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Report Says Fewer Jobs in Current Australian Mining Boom

The mining boom has not led to more jobs as per a report from the University of Adelaide. The Australian Institute for Social Research published a report saying that while 12,500 people were given employment in the mining sector in 2007 the numbers fell quite a bit in 2010 with just under 8,000 people getting jobs within the mining sector.

21 Mar 2011

Lundin Mining Advises Shareholders to Reject Equinox Bid

Ludin Mining has asked its shareholders to reject the Canadian $4.7 billion bid made by Equinox Minerals saying that the offer is under valuing the company and is considered too uncertain. Ludin Mining said that the debt financed takeover bid from the company was financially inadequate and highly risky.

From Lundin Mining Corporation 21 Mar 2011

Magellan Metals Resumes Lead Transport Operations in Western Australia

Magellan Metals Pty Ltd said that it would resume regular lead transport operations from its mine in Western Australia in the next few days. It said that after resumption of mining operations at the Magellan Mine in February 2011 there was a stockpile of lead concentrate waiting at its Wiluna mine site.

20 Mar 2011

A Boost for the Timber Industry from the Pilbara

Timber workers from Manjimup are the latest beneficiaries of the Pilbara region mining industry’s booming success. The mining giant Rio Tinto has decided to hire 24 former timber workers giving them a fresh lease of employment after the timber mills that they used to work for closed down.

20 Mar 2011

Largo Resources Extends Option Agreement to buy Final 30% of Northern Dancer Project

Largo Resources is a mineral exploration and development company, Canada focused on establishing a global leading strategic metals company.

From Largo Resources Ltd. 18 Mar 2011

Queensland Fast Tracks Apprenticeships and Migration to Cope with Mining Demands

Mining apprenticeships are being fast tracked in Queensland to try and meet shortfalls that the mining industry is currently facing. As per official estimates a shortfall of about 36,000 tradespersons will be found in the mining sector by 2015.

17 Mar 2011

Five Arrested in Welsh Mine Site Fraud

Five people have been arrested for the fraudulent sale of four mining sites in the south of Wales, UK.

17 Mar 2011

Vantage Drilling Signs Definitive Agreement for Aker’s Two Ultra Deepwater Drill Ships

Vantage is an international offshore drilling company focused on operating a fleet of high specification drilling units.

17 Mar 2011

Trafina Energy Purchases 18 Additional McMullen Lands, Alberta

Trafina Energy buys a 100% working interest in the 18 contiguous sections (11,520 acres) adjoining its lands at McMullen in northeastern Alberta. This acquisition includes considerable number of drilling sites and augments the growth potential at McMullen.

17 Mar 2011