TurkPower has reported that Sibcoal Mining, TurkPower’s wholly owned subsidiary, has purchased 100% of a 49-year lease in order to expand, mine and operate the Zavyalov Square Part 1 (Zavyalov) located in the Toguchina Coal Field.
Canadian resource company, Goldsource Mines announced that it has concluded an updated resource evaluation for the Border Coal Project.
A federal inquiry team studying the effects of the ‘fly in fly out’ workforce is moving around regions that are affected by this mining practice. The inquiry is being conducted by the House of Representatives Standing Committee on Regional Australia to see exactly how the mobile workforce impacts the local community.
Usibelli Coal has been granted permission to open its new coal mine in Canada. The Department of Natural Resources gave the company permits to open a new pit mine in the north east of Healy at the Jumbo Dome Mine.
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.
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