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NSW Minerals Council Not Happy With New OHS Rules

The New South Wales Minerals Council said that the health and safety of miners could be in jeopardy without harmonized Occupational Health and Safety (OHS) regulations. The chief executive of the NSW Minerals Council, Nikki Williams made the statement at the largest OHS conference which hosted over 500 people.

25 Jul 2011

Xstrata Buys Queensland Cattle Station to Make Way for Coal Mine

In Queensland a Wagyû cattle breeding farm is to be sold to Xstrata. The Swiss mining giant is buying the 17,474 hectare pastoral farm from the Australian Agricultural Company. The deal has been struck for $21.6 million and the farm is to be sold minus the cattle and machinery.

25 Jul 2011

New Report Says Australian Interest Rates Will Rise as Mining Boom Drives Wages Higher

A Deloitte Access Economics report said that the Reserve Bank of Australia (RBA) would increase interest rates three times over the coming year. This will be in response to rising wages that go along with the mining boom that will help lift the economy out of the slump that it went into following natural disasters.

25 Jul 2011

Newcrest's Gold Production Back on Track

Newcrest Mining had good news to share in its quarterly gold production report. The fourth quarter production of Australia’s biggest gold producer has rebounded 16% despite the problems being faced at its Hidden Valley and Lihir Mines.

From Newcrest Mining Limited 21 Jul 2011

OZ Minerals Announces $200 million Share Buyback

OZ Minerals has confirmed a $200 million share buyback after announcing high copper and gold production from the Prominent Hill mine. The buyback is to take place after August 17, 2011 once the half year financial results are announced.

From OZ Minerals Limited 20 Jul 2011

Afferro Mining Looks to Raise $24 Million

Afferro Mining is planning on raising funds through an institutional placing. The gold and iron ore mining company has projects in Cameroon and Liberia.

20 Jul 2011

Churchill Natural Resources Ends Talks with St. Eugene OverTartan Lake

St. Eugene Mining Corp. said that private equity firm Churchill Natural Resources Partners had retreated from a potential bidding war with St. Eugene’s biggest share holder Claude Resources over the Tartan Lake gold mine.

From SSR Mining Inc 19 Jul 2011

Chile Reshuffles Cabinet, Names New Mining Minister

Chilean President Sebastian Pinera has named a new Mining Minster after a cabinet reshuffle. Hernan de Solminachhas been appointed as the new mining minister, he was previously the Public Works Minister. Fernando Echeverria will take over the post of Energy Minister.

19 Jul 2011

Minera IRL Reports Prefeasibility Study Results of Ollachea Project

Minera IRL has reported the prefeasibility study results of the Ollachea Project in Peru.

19 Jul 2011

ADX Energy Granted Offshore Exploration Permit in Italy

ADX Energy has announced the completion of the award process for the marine exploration permit license d 364 C.R-.AX in Italy. The nearby exploration permit d 363 C.R-.AX is under claim by ADX.

19 Jul 2011