The final chapter in the tragedy at Pike River Coal Mine came into play when the New Zealand Police Commissioner Howard Broad said it was too dangerous to attempt to find the bodies and he would not put additional lives at risk. He added that he had little confidence that the bodies would ever be recovered.
The Environmental Protection Agency in the US has blocked a proposal for what may have been the largest mountain top mine in Appalachia, Logan County, West Virginia. The rejection of the coal mine was justified by the EPA saying that the mine would have caused irreversible damage to nearby streams.
A group of Ministers has been constituted by the Indian Prime Minister Mr. Manmohan Singh to tackle the controversial “no go” policy of the environment minister Jairam Ramesh.
The environment ministry has...
South Heart Coal LLC has filed their application to build the 4,600-acre project new coal mine in southwestern North Dakota. They are hoping to supply lignite to a $2.2 billion electric power plant that a separate company, South Heart Energy Development LLC, plans to build nearby. The powerplant will produce 175 megawatts of electricity.
A couple of Upper Hunter mine modifications have been approved by the Department of Planning. The first one, the Ashton mine is located near Singleton. The proposed layout of the mine has been changed to include diversions in two places that will stop mining under Bowman's Creek.
Coal mines and railroads in Queensland are continuing to shut down as the flood situation in the Australian state continues. The coal supply shortfall in the global market is currently picked up by US coal producers.
The freight rates for shipping lines are dropping despite record rise in commodity prices. Leasing costs for capesizes, 1000-foot-plus ships, which haul iron ore and coal may go down 34% to their lowest prices since 2002 in the present year as per a survey conducted by Bloomberg.
The floods in Queensland are affecting its mining sector adversely. Projects worth $2 billion are facing delays and additional costs as the floods cause work disruptions in many mines across the state. Many mines have had to cease production on a temporary basis or shut down completely due to the heavy rains.
Rio Tinto is submitting a bidder’s statement in relation to an Australian $16 a share off-market takeover bid for Riversdale Mining. On Monday Rio Tinto lodged the statement with the Australian Securities and Investments Commission. A copy was also sent to Riversdale Mining.
Xstrata owned Blakesfield mine in New South Wales shut down operations following a fire. There were 50 employees working in the mine when the fire erupted but they were all evacuated safely from the mine as per the spokesman for Xstrata, James Rickards.
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