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.
Mining apprenticeships are being fast tracked in Queensland to try and meet shortfalls that the mining industry is currently facing. As per official estimates a shortfall of about 36,000 tradespersons will be found in the mining sector by 2015.
What could have been the kiss of economic prosperity in southern Illinois is now being shown the metaphorical exit door by the Governor no less. Governor Pat Quinn has vetoed two bills that would allow the construction of a coal to gas plant in the state of Illinois. The two plants were proposed to be built one along the Calumet River and the other in Jefferson County in south of the state.
Employment Minister of Australia Chris Evans announced that mining giants would be able to import labour to work in their mines.
Riversdale Mining is still a prime target for Rio Tinto and the global mining giant is working steadily to seal the deal. It raised its offer of $16 a share to $16.50 a share last week and managed to increase the value of the Africa focused mining company to $4 billion.
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