costs and expenses more than doubled in the quarter, while income from its US operations fell 8%.

Newmont Mining still evaluating Hope Bay project

Newmont Mining Corp said it continues to evaluate development options and economic feasibility of its Hope Bay project in Northen Canada, and set aside care and maintenance funding for it. In a regulatory filing, the company said the $1.6-billion...

Cliffs Natural cuts 2011 outlook for iron ore volumes

Mining company Cliffs Natural Resources Inc forecast weak full-year sales volumes at its Eastern Canadian and Asia Pacific iron ore businesses, hurt by lower sales of pellets and delayed shipments. Cliffs forecast 2011 sales volume of 7.4-million...

Company Announcement: Joy Global's growth leads to New York Stock Exchange

Joy Global Inc., recently completed the transfer of its stock listing to the New York Stock Exchange with a bell-ringing ceremony on the exchange floor

Vale iron ore head sees Asia driving steel

Iron ore will continue to sell in the range of $120 to $180 per tonne in the near term, while China, a driver of Asian steel consumption, constrains its economy in the face of inflationary threats, a senior executive of Brazilian mining giant Vale...

Nathan Chishimba

Position: Corporate Affairs Manager, Lumwana Mining Company, Barrick Gold Corporation Australia Pacific Region Main activity of the company: Copper mining Date and place of birth: April 24, 1969, Kalulushi, Copperbelt, Zambia

Vale now active in Southern, Central and West Africa

In June, Brazilian diversified mining major Vale, the world’s second-biggest mining company by market capitalisation, reaffirmed that it is set to make major investments in Africa by 2016. “Our current investment proposal in Africa is to...

Brazilian major now active in Southern, Central and West Africa

In June, Brazilian diversified mining major Vale, the world’s second biggest mining company by market capitalisation, reaffirmed that it is set to make major investments in Africa by 2016.

BHP wraps up Petrohawk acquisition

Diversified major BHP Billiton has completed its acquisition of US-based Petrohawk Energy Corporation, with the company saying it annual petroleum production would now grow by some 10%. The acquisition was completed through a short-form merger...

BHP gains majority of Petrohawk, starts merger proceedings

Mining giant BHP Billiton has declared its takeover offer for US-based Petrohawk Energy Corporation free of conditions, after satisfying all conditions, including a minimum shareholding at the end of the offer period. BHP said over the weekend...