Australian mining and construction company Thiess is currently in negotiation with the 200 workers at a coal mine in Queensland. Workers at the Collinsville mine went on strike on Tuesday over job security concerns and pay disputes.
Cougar Energy (ASX: CXY) may have reason to celebrate although it is not quite out of the woods yet. The underground coal gasification plant near Kingaroy QLD had been put on hold last month when traces of benzene and toluene were found in bore water supplies in close to the plant.
Bandanna Energy Limited (ASX:BND) has stepped up its drilling activity with the addition of a sixth drill rig. Three rigs are now currently drilling in Bandanna's Golden Triangle area and three, operated by AMCI, are drilling in the South Galilee Project area.
Bore water tested at the site of the Cougar Energy plant near Kingaroy, Queensland has been found to be under permissible limits for levels of benzene and toluene.
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.
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.
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.
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.
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.
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.
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