Bore water tested at the site of the Cougar Energy plant near Kingaroy, Queensland has been found to be under permissible limits for levels of benzene and toluene.
By Joel Scanlon
26 Jul 2010
The short respite won by Prime Minister Julia Gillard's intervention and negotiations with heads of the mining majors seems to be over with a new anti-tax campaign about to commence.
In a temporary truce between Kumba Iron Ore and ArcelorMittal, the world's largest steelmaker has agreed to buy ore from Kumba in the next year at about half of recent market prices. Kumba is a unit of Anglo American Plc.
If Fortescue Metals Group Ltd CEO Andrew Forrest has his way Prime Minister Julia Gillard can forget about having the new mining law passed in its current form after the elections.
Bendigo Mining (ASX: BDG) and BCD Resources (ASX: BCD) are joining forces to create a mid-tier gold company which can work on the Beaconsfield Gold Mine in northern Tasmania. BCD Resources was formerly known as Beaconsfield Gold.
Woodside Petroleum's production is being affected by the cost of maintenance related closures and asset sales. The oil and gas company has recorded a drop in its second quarter production levels by 10% compared to the previous year.
Freeport McMoRan Copper & Gold Inc. (NYSE:FCX) has reported a 10% rise in its second quarter earnings.
By Joel Scanlon
22 Jul 2010
Shears Minerals (TSXV:SRM) is buying a diamond mine in Nunavut. The Alberta-based exploration company is hoping to pick up the Jericho mine which happens to be Nunavut’s only diamond mine.
By Joel Scanlon
22 Jul 2010
Rio Alto Mining Ltd. (TSX:RIO) has received mining permits from the General Bureau of Environmental Affairs (DGAA) of the Ministry of Energy and Mines (MEM) of Peru for the La Arena resource in north central Peru.
By Joel Scanlon
22 Jul 2010
Other big oil companies have taken a lesson from the BP's Gulf of Mexico well explosion and subsequent oil spill.
Newcrest Mining Ltd. (ASX:NCM) has recorded a 32% increase in its Q4 2009/2010 production. A year ago it produced 397,826 ounces of gold in the same quarter, and this year it produced 526,131 ounces of gold.
Canadian Gold mining company Argonaut Gold (TSX:AR) has recorded an increase of 57% in gold production in the second quarter. Argonaut produced 10,062 oz of gold during this time frame.
By Dr. Cameron Chai
21 Jul 2010
First Quantum Minerals (TSX:FM), a Vancouver, British Columbia based mining and metals company, is facing a drop in production over the political uncertainty of its future of mining in Congo.
The National Mining Association (NMA), representing the interests of mining industry in the U.S., filed a law suit Tuesday against the U.S. Environmental Protection Agency (EPA) and the Army Corps of Engineers, claiming the agencies are "unlawfully obstructing permitting of coal mining operations" in Central Appalachia.
By Joel Scanlon
21 Jul 2010
Confusion over New Zealand's mining rules are causing the mining industry heartache. The recent change on the stance of mining on conservation land by the government has not gone down favorably.
By Joel Scanlon
20 Jul 2010