Aspire Mining Limited has lifted its production expectations for its Ovoot Coking Coal Project in Mongolia based on the latest compilation of coal washability test results.
The U.S. Mine Safety and Health Administration announced that the emergency rule on controlling coal dust implemented last year in underground mines is now permanent. The rule was instated in September 2010 about five months after the explosion at the Upper Big Branch mine in West Virginia killed 29 miners.
New Zealand Prime Minister John Keys said in an interview with the Australian press that there were major changes to be made in mine safety regulations in New Zealand following the Pike River mine explosions.
The mining boom has brought prosperity to Australia but just to a select few parts. A fact shown by the annual State of the Regions report that claims that most of the country is missing out in the benefits of the profitable mining industry.
Tata Steel has decided to sell its 26.72 % stake in Riversdale Mining Ltd for $1.12 billion. The company which is currently controlled by majority stake holder Rio Tinto Jersey Holdings is hoping to de-list.
The Queensland government’s plan to save large parts of land for farming is unacceptable to the mining industry. A study which was commissioned by the Queensland Resources Council based on scientific and peer review evidence found that the criteria for the government’s strategic cropping land policy were not clearly defined.
Itochu Corp is to invest $1.6 billion in thermal coal operations in Colombia. The deal with Drummond Co. of the United States will give Itochu a 10% stake in the coal mining operations. The deal includes an exclusive right to export the extracted coal to Japan.
The Tanzania parliament has approved a five year development plan which includes an Australian inspired super-profit tax for the mining industry. The $27.4 billion development plan hopes to earn revenue from the mineral resources of the nation.
Australian Treasurer Wayne Swan said on Tuesday that the investment needs and demand for capital for the country are set to grow proportionately with the resources boom. For this reason Australia will have huge opportunities for foreign investment. The Treasurer was speaking to the International CEO Forum in Canberra.
Astra Mining, an Australian diversified mining company, has confirmed its intention to list on the Frankfurt Stock Exchange at an Extraordinary General Meeting held today.
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