The mining industry may face an acute shortage of manpower in the next few years as per a report from professional services organization Deloitte. The report said that the industry will need 58,000 more workers by 2020 to maintain the production levels that the industry has at present.
The floods in Queensland are affecting its mining sector adversely. Projects worth $2 billion are facing delays and additional costs as the floods cause work disruptions in many mines across the state. Many mines have had to cease production on a temporary basis or shut down completely due to the heavy rains.
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.
Mr Kevin Rudd was warned by Australian Government solicitors (AGS) that there might be legal problems with the proposed mining Resources Super Profits Tax (RSPT) as per new evidence which came to light yesterday during a Senate estimates hearing.
Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCBB:LMEFF) announces the completion of the first ten holes of the Company's 2010 planned reverse circulation drilling program on Bell Mountain project, Churchill County, Nevada, USA.
Stradbroke Island champions, the Australian Greens are pushing the federal government to ban sand mining at the location.
Iluka Resources (ASX:ILU) has seen a 53 % growth in revenues in the second quarter of 2010. The sales revenues before hedging have reached $229 million. A year ago sales revenue were at $124 million.
The Labor Party has a new leader and the mining industry is already gaining across the Australian stock market. With Prime Minister Kevin Rudd being ousted by Julia Gillard the proposed Resources Super Profits Tax on the...
The Resources Super Profits Tax (RSPT) proposed by the federal government in Australia on the mining industry is likely to cost the Australian economy more than it benefits it. This has been the main argument of all the ...
Queensland Premier Anna Bligh feels that North Stradbroke Island off Brisbane will do better as a tourism spot than as a mine. The Queensland Government will be halting the salt mining on the Island by 2027.
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