The final environmental report for the expansion of the Olympic Dam project has been submitted as per schedule by BHP Billiton. This keeps the project on track for a final approval to be given in the latter half of next year.
Kinross Gold Corporation announced that it would commit $10 million over the next three years to develop a mining school in Mauritania. Tye Burt the president and chief executive officer of the company said that the mining school and training centre would be useful to the mining community.
An investment of $10 million will be made by Rio Tinto over the next five years to create a centre to research underground mine construction in Ontario, Canada. The project in partnership with the Centre for Excellence in Mining Innovation (CEMI) will be based in Sudbury Ontario.
A coal terminal that has been proposed in Longview, Washington State could be sending major coal exports to Asia within the next couple of years. The company which hopes to develop the terminal, Ambre Energy, received approval on Tuesday from the Cowlitz County Board of Commissioners.
The mining industry is the largest generator of jobs in Queensland with more than 130,000 jobs being created directly and indirectly by the industry in the last year in Brisbane alone, according to a Queensland Resources Council report released this week. The Queensland mining industry has also generated around $3.8 billion in income tax in the last financial year as well.
The federal treasurer Wayne Swan predicted that Australia would move into its biggest mining boom phase in October, possibly the largest since the 1850s.
Quadrem, a global mine supply network has been purchased by Ariba Inc for $150 million. The company which was launched a decade ago by 15 metal and mining companies has been sold to supply chain and collaborative business commerce vendor Ariba.
The South Australian Government has already given the company approval to begin operations. The Iron Chieftain Mine is located 40 km west of Whyalla.
Atlas Iron, an Australian iron ore producer, with a number of key projects located within 150 km of the port of Port Hedland in Western Australia is closing in on consolidating a deal which would allow it to use one of BHP Billiton's Pilbara railway lines.
Anglo American has made £589 million from the sale of two steel processing plants. This is part of a series of sales that it is initiating to reduce businesses which are not essential to its growth. The two steel plants sold to the Australian company One Steel are located in Chile and Canada.
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