The rains in Australia and Brazil have played havoc with shipments for mining giant Vale with 600,000 tonnes of iron ore being delayed from Brazil and 500,000 tonnes of coal being delayed from Australia.
La Preciosa coal mine located in north-eastern Colombia saw an explosion rip through it killing 17 miners. Six miners who survived had serious injuries and four more are missing in the mine, feared dead.
Cerrejon is a coal mining venture that BHP Billiton, Anglo American and Xstrata own in Colombia. Each company holds 33.3% of stake in the mine. The union of mine workers at the mine have voted in favour of a walkout over wage issues. The National Union of Coal Industry Workers represent 96% of the current employee strength at the mine.
Coalcorp Mining Inc. (TSX VENTURE:CCJ.H) announces that it has entered into an agreement with Formation Metals Inc. (TSX:FCO) for the prepayment by Formation of the 12% unsecured convertible debenture in the principal amount of $8 million issued by Formation to Coalcorp on May 6, 2010.
The U.S. Government's Office of Surface Mining Reclamation and Enforcement has outlined in a document how protecting streams from coal mining will affect the industry.
Puda Coal, Inc. (NYSE Amex: PUDA), a supplier of high grade metallurgical coking coal used to produce coke for steel manufacturing in China and consolidator of nine coal mines in Pinglu County Yuncheng City and four coking coal mines in Huozhou County Linfen City in Shanxi Province, today provided additional updates on the status of the Company's coal mine consolidation projects.
The mining industry may face an acute shortage of manpower in the next few years as per a report from professional services organization Deloitte. The report said that the industry will need 58,000 more workers by 2020 to maintain the production levels that the industry has at present.
The floods may not be the worst thing that miners will be facing in Queensland according to the Construction, Forestry, Mining and Energy Union (CFMEU). The CFMEU says that the mine workers in Queensland may also lose their jobs thanks to the heavy rains and floods.
The coking coal miner's last director to agree to the proposal was Tata Steel’s representative NK Misra. His appointment to the Riversdale Mining board of directors was by virtue to the 24.2% stake that Tata Steel has in the company.
Cougar Energy will be seeking legal advice on its joint venture partner Eneabba Gas as per a statement given to the stock exchange. The two companies had an agreement to develop the Sargon coal tenements in Western Australia.
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