The Australian Senate has voted to reject the Emissions Trading Scheme (ETS). Although I am all for reducing energy consumption, there are better ways to address this issue – ways that will not reduce Australia’s competitiveness.
Our complete suite of Australian mining websites, including the extremely popular miningreference.com, are for sale.
News out of Japan is that Australia’s largest coal producers are to agree to a 40% cut in thermal coal prices. The final price is expected to be in the range of US$70 – US$72 per tonne, sharply down from the US$125 per tonne that Japanese companies have been paying for their thermal coal.
This cut [...]
We have all seen the news about the slowing Australian economy. The latest ANZ jobs survey showed a 5.9% decrease in job advertisements in October. This followed a 1.4 decrease in September. Overall, job advertisements are down 9.8% from October last year.
(See full story on MarketWatch)
The government has release the Mid-Year Economic and Fiscal Outlook [...]
Xstrata Coal today announced that it has secured Xstrata PLC Board approval to proceed with the AUD1.1 billion development of the Mangoola Coal open cut coal mine near Muswellbrook. Xstrata Coal acquired the Mangoola project from Centennial Coal (then known as Anvil Hill) in October 2007.
The construction of the mine will create around 400 new jobs, with an expected 300 employees required for [...]
A new type of transport system is now available that could bring incredible benefits to the mining industry. The system can potentially eliminate the need for constructing new railways to transport coal / ore from the mine to the port (or other destination).
The great thing about it is that the same system can also be used to transport [...]
Mining Equipment heavy-weight, Joy Global, has announced that it has agreed to buy Continental Global, the world-wide manufacturer of conveyor systems. The deal which is worth US$270 million is expected to be finalised within the first quarter 2008.
Mike Sutherlin, Joy Global’s President and Chief Executive Officer said that the purchase of Continental would expand the range of [...]
Xstrata Coal has continued its buying spree with the purchase of Anvil Hill and Austral Coal from Centennial Coal. Helios Australia (a subsidiary of Xstrata Coal) has paid $1.86 per Austral share. This means that Centennial will receive A$479 million from XStrata Coal.
Previously, Centennial Coal completed the sale of its Anvil Hill development to XStrata [...]
The NSW government has announced the approval of the controversial Moorlarben mine near Mudgee NSW.
The Greens were challenging the mine, stating that the mine will increase greenhouse gas emissions by 5.3 per cent a year and use 6.9 megalitres of water each day.
However, NSW Planning Minister Frank Sartor said “It’s just not tenable to refuse a [...]
(Update No 2: 3 September 2007)
Have you been following the unfolding story of the rescue attempts at the Crandall Canyon mine? I want to share some links to video clips, pictures and other illustrations to help you understand the situation at Crandall Canyon. I will continue to update this as the story unfolds.
Current News:
Officials at [...]