Employment opportunities in the mining sector in Western Australia are growing steadily. The Australian Bureau of statistics has shown that total mining employment has hit 100,000 in the state and is likely to rise.
Colt Resources Inc. has announced that it has received formal notification from the Direcção-Geral de Energia e Geologia (DGEG), a division of the Portuguese Ministry of Economy and Innovation, that the Colt-AIOC Joint Venture application and contract for an Experimental Mining License on its 47 Km2 Boa Fé gold project has been approved by order of the Secretary of State for Energy and Mining of the Government of Portugal.
The Honourable Alassane Ouattara, President of Cote d'Ivoire, today officially opened Randgold Resources' new Tongon gold mine in the north of the country. Also at the ceremony were the Minister of Mines, Oil and Energy Adama Toungara, a number of ambassadors and senior government officials from the Cote d'Ivoire as well as Mali and the DRC, and representatives of Randgold's international and African business partners.
The Worldwide Fund for Nature (WWF) has said that toxic mining disasters and industrial accidents are waiting to happen in Eastern Europe. Especially as after a year since the toxic mud spill in Hungary the European Union has been unable to pass any related legislation.
BHP Billiton said that the resources industry in Australia will create many jobs over the next five years. They are expecting a demand for 170,000 workers to hit the industry nationwide providing ample job opportunities to the local communities.
Paladin Energy has withdrawn $127.2 million from the project finance facility for its Langer Heinrich uranium mine. The project is said to be the fifth biggest uranium mine in the world based on output.
The Premier of Western Australia Colin Barnett has said that the resolution of the Oakajee port and rail development matter is merely weeks away. He said that the project was the most difficult one that he had worked on as Premier in his three years in office, but he was confident that it would commence soon.
Is the mining industry really the big boon for the Australian economy that it is made out to be? A new report from The Australia Institute questions this. The author of the report and economist Richard Dennis said that the political clout of the mining industry was way out of proportion with its economic reality.
The Brazilian miner Vale SA is likely to sell its giant bulk carrier ships to China. The world’s largest iron ore producer had commissioned more than a dozen such ships but has decided that it does not want to become a major freight operator.
Comstock Mining Inc. said that it wished to restart the gold and silver mining operations at the historic Comstock Lode site in Virginia City. The Comstock cache was discovered in 1859 and helped fund Union efforts in the Civil War and the construction of the city of San Francisco. The company added that they had been awarded the necessary permit from the state environmental regulators for this activity.
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