Lyntek Inc. has published the "Coles Hill Conceptual Study," an engineering and feasibility study that looks at a proposed uranium mine and mill in Pittsylvania County. The proposed mining operation in Southside Virginia is likely to bring 350 jobs and about $40 million to the local economy according to the study.
With the Gulf of Mexico dominating U.S. news, now a federal court judge has overturned the ban on drilling imposed by President Obama after the oil spill. The explosion which triggered a massive oil spill in the month of April in the Gulf of Mexico caused Obama to put the six month moratorium in place.
Opposition slams WA Premier Barnett for accepting $350 million from mining giants BHP and Rio Tinto, questioning the deal's implications for governance.
QRC's survey indicates the Super Profits Tax may threaten mining operations, risking 10,000 construction jobs and hindering economic development in Queensland.
The mining industry is poised for a $170 billion boom in 2010-11, as iron ore and coal prices soar, benefiting major players like Rio Tinto and BHP.
Obama appoints a replacement for Elizabeth Birnbaum who has resigned under pressure as the head of the Interior Department’s Minerals Management Agency after just ten months in office. Her replacement is former Justice Department inspector general Michael Bromwich.
Australian Prime Minster Kevin Rudd is seeing the new agreements signed with China in Canberra yesterday as a way at getting back at those criticizing the RSPT. Of the 10 agreements signed 7 related to the resources and energy sector.
Henry's statement on the resources super profits tax reflects frustrations with the debate, urging for a unified approach to tax reform amid public skepticism.
In a tragic accident for the Sundance Resources mining company the aircraft which crashed into dense forests in Africa had no survivors. The Perth based company lost its chairman, managing director and CEO, company secretary and three directors. There were a total of 11 people on board.
Chinese concern over the Australian Government's proposed Resources Super Profit Tax (RSPT) is likely to be high on the communication agenda when Vice President Xi Jinping of China meets Australian Prime Minister Kevin Rudd today.
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