Namibia is expecting about $3.5 billion worth of investments into its mining sector over the coming five years. As per the Mines and Energy Minister Isak Katali, the mining industry accounts for 15% of its total economic output in terms of GDP in the financial year ending March 2011.
Mongolia is now set to make its mark on the global mining stage. The nascent industry has been receiving expressions of interest from international investors ever since the riches beneath the Gobi desert have been discovered.
The Australian Treasurer Wayne Swan spoke to the Queensland Media Club and told them that there would be no rivers of gold from the mining industry in the upcoming budget.
The Prime Minster of New Zealand announced that NZ$3.5 million would be contributed by the government to Greymouth events centre as a tribute to miners who died at Pike River.
The Australian Center for Corporate Social Responsibility said that a long-term commitment will be needed to improve the industry's relationship with the community in Upper Hunter Valley.
Whitehaven Coal Ltd is an Australian coal mining company that put itself up for sale last October. Whitehaven says that a number of parties have submitted formal proposals for the company and it is now in discussion with a number of these parties to determine which proposal is likely to be recommended by the board of directors.
Indian Environment Minister Jairam Ramesh has agreed to consider approval of proposed mining projects that had obtained the stage 1 forest clearance before 2010. This was after immense pressure was brought about by the coal ministry and the ministries of power and steel. He also ruled out reviewing the classification of ‘No Go’ areas for coal mining.
Hunter Valley residents have decided to take on the New South Wales Lands Minister Ashton Coal and White Mining. Residents of Camberwell , an Upper Hunter Valley village have decided to legally fight the state government over the decision to revoke control of the local common.
Rio Tinto has now amassed a 49.53% stake in Riversdale Mining. The increased offer of $16.50 per share has helped them gain support for a takeover by the Riversdale Mining board in the absence of a superior offer.
In Zimbabwe mining companies need to submit plans to surrender 51% of company ownership to black Zimbabweans over the next six months.
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