The Yellowstone mining project proposed by the New World Mine about 20 years ago has been well and truly squashed by the Trust for Public Land. Alex Diekmann, a project manager for TPL confirmed that the group had finally purchased the last 772 acres of mining claims from private owners.
By Joel Scanlon
16 Jun 2010
Renewed criticism for Barack Obama and his government in the handling of the oil spill crisis in the Gulf of Mexico has brought the US President for a 3 hour tour of the affected area. The Oil Spill was caused by the blowing up of a BP rented rig in the Gulf of Mexico.
By Joel Scanlon
16 Jun 2010
The pressure from the Mining Industry may be starting to show on the government as Resources Minister Martin Ferguson mentioned that the Australian Government may change certain elements of the new mining tax for different parts of the industry.
By Joel Scanlon
16 Jun 2010
Australian Prime Minister Kevin Rudd will face questions in Labor caucus today on the handling of the Resources Super Profits Tax or RSPT. The government is standing by its proposed 40% tax rate and its application to ex...
By Joel Scanlon
15 Jun 2010
Asciano Group has signed a 10 year coal hauling contract with the mining company Anglo American. The deal is set to generate revenues of more than $775 million.
BP shares plummeted to 355 pence as investors worried about the rising costs of the Gulf of Mexico oil spill crisis. U.S. President Barack Obama visited the spill hit areas and vowed to use all his power to heal the Gulf Coast. He was speaking at a staging post for oil clean up efforts.
By Joel Scanlon
15 Jun 2010
The Mine Safety and Health Administration (MSHA) removed Stephen Gigliotti from an internal review team on Thursday which was investigating the government actions prior to the April explosion at a Massey Energy Co. mine ...
The image of Afghanistan as a poor under developed country may soon need a change as Pentagon geologists have placed the value of mineral deposits in the country at an estimated US$1 trillion.
By Joel Scanlon
15 Jun 2010
A new deal has been signed by mining giant BHP Billiton for $3 billion with Liberia for iron ore. The BHP Billiton’s Chief Executive Officer for Ferrous and Coal, Marcus Randolph said that the company was enthusiastic about the new investment and was looking forward to moving ahead with it.
Rio Tinto's iron ore chief, Sam Walsh, was awarded an Order of Australia in the Queen's birthday honours list. The award list is run through the governor general's office and the honour is meant to be non-political.
By Joel Scanlon
14 Jun 2010
The Rio Tinto Alcan mine has had a mishap where 70,000 liters of unleaded fuel leaked out of a tank at a Rio Tinto refinery at Nhulunbuy on the Gove Peninsula. The fuel spill has been contained as per the officials of the Northern Territory Department of Resources.
According to data provided by a model produced by KPMG on the mining industry the proposed RSPT from the federal government will make the mining companies in Australia pay 42% higher tax rates than the global average.
By Joel Scanlon
14 Jun 2010
There is a new critic from the mining industry over Australian Prime Minister Kevin Rudd's proposed 40% RSPT.
The Australian Prime Minister Mr. Kevin Rudd is used to defending his government’s proposed policies as was evident in the health reform case. It seems it will be no different in case of the mining industry with th...
By Joel Scanlon
10 Jun 2010
Making another attempt to hit out at the Resources Super Profits Tax in Australia, mining giant BHP Billiton sent out a letter to shareholders pointing out a supposed flaw in the law.