The Amrun mine is expected to open in 2019 and initially produce 22.8 million metric tons of bauxite a yera.
While the law lets citizens mine, sell and own riches mined in space, it does not grant sovereignty, ownership, exclusive rights or jurisdiction over any celestial body.
But when will the bear end?
New study says in a post-China boom world geological shortage becomes a stronger driver of prices than demand – and even coal will need new mines.
HSBC downgraded the company to 'reduce' from 'hold' and highlighted that Anglo's precarious cash flow situation may force it to cancel its dividend.
Although the strategy will completely phase out coal emissions in Alberta by 2030, the timeframe provides power operators the opportunity to transition away from coal toward renewable fuel sources.
Small-scale miners are being forced out at gunpoint or extorted to work for the armed groups that are taking over their operations. These gangs later sell the gold in the U.S., a report reveals.
A traditional owner of the site of Australia’s largest proposed coal mine has alleged in court that Indian miner Adani misled a tribunal that cleared the way for the mine.
A low to intermediate level nuclear waste repository should be established near the South Australian Outback town of Leigh Creek, which is destined to become a virtual ghost town within years after the closure last week on Alinta Energy’s nearby coal mine.
By 2030, Sweden plans to become a fossil-free country and will be one of the world’s first fossil-free welfare nations
Unless demand picks up or more miners cut output, prices for raw materials are set to stay low for years, or worse, continue to drop, the investment bank predicts.
The EIA says China and India are to blame, as imports from both nations — which from 2008 to 2013 accounted for 98% of the increase in world coal trade —are on their way down.
The deaths of the alleged "terrorists" took place over a 56-day operation by security forces, the Chinese government said.
Competition from cheap natural gas and heavier environmental regulation of mines and power plants have created the poorest U.S. coal market conditions in at least 58 years, he said.
A miserable $400 million down from a high of $4.6 billion in 2012.
The Baltic Dry Index which tracks bulk shipping rates on more than 50 routes around the world drops to lowest since 1985.
The biggest drops were in the construction sector in Latin America (-41%) and in the resources industry in Asia (-37%).
The investigation aims to determine whether senior officials tried extorting Freeport’s Indonesian unit in return for letting the company continue to operate in the country.
Jurors have begun deliberating the fate of Blankenship, leader of the company that owned the Upper Big Branch mine at the time of a 2010 deadly explosion.
“It’s very important to think about designing a carbon price system that takes seriously the competitiveness challenges,” said Chris Ragan, chair of the commission.
With the announced cuts the diversified miner brings the total redundancies over the past 18 months to about 2,000.
The move will help the cash-strapped coal and iron ore miner to continue operating for the short term.
The company said that extending Kestrel, its only underground coal operation, would add 20 years to the mine’s life.
Mine waste has oozed 440 kilometres downstream and now covers two states.
Sales of excavators expected in China for entire 2015 is fewer than the total in March 2011 alone.
Former Massey Energy CEO, Don Blankenship, could face up to 30 years in prison in relation with a deadly 2010 mine accident in West Virginia.
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