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.
Xstrata has been given federal approval for its Wandoan Coal Project which is likely to develop into the largest open cut coal mine in the southern hemisphere.
The BG Group has decided to halt the construction of the coal seam gas pipeline of its Australian arm QGC. The $15 billion worth Queensland Curtis Island coal seam gas to LNG project has run into a wall thanks to some of its environmental management plans having not been approved. QCG made the announcement about halting work on the pipeline last Thursday.
Australia’s Environmental Protection Agency (EPA) has refused permission for a coal mine in the Margaret River region of Western Australia on grounds that it would be environmentally unacceptable. EPA Chairman Paul Vogel said that the no was based on the proponent’s referral information and environmental advice presented to the EPA.
As the world watched with bated breath how nuclear reactors leaked radiation in Japan, a more pressing problem is also developing in the island nation. The power and electrical generation capacity of the country is going to be severely challenged. This could translate into good news for the mining sector in Australia.
As part of the detailed inquiry into the Pike River explosion that killed 29 miners in New Zealand the royal commission will also study the safety systems in place at the mine. The preliminary hearing of the inquiry into the disaster will open on April 5th, 2011 in Greymouth.
In a mine collapse in Pakistan 10 people were killed and another 38 are feared to have died after methane explosions rocked the underground mine. The state-owned Pakistan Mineral Development Corporation mine is located in the Baluchistan province about 35 km away from the province capital of Quetta.
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.