The Department of Environmental Protection (DEP) in West Virginia has denied a petition which asked them to declare Blair Mountain unsuitable for mining. The June 2, 2011 petition was called frivolous by the DEP lawyer under state law.
SouthGobi Energy Resources Ltd. (SGQ.TO) has been issued a mining license for its wholly owned Mongolian operating subsidiary SouthGobi Sands by the Mineral Resource Authority of Mongolia. Shares in the company rose by 5 cents after the announcement to end up at $10.75.
The Chinese are worried about the mining reforms that Australia is planning. With the proposed mining tax coming up the Chinese diplomat Ouyang Cheng warned it would be difficult for Australia and China to maintain a healthy and steady economic co-operation unless reforms to foster Chinese investment were made.
Following in the footsteps of many resource-rich nations Mozambique is also planning to amend its old mining laws. Mining Minister Esperanca Bias confirmed this in a recent interview, saying the government was having discussions with all stakeholders.
In the Australian city of coal and steel, Wollongong, the community protests afresh for the new carbon pollution tax. Prime Minister Julia Gillard’s pollution levy is met with hostile opposition here. Located 50 miles south of Sydney in New South Wales the city of Wollongong has a population of 300,000 people.
In another setback to the mining tax proposed by the federal government a senate inquiry found that it would affect Australia’s competitiveness and should be cancelled. The Western Australia Liberal senator and committee’s chairman Mathias Cormann summarized the findings on the minerals resource rent tax (MRRT) in Perth.
The Indian Environment Ministry gave permission for mining in six coal blocks in the state of Orissa. Five of these were in what previously were called ‘no go’ areas by the Central Environment Minister Jairam Ramesh. The coal will be used to work three power plants increasing power generation capacity by nearly 7,000 megawatts.
Gina Rinehart is a little known mining heiress who is all set to become the richest woman in the world. Unlike Warren Buffet, Bill Gates, Mark Zuckerberg, the Walton family and those Google guys, no one outside Australia has heard much about the publicity shy mining executive.
China Energy Conservation & Environmental Protection Group plans to build a clean coal plant in Inner Mongolia in partnership with Seamwell International Ltd. The state owned project developer and the West Yorkshire, UK-based firm will collaborate on the $1.5 billion project.
After it came to light that the Chinese government controlled Shenhua Watermark Coal had been buying rural land for coal exploration in New South Wales the Gillard government is now planning to review land ownership across the region.
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