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.
Tony Abbott the Federal Opposition leader said that he would not support a moratorium on coal seam gas exploration in New South Wales till he was persuaded that miners were playing fast and loose with the environment. This was in response to the indigenous group that is gearing up for a fight against coal seam gas in the state.
Teck Resources Limited has reached a tentative agreement with union negotiators to end a two month strike in the Elkview metallurgical coal mine. Located in western Canada the Teck Resources owned mine is the largest of the six coal mines owned by the company.
Coal in northeast British Columbia has attracted the attention of a consortium of Chinese investors. The Chinese group hopes to develop three underground coal mines in the area to help secure the key raw material it needs for its steel industry. The ambitious project would cost U.S.$1 billion and create about 6,000 jobs directly and indirectly associated with the mines.
The deadline for the possible takeover of Riversdale Mining by Rio Tinto is up and the fate of the $4 billion transaction is sealed as Rio fell short of the 50% votes that were needed to push the deal through.
The Queensland Resources Council wants the state to ease up and allow more mining exploration. The chief of the Queensland Resources Council Michael Roche said that the horrible environment for mining exploration in the state is getting even worse. The state’s policy settings are going from bad to worse as the Labor government tries to please the Greens by going back on its promises to the mining community.
President Obama seems to be sending out mixed signals as far as fuels and energy generation go. While the Obama administration has been saying that it is tough on dirty fuels the claim falls flat when you hear that Interior Secretary Ken Salazar yesterday announced an enormous expansion in coal-mining in the U.S. About 7,590 million tons of coal currently in federal land in Wyoming will soon be leased to mining companies.
Australian resources company BHP Billiton is going to make a capital investment of $9.5 billion to expand its Australian iron ore and coal mining operations. The largest miner in the world has now planned to expand its own mines after it failed to take over three acquisition targets in the last year.
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