Coal producer Arch Coal Inc. said Friday its second-quarter profit soared because of better contract terms and a restructuring and the company forecast strong demand for coal going forward.
Net income in the quarter jumped to $69.6 million, or 48 cents per share, from $1.7 million or a penny per share, in the prior-year period. Income [...]

Junior iron ore developer Grange Resources Ltd’s flagship Southdown project will generate more than $22 billion in total revenue with construction of the mine due to start next year.
Netherlands-based chairman Anthony Bohnenn said the magnetite deposit would cost $1.6 billion ($US1.2 billion) to develop and the company was now looking for a joint venture partner [...]

China has upgraded one hydropower dam in blackout-prone Guinea, the world’s top exporter of the aluminium ore bauxite, and plans to modernise another, state radio and diplomatic sources said on Wednesday.
China has ramped up investment and diplomatic activity in Africa as it seeks new supplies of energy and raw materials to fuel its fast-growing economy.
State [...]

Xstrata Plc increased its hostile bid for Canadian nickel miner Falconbridge Ltd. by 7.2 percent to $16.3 billion to thwart Phoenix-based Phelps Dodge Corp.’s plans for the mining industry’s largest takeover.
Xstrata, the Zug, Switzerland-based producer of coal, zinc, copper and chrome, said in a statement that it will pay 62.50 Canadian dollars or $55.08 a [...]

Xinjiang Non-ferrous Metal Group, China’s second-largest nickel producer by reserves, plans to list its nickel business in Hong Kong to raise up to $200 million this year, the South China Morning Post said on Thursday.
High nickel prices should lend support to the share offering. The metal touched an all-time high of $26,850 a tonne on [...]

aterpillar Inc., the world’s largest maker of earthmoving equipment, said second-quarter profit rose 38 percent as demand for mining trucks and power generators fueled sales.
Net income increased to $1.05 billion, or $1.52 a share, from $760 million, or $1.08, a year earlier. Sales gained 13 percent to $10.6 billion, the Peoria, Illinois-based company said today [...]

The assets of the Harbin Gasification Plant and the Harbin Coal Industry Company have been injected free of charge into China’s second largest coal producer, the China National Coal Group, as their city plans to make the switch from coal [...]

PetroChina increased oil and natural gas production 6.8 percent in the first half as energy demand soared in the world’s fastest- growing major economy, the company said Monday.
Crude and gas output rose to the equivalent of 533.2 million barrels of oil, the company said. Oil production gained 1.8 percent from a year earlier, while [...]

When Robert Martin discovered the LabMag iron ore project in 1960, he found a deposit laced with enough iron that a magnet would stick to some parts of the ground.
But the deposit was low grade and considered worthless at the time. Mr. Martin went on to a lengthy career with Iron Ore Co. of Canada [...]

CLIVE Palmer is a different kind of businessman. If you were told he was from the Gold Coast you wouldn’t be surprised.
Then there’s that property developer/National Party background and a truckload of cash from China in his bank account thanks to the recent sale of an iron ore project in the Pilbara to CITIC.
You [...]