The vast majority of Australia's coal mines will not face materially higher costs under a polluter-pays scheme designed to reduce carbon emissions, according to Treasury Department documents released by the government on Friday.
SouthGobi Resources Ltd. (TSX:SGQ)(HK:1878) announced today that new, independent estimates prepared by Minarco-MineConsult ("MMC"), have updated coal resources and proven and probable mineral reserves contained at the company's Ovoot Tolgoi Complex, (comprised of the Ovoot Tolgoi Coal Mine and the Ovoot Tolgoi Underground Deposit). Independent estimates for coal resources have also been updated by MMC for the company's Soumber Deposit (comprised of the Soumber Field and the Biluut Field).
Grande Cache Coal Corporation (TSX:GCE) ("Grande Cache Coal") has reached an agreement with Westshore Terminals Limited Partnership to exclusively handle Grande Cache Coal's annual coal tonnages that it ships through a West Coast port from April 1, 2012 to March 31, 2022. The commercial terms of the agreement are confidential.
Global miner Rio Tinto lowered the acceptance condition on its A$3.9 billion ($4 billion) offer for Riversdale Mining on Tuesday after entering into talks with Brazil's CSN , a major Riversdale shareholder.
Vladimir Strzhalkovsky, the General Director and Chairman of the Management Board of MMC Norilsk Nickel (the Company) met with the President of the Republic of South Africa Jakob Zuma in RSA.
The meeting was held as part of the General Director's business visit to the Republic of South Africa. The parties discussed further development of the Company's projects in RSA.
Diversified mining behemoth BHP Billiton is expected to pour billions of dollars into Australia in an effort to expand its iron ore and coal facilities, says a report from AFP:
Mining giant BHP Billiton said Friday it would pour billions of dollars into expanding its coal and iron ore operations in Australia, key commodities that are driving the boom in Asian economies.
The Obama Administration is making more land available for coal mining in Wyoming, says a report from CNN:
Coal mining on public lands will expand in the coming months in Wyoming, as the federal government makes more coal-rich land available for lease by mining companies.
Over half of the employees at Teck's Elkview mine in British Columbia have voted to reject a five-year collective agreement. Accepting the agreement would have ended the strike, which is now going into its eighth week. BIV Business Today reports:
Teck Resources Limited (TSX: TCK.A and TCK.B) announced today that 57% of the employees at its Elkview operation in southeastern B.C. voted to reject a five-year collective agreement.