Patriot Coal Corp. (NYSE:PCX) has temporarily halted production at its Rivers Edge mine in West Virginia. The mine authorities said that they had closed the mine to deal with a flooded area within the mine.
Continental Coal is set to see its thermal coal production and exports soar. The thermal coal exports for the company have risen by 52% compared to just three months ago. The South Africa focused miner says that its Ferreira Coal mine has lived up to the promises that it saw last quarter.
The Environment Protection Agency in the U.S. is may have to adhere to a deadline of 60 days for mining permit approvals if some law makers have their way. U.S. Reps. Hal Rogers of Kentucky and Shelley Moore Capito of West Virginia have brought in a Mining Jobs Protection Act into the House that will help protect Appalachian coal miners.
Rio Tinto has increased its offer for Riversdale Mining by 3% in a bid to break the shareholder standoff that has ensued after it made its first bid. The offer period has also been extended until April 1, 2011, the third time that it has been extended.
The opposition leader Barry O’Farrell’s plan for a National Park near Sydney is unlikely to happen as it will affect a number of mining permits. O’Farrell has been treating the proposed park in the Dharawal State Conservative Area as his environmental platform for the elections. However previously unpublicized BHP Billiton mining licenses in the Dharawal State Conservation Area region have made the plan a legal nightmare.
Highland Mining (Highland), a subsidiary of Massey Energy Company, has received a permit from the U.S. Army Corps of Engineers to commence work at its new Reylas Surface Mine in Logan County, West Virginia.
The Premier of New South Wales Kristina Keneally is on a road trip in Hunter Valley gathering votes in what was once a Labor stronghold. In Newcastle she said that the new state based tax on mining profits being proposed by the Shadow Treasurer Mike Baird would result in a loss of jobs.
The African National Congress Youth League President hopes to gain 60% of the Anglo American mining company in South Africa. Julius Malema said that what Anglo American did with the other 40% was their own business at a gala dinner on Friday in Nelspruit. He also responded to the query about nationalization of mines in the nation by saying that it would happen in his lifetime.
A $600 million coal mine has been rejected by the New South Wales government. The South Korean state owned mining firm Kores hoped to get the permits for a mine in a key Central Coast electorate. However their plans of extracting 5 million tonnes of coal annually from Wallarah mine near Wyong may now come to nothing.
The Parkes Shire Council said that it was happy with the announcement of an elected New South Wales Coalition government committing to a policy of returning financial resources to the mining affected regions. This would translate into thousands of dollars over the next four years in terms of infrastructure projects.
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