29 miners trapped in a Chinese mine were rescued on Monday. The China Central Television broadcast live images of people being rescued from the coal mine in the Sichuan province.
Anglo American has decided to sell the Callide thermal coal mine in central Queensland located south west of Gladstone. The decision comes as the mining company wants to maintain focus on its high margin export businesses. No value has been placed on the Callide mine by the company.
Close on the heels of the ordeal of 33 Chilean miners trapped in an underground copper mine, yet another tragedy has struck the mining industry. 29 men are trapped down the Pike River coal mine in New Zealand. There has been no contact with the miners since an explosion ripped through the Pike River colliery. Naturally occurring methane gas is thought to have caused the coal mine explosion. High levels of gas have been detected near mine ventilation shafts.
The federal treasurer Wayne Swan predicted that Australia would move into its biggest mining boom phase in October, possibly the largest since the 1850s.
The European Union is seeing the shortage of raw materials as a major risk for the global economy as demand begins to exceed supply. European Union trade chief Karel De Gucht said that no country possessed all the raw materials that it needed.
Atlas Iron, an Australian iron ore producer, with a number of key projects located within 150 km of the port of Port Hedland in Western Australia is closing in on consolidating a deal which would allow it to use one of BHP Billiton's Pilbara railway lines.
Vallar of Nathaniel Rothschild and the Bakrie family of Indonesia have joined forces to dominate the booming Indonesian coal exports sector. The publicly traded investment vehicle set up by Nathaniel Rothschild is aiming to create an Indonesian resource champion that would be listed on the London Stock Exchange.
Mapungubwe World Heritage Site in the northern province of Limpopo, is the reason why UNESCO is sending in a team of environmental experts to South Africa. The experts will be on ground next week to look into the impact of mining at the World Heritage listed site.
Reliance Power has received the go ahead from the Indian government for its project in the state of Jharkhand. The proposed Rs. 20,000 crore project has been granted initial clearances for coal mining.
Dubai is looking forward to new energy options such as clean coal and nuclear power. Currently the Middle East nation generates almost all of its energy by burning natural gas. It hopes to generate 20% from clean coal and another 20% from nuclear energy in the future.
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