The Spring Creek Mine near Greymouth, New Zealand has been shut down by safety inspectors. Solid Energy is to explain the mine safety failures before the Department of Labor decides to lift the ban on underground work in the mine.
As per the Reserve Bank of Australia’s Deputy Governor, the mining boom has benefited more than just Western Australia and Queensland.
Xstrata is closer to moving ahead with the construction of the $6 billion Wandoan coal project located in Queensland, but is seeking another investor to come onboard project. The mining giant has appointed Macquarie Capital to handle the sale of 20% interest in the project while it waits for a land court ruling on a mining license.
The world’s largest mining company BHP Billiton is in trouble in Queensland, Australia. Mine workers are asking for changes in the work conditions as they begin a seven day strike. However both BHP Billiton and the Construction, Forestry, Mining and Energy Union – CFMEU are willing to resume negotiations.
Xanadu Mines, a junior exploration company is looking for buyers for its Mongolian thermal coal projects. The vast mineral wealth and the proximity to China make Mongolia the next boom country for the global mining community.
Newmont Mining is in the situation whereby two overseas companies are hoping to buy its coal tenements. The mining company is selling its coal assets in Queensland which are estimated to hold more than 1.2 billion tones of thermal coal.
The Wilderness Society has asked Federal Environment Minister Tony Burke to use emergency powers to protect four areas in Cape York, Australia that are currently threatened by mining proposals. The appeal was made in a letter by Gavan McFadzean last week.
Coalspur Mines Limited has announced the results of its Bankable Feasibility Study (BFS) for its Vista Coal Project near Hinton in Canada’s Alberta province.
U.S. company Peabody Energy feels that its latest Australian acquisition, the Macarthur Coal mines are not up to industry standards. The largest producer of coal in the U.S. by output, has decided to spend time and money on the coal mine to bring it up to par with its expectations.
Major opposition to lignite (brown coal) showed up in the form of a protest in Southland, New Zealand as part of the “Keep the Coal in the Hole Summer Festival”. The protestors were against a project to mine lignite near Mataura by state owned company Solid Energy.
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