In a massive crackdown on illegal coal mines China shut down 1,289 such mines last year. The nationwide effort was undertaken to cull the illegal production of coal in the country. 86 people have also arrested on criminal charges related to mine safety.
Three out of 26 miners trapped in a flooded mine pit in China were rescued on Saturday. The mine in Northeast China's Heilongjiang province was flooded on Tuesday as 45 miners were working in the pit.
In a small-scale poll the majority of Australian respondents support a ban on coal seam gas (CSG) mining while the study of the impact of the industry on the environment intensifies. 68% of respondents said that a moratorium should be put in to place for coal seam gas mining while the environmental impacts were studied.
EastCoal has completed 90% construction of the wash-plant for the Ukraine-based Verticalnaya mine. The company is expecting to ship the plant from the UK manufacturer in the upcoming month. It is preparing the ground work on site.
Xstrata has run into trouble with its expansion plans of the Wandoan coal mine in southern Queensland. Friend's of the Earth environmental group spokesperson Dr Bradley Smith said that they were opposed to what may end up as the largest coal mine in the southern hemisphere as it would emit 15% of the global emissions and impact the climate change seriously.
Exxaro Resources is the second largest producer of coal in South Africa and the diversified miner wants to increase its share in iron ore as well. As of now the company does not produce iron ore on its own and is evaluating projects in West Africa and Australia where it can take on an interest in a venture to boost its earnings.
By Joel Scanlon
Aquila Resources and Vale SA have been granted a mining lease by the government of Queensland for their Eagle Downs coal mine. The Eagle Downs coal project is located in the Bowen Basin. The board of d...
The government of Namibia has withdrawn its proposed mining tax hike. Earlier in the year the Namibian government had announced a proposal to raise the mining tax rate to 44% from its current rate of 37.5 %. The Deputy Finance Minister of Namibia, Calle Schlettwein, said that the proposal had been withdrawn to increase the corporate tax on mining companies.
Aquila Resources Ltd is selling its Washpool coal project. Tony Poli, chief executive officer of the company said that dozens of potential buyers were studying the purchase of the asset. The Perth based company hopes to raise AUD $1 billion for the asset.
Peabody Energy and ArcelorMittal have been told by the European Commission’s Directorate General for Competition that the EU Merger Regulation does not apply to PEAMCoal’s $15.50 share offer for Macarthur Coal.
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