Leighton Holdings (ASX:LEI) has won a mining service contract as part of a joint venture in Botswana. The 66 month contract is worth AUD$586 million and is at the richest diamond mine in Botswana. The Australian company is the world’s largest contract miner and holds 60% of the contract.
Wagners, an Australian mining services company, is hoping to grow with an initial public offering next year although no firm decision about this action has been taken as yet.
The Lucky Friday mine outside Mullan is the scene of a rescue attempt to save the life of a 53 year old man who was trapped in the mine in Northeast Idaho as he was underground. The miner has been trapped inside the mine...
The federal government is going to push free trade in an attempt to improve the economic condition of Australian states that have not benefited by the mining boom. Prime Minister Julia Gillard is going to give a thrust to a new round of trade liberalization to help non-mining states that are struggling to keep pace with the resources boom.
The University of Queensland has awarded an internal fellowship scheme to foster research excellence in applications that deal with water technology issues in the mining industry. It is one of 15 successful applications for the award given to Vice-Chancellor's Senior Research Fellowships.
Sundance Resources announced that developing its Mbalam iron ore project would cost $4.6 billion to develop. The project in central West Africa needs infrastructure and the completion of a definitive feasibility study for the initial stage of the project.
The mining industry in New South Wales is feeling threatened by the new planning laws being put into effect by the state government. The State Government’s Planning Act may prove detrimental to the mining industry as per New South Wales Minerals Council that says the changes would lead to mining companies moving out of the state.
As per industry research company BIS Shrapnel civil construction work will increase by around 20% over the next two years thanks to the surge in mining operations and flood reconstruction work. However skilled workers from Western Australia may end up leaving as major projects like Pluto LNG and Sino Iron Ore end. The work will pick up again in 2012 as new iron ore and gar projects get ramped up.
Proving that mining operations can also be fuelled by green energy is the Mt. Cattlin lithium mine site. The Western Australia mine owned by Galaxy Resources has received the Energy and Distribution Award in Perth this week for its considerable achievement. The award was presented by the Sustainable Energy Association of Australia.
Leighton Contractors, a wholly owned subsidiary of the Leighton Holdings Group, has won two new gold mining contracts, one in Western Australia and the other in the Northern Territory. The combined worth of these mining contracts is $317 million. Shares in the company shot up after the announcement last week.
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