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The new mineral processing technique also makes the extraction environmentally friendly.
The country's renewable energy industry will benefit, as it is set to step in as a substitute for coal in the coming years.
The move comes only three months after U.S. President Barack Obama signed a space exploitation law.
The firm has signed a deal with a power equipment manufacturer that will create up to 120 jobs in Quebec.
FTSE 100 reweighting to take place in March.
The company is said to be wanting to offload its Barro Alto nickel mine and the vast Minas-Rio iron ore complex.
The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.
Quarterly net loss attributable to common stock was $4.08 billion, or $3.47 per share, compared with a loss of $2.85 billion, or $2.75 per share, last year.
He said he would open up after a creditors meeting next week in Townsville, where his his Queensland Nickel company is based.
Maroef Sjamsuddin's decision comes less than a month after the chairman of the U.S. mining giant stepped down.
The indefinite suspension of the Picadilly mine, in Canada's New Brunswick, is expected to cut the company's capital costs by $50 million in 2016 and $135 million over the next two years.
The announcement comes as the company is laying off about 50 workers in Lynchburg, Virginia, a bit more than half the jobs it has cut in the US as of late.
The freeze on new leases for coal mined from federal lands is part of a sweeping review of the federal coal plan.
The decision grants Rosia Montana protection from industrial activities, including mining.
The company's executives seem oblivious to the downward trend in the coal markets.
Documentary to air Jan. 26 on PBS tells the story of how coal miners came together in a protracted struggle for their rights.
In his final State of the Union address, Obama said companies leasing coal and oil rights on federal land should pay more for the effects those fuels have on climate change.
The miner has finally completed the sale of assets from its Tarmac joint venture to a subsidiary of French engineering and construction group Bouygues.
Submissions for the Queensland Mining Contractor Awards open today, with entries welcomed across innovation, cost and time saving, product development, engagement and equal opportunity categories.
Miner seeks to cut $4.5 billion in debt.
The company's co-founder James Moffett will step down as chairman and quit the board.
The expansion work will require dredging 1.1 million cubic meters of seabed near the Great Barrier Reef Marine Park.
England-based supplier Miller UK won a case filed five years ago, in which accused CAT of misusing classified information to produce its own coupler, rather than buying it from them.
The firm has filed an amended application, which makes nearly 700 changes to the route in response to concerns about environmentally sensitive areas.