Employment Minister of Australia Chris Evans announced that mining giants would be able to import labour to work in their mines.
Riversdale Mining is still a prime target for Rio Tinto and the global mining giant is working steadily to seal the deal. It raised its offer of $16 a share to $16.50 a share last week and managed to increase the value of the Africa focused mining company to $4 billion.
GeoGlobal Resources executes the International Operating Agreement connecting to the offshore Israel license known as 388 "Samuel".
Banks Island Gold signs an option agreement with Selkirk Metals, a subsidiary of Imperial Metals to receive 100% interest in the "Banks Island Mineral Property".
A breakthrough technology from the University of Queensland may help to grow vegetation at sites of mining operations where the heavy metal contamination does not allow normal plants to grow. The project is being supported financially by Xstrata Technology.
Galaxy Resources has been forced to call off its listing on the Hong Kong Stock Exchange due to the unfavourable market conditions. The shares of the lithium mining have since fallen to $1.14, Tuesday midday (AEST). The Australian listed company was hoping for a dual listing in Hong Kong this quarter.
Solid Energy is the state owned mining company that may buy the Pike River coal mine. The mine, at which 29 bodies of men trapped after an explosion in November 2010 are yet to be recovered, has been in receivership with Pricewaterhouse Coopers.
Protests against ‘fly-in fly-out’ workers intensified in north Queensland with the Moranbah Action Group involving nearly 400 people in a weekend rally south west of Mackay. The protesters included miners, families and business owners living in the Bowen Basin region. The march on Saturday started at the Moranbah Community Workers Club and ended in the Town Square.
The McArthur River mine (MRM) owned by Xstrata may soon double its zinc and lead output if all goes to plan. However Xstrata must spend $900 million in order for the mine to remain viable. The doubling of the zinc - lead concentrates from the mine will be not easy for the world’s largest bulk producer of Zinc concentrate.
Brazos International Exploration (BRZL), completes due diligence for the proposed acquisition of Renfro Energy, a Dallas- based independent oil company with significant oil and gas assets in Cameron Parish, Louisiana.
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