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China Gets Mine Safety Advice from Hunter Valley Coal Miners

China's abyssal safety record in the mining industry has provoked Chinese mining officials to seek the help of safety experts from Australia's Hunter Valley region. On an average, 13 people die in mining incidents in China each day.

22 Aug 2010

Bob Brown Proposes a 'Bigger' Mining Tax

Bob Brown, Australian senator, and Parliamentary Leader of the Australian Greens, has proposed a bigger mining tax to fund education to the tune of an extra $2 billion to be pumped into public schools and universities.

19 Aug 2010

Centennial Coal Reports Drop in Profits

Centennial Coal (ASX:CEY) has announced a 28% fall in the net profits for the year 2009-2010. The annual net profit was reported at $51.5 million a step down from the $71.2 million posted by the company in the financial year 2008-09.

From Centennial Coal Company Limited 16 Aug 2010

Zijin Mining Group to Shift Focus from Overseas Expansion to Safety and Environment in China

Toxic leaks, oil spills and fires seem to be plaguing Zijin Mining Group Co. The biggest gold producer in China has decided to slow down its pace of expansion overseas to focus on strengthening the safety and environmental standards at its domestic operations as per a statement made by company Chairman Chen Jinghe.

10 Aug 2010

Linc Energy Looks for Partners for Move to Commercialisation

Linc Energy (ASX:LNC) is likely to get some help from a partner to build its first commercial plant in Australia. The Managing Director Peter Bond said that they were still about two years away from commercialising their underground coal gasification technology.

9 Aug 2010

Whitehaven Coal Close to Takeover

Whitehaven Coal Ltd. (ASX:WHC) may be facing a buyout. As per the company statement Whitehaven confirmed that a data room has been in place for a long time in relation to various potential transactions. However the uncertainty over any proposal developing due to the current third party talks still existed.

From Whitehaven Coal Limited 9 Aug 2010

Date Recorder at Upper Big Branch Coal Mine Shows No Methane Prior to Explosion

The Upper Big Branch mine data recorder has not give any indication of a sudden methane build up before switching off 98 seconds prior to the explosion which killed 29 men in the coal mine.

From Massey Energy Corporation 8 Aug 2010

Nippon Steel Invests in Foxleigh Coal Mine

Foxleigh coal mine in Queensland has gained a new investor in Japan's Nippon Steel. Nippon has bought a ten percent stake in Foxleigh mine which is an open cut mine in Bowen Basin in Queensland. Nippon took over t...

8 Aug 2010

Australia Posts Record Trade Surplus Thanks to Mining Industry

Australia has posted a record monthly trade surplus of $3.54 billion dollars for the June period. The Australian Bureau of Statistics said that this was the highest surplus ever recorded.

5 Aug 2010

Speculation Continues on Whitehaven Coal Takeover

Whilst the coal sector in Australia is consolidating gains and attracting new investments, Whitehaven Coal (ASX:WHC) is said to have refused an informal approach for a takeover bid but has confirmed it is in discussions with other companies over potential corporate transactions.

From Peabody Energy 5 Aug 2010