Xstrata Copper has concerns over finding skilled workers in Queensland given the high volume of mining activity taking place in the state and in Western Australia.
BP officials must be heaving a sigh of relief for the first time since April as the new cap on the oil leak seems to be holding, and the gush of oil into the Gulf of Mexico now appears to be controlled.
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.
Indophil Resources (ASX:IRN) is looking for potential buyers after Zijin Mining Group Co. decided to terminate a takeover offer relating to the open pit ban in South Cotabato province of the Philippines which impacts its Tampakan Copper-Gold Project.
Rio Tinto is ramping up work in the Pilbara region of Australia. The mining giant has pledged US$200 million in funding for its iron ore operations expansion in Western Australia's Pilbara region.
Mine safety officials in the United States are hoping for a quick passage of the new mining bill which will crack down on mines with safety problems. The industry has been complaining that the new legislation is too punitive.
In India the supposed illegal mining activities of brothers, Karnataka State Revenue Minister G Karunakara Reddy and Tourism Minister G Janardhana Reddy, were questioned by the Governor H R Bhardwaj in a public statement today.
Is the global economic slowdown finally slowing down China? It would seem that way if you look at the decline in imports of iron ore and copper in the month of June from Australia.
Orica is looking to add new mining related acquisitions to the company portfolio as per Orica Chief Executive Officer Graeme Liebelt.
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