Rio Tinto is all set to embark on a new Chinese joint venture and expand an existing one in place with Sinosteel. The Sinosteel deal involves extending the existing Channar iron ore joint venture in Australia. The expansion will help produce an extra 50 million tonnes of iron ore.
Rio Tinto is about to make a bid for Riversdale Mining at $15 per share. This would be a $3.5 billion takeover bid made by the British company. There is a likelihood of the move attracting a counter bid from the Brazilian mining giant Vale.
Leighton Holdings Ltd. has won a 20 year contract in India. Thiess, a subsidiary of Leighton Holdings, will develop a $5.5 billion coal mine contract in Pakri Barwadih, Jharkhand in east India.
A mine in Kentucky owned by Massey Energy has been scheduled for shut down after being subjected to tough federal regulators. The stringent enforcement of safety regulations at the mine has left the management with little choice but to close down operations.
Australian listed company Bathurst Resources (ASX:BTU) is looking forward to developing an open cut coal mine in the Buller region of the west coast of South Island in New Zealand. The company says that the mine would have the highest safety and environmental standards.
The Indian coal deficit will be all the more evident in the coming year. India is currently facing acute coal shortage and will be required to import fuel in even larger quantities in the future. The shortage in the next fiscal year will reach 104 million tonnes as per Sriprakash Jaiswal, the Indian Coal Minister.
Rhino Resource Partners LP (NYSE: RNO) announced today that the Illinois Department of Natural Resources has granted a permit to its subsidiary, Taylorville Mining LLC, for an underground coal mine just outside of Taylorville, Illinois.
The company is believed to have acquired a 37% stake in the Vlakplaats coal mining project for US$ 13.8 million from the Australian company Continental Coal.
29 people died at the Pike River coal mine in New Zealand after an underground explosion causes a fire to rage through the mine. The rescue efforts after the explosion were stalled due to the presence of inflammable and toxic gases. With a fourth explosion at the mine this week the coal fire was made visible above ground through a ventilation shaft.
The Fortescue Metals Group is looking to diversify into coal in Queensland. The third largest iron ore producer in Australia is owned by Mr Andrew Forrest, who along with mining magnates Clive Palmer and Gina Rinehart, is looking to develop new projects in the state.
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.