According to the report, Queensland Premier Anna Bligh has taken the side of the mining industry in the debate with the federal government over royalties in the proposed mineral resource rent tax (MRRT.
Bathurst Resources Ltd (ASX:BTU) is developing a large open cut coal mine in the Buller region on New Zealand’s South Island. The company is focused on becoming a producer of high quality coking and thermal coal to niche export markets.
ABM Resources is happy with the gold results that it has dug up at 8 holes in the Buccaneer Porphyry Gold Prospect. The Buccaneer Porphyry Gold Prospect is part of the multi prospect Twin Bonanza Project area located in the Northern Territory.
The gas explosion which killed 29 miners at the Pike River Coal mine in New Zealand has contributed to major debts that the company may not be able to pay. Mining operations have not been undertaken since November 19, the day of the blast.
Rio Tinto may have serious competition for Riversdale Mining coming from a majority shareholder. It was reported that Tata Steel is currently exploring a joint bid with the state owned NMDC for the company.
Resources Minister Martin Ferguson said that the Australian federal government was not responsible for the latest mining tax row.
A lawsuit has been filed in the Utah Supreme Court by environmentalists to stop the development of a coal mine near the Bryce Canyon National Park.
The $1.4 billion Hunter Valley coal expansion planned by Xstrata has been approved by the company board of directors. The expansion of operations in that area will create about 800 new jobs subject to Xstrata getting all necessary approvals from the state and federal government.
Mines in Queensland, Australia are being affected by flooding caused by heavy rain over the east coast of Australia. With ten years of drought the mining companies had not planned for water management in case of floods. Now the coal mines in the region are flooded and looking more like dams.
Rio Tinto is all set to embark on a new Chinese joint venture and expand an existing one in place with Sinosteel. The Sinosteel deal involves extending the existing Channar iron ore joint venture in Australia. The expansion will help produce an extra 50 million tonnes of iron ore.
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