TransCanada Corp’s key projects face increasing hurdles locally and across the border.
Closing the mine will cost $650 million to $700 million over the next five years.
The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.
The move will cut the miner's output by 5 million tonnes — 2.5% of Australia's forecast 2014 thermal coal exports — and force about 8,000 workers to take a leave.
Mann, who specializes in brokering mining deals, says he has run out of money.
In an attempt to keep Yancoal afloat as coal prices trade near multi-year lows.
Mine operator and Rio's subsidiary Turquoise Hill said Monday they have made an offer to the government of Mongolia to resolve matters in a manner deemed "beneficial to all stakeholders.”
The sector created 40,960 direct and 27,471 indirect jobs in 2011, paying $4.6 billion in salaries.
What happens next is critical say mining companies currently operating in the country.
African Barrick’s North Mara mine, Tanzania’s largest gold producer, has been a flashpoint of clashes between locals and security forces for many years.
The firm is laying-off 150 workers by the end of February 2015.
PotashCorp. still plans to close the old mine.
About 500 workers will lose their job.
According to The Times, Rio flagged the possibility of a writedown in August.
Over 500 rescue personnel, two planes, three helicopters, 25 ambulances and 97 other vehicles continue to carry out the search and rescue work.
Twenty workers have either been rescued or escaped on their own from the flooded coalmine, but hopes are fading for the remaining 18 trapped underground.
Water levels inside the mine keep rising and rescue crews had made no contact with the trapped workers.
Instead of paying for mine equipment and services, the former project director sent the money to private bank accounts in Barbados and London.
Initial media reports said the collapse occurred after water that had built up inside the mine coursed into areas where the workers had been located.
The U.S. largest miner by market value and revenue is also dealing with a strike threat at its Indonesia's Grasberg copper and gold mine, which recently resumed operations.
The company is approaching the end of a decade-long, US$8.3-billion investment program to boost its potash production capacity.
The equipment maker beat analysts' expectations and the stock is skyrocketing in premarket trading.
The equipment maker is scheduled to report third-quarter earnings Thursday.
The controversial duties, imposed earlier this month, will be eliminated once ongoing negotiations on a free trade agreement (FTA) between the two nations is finalized.
Planners ruled Anglo’s 100 million-tonne project was a threat to the Hunter Valley's thoroughbred and tourism industries.
He has also insured 280 employees who have been with the company for more than a decade to the tune of $160,000 each.
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