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Banks Look to Distance Themselves from Mountaintop Removal Mining

Banks are looking to distance themselves from activities that they think may damage their reputations and bottom lines. One such activity of mountaintop mining practices.

30 Aug 2010

Mongolian Mining Corp Approved for $1b IPO

The Mongolian coking coal company Mongolian Mining Corp has been approved by the listing committee of the Hong Kong stock exchange. It was formerly known as Energy Resources and runs the Ukhaa Khugdag mine located 245 km from the Chinese border.

30 Aug 2010

Environment Protection Coalition Calls for Regulation of Coal Fired Power Plant Waste

The Environment Protection Coalition set up by Earthjustice, the Environmental Integrity Project and the Sierra Club, have scrutinized coal waste disposal across 21 states in the U.S. to come up with their survey.

30 Aug 2010

New Evidence Finds Explosive Levels of Methane in Upper Big Branch Mine Prior to Dealy Explosion

In the ongoing investigation at the Upper Big branch mine in West Virginia, new evidence uncovered by federal officials says that a handheld meter had detected explosive levels of methane before the blast which killed 29 miners.

From Massey Energy Corporation 29 Aug 2010

South Africa's Biggest Labor Union Calls for a State Mining Company to Invest in Strategic Minerals

The National Union of Mineworkers (NUM) is in favor of a state mining company to invest in strategic minerals such as platinum, uranium, coal, iron ore and manganese.

26 Aug 2010

China Gets Mine Safety Advice from Hunter Valley Coal Miners

China's abyssal safety record in the mining industry has provoked Chinese mining officials to seek the help of safety experts from Australia's Hunter Valley region. On an average, 13 people die in mining incidents in China each day.

22 Aug 2010

Bob Brown Proposes a 'Bigger' Mining Tax

Bob Brown, Australian senator, and Parliamentary Leader of the Australian Greens, has proposed a bigger mining tax to fund education to the tune of an extra $2 billion to be pumped into public schools and universities.

19 Aug 2010

Centennial Coal Reports Drop in Profits

Centennial Coal (ASX:CEY) has announced a 28% fall in the net profits for the year 2009-2010. The annual net profit was reported at $51.5 million a step down from the $71.2 million posted by the company in the financial year 2008-09.

From Centennial Coal Company Limited 16 Aug 2010

Zijin Mining Group to Shift Focus from Overseas Expansion to Safety and Environment in China

Toxic leaks, oil spills and fires seem to be plaguing Zijin Mining Group Co. The biggest gold producer in China has decided to slow down its pace of expansion overseas to focus on strengthening the safety and environmental standards at its domestic operations as per a statement made by company Chairman Chen Jinghe.

10 Aug 2010

Linc Energy Looks for Partners for Move to Commercialisation

Linc Energy (ASX:LNC) is likely to get some help from a partner to build its first commercial plant in Australia. The Managing Director Peter Bond said that they were still about two years away from commercialising their underground coal gasification technology.

9 Aug 2010