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New Anti-Mining Tax Campaigns Set to Re-Commence

The short respite won by Prime Minister Julia Gillard's intervention and negotiations with heads of the mining majors seems to be over with a new anti-tax campaign about to commence.

From Fortescue Metals Group Ltd 26 Jul 2010

Andrew Forrest Says Government Will Need to Redesign Mining Tax

If Fortescue Metals Group Ltd CEO Andrew Forrest has his way Prime Minister Julia Gillard can forget about having the new mining law passed in its current form after the elections.

From Fortescue Metals Group Ltd 25 Jul 2010

U.S. National Mining Association Files Law Suit Against EPA and Army Engineers

The National Mining Association (NMA), representing the interests of mining industry in the U.S., filed a law suit Tuesday against the U.S. Environmental Protection Agency (EPA) and the Army Corps of Engineers, claiming the agencies are "unlawfully obstructing permitting of coal mining operations" in Central Appalachia.

21 Jul 2010

BHP Billiton Cautious on Global Financial Recovery

BHP Billiton (ASX:BHP) says that despite its petroleum and iron ore divisions having both achieved their annual production records, the mining giant is continuing to err on the side of caution about the short term outlook for the global economy.

From BHP Billiton Plc 20 Jul 2010

Linc Energy Shares Jump on Coal Mine Sell Off Speculation

Linc Energy (ASX:LNC) shares have jumped more than 36% after it said it was in talks with Adani Enterprises to sell its coal mines. Linc Energy CEO Peter Bond said that the coal mines at the Galilee tenement, which Adani is looking to buy, were valued at $1.3 billion.

20 Jul 2010

Shares in Oxford Resource Partners Drop on 1st Day of Trading

The day did not go as well as imagined for the largest producer of surface mined coal in Ohio. In fact Oxford Resource Partners LP (OXF:US) found its shares slipping on the first day of trading in its $162 Million IPO.

20 Jul 2010

India's Reliance Power Gets New Life Line on Coal Power Plant Loan

A full financial, technical and environmental review will be undertaken by the members of the U.S. Export - Import Bank before they take a vote on giving India's Reliance Power a loan. The loan worth $600 million is to finance a new coal fired power plant to be located in India.

20 Jul 2010