MINING.COM

Chicago rejects coal-to-gas plant

Illinois Governor, Pat Quinn, exercised his veto power late on Friday to reject a bill that would have forced natural gas utilities to acquire synthetic gas at prices double the current market rate for the next 30 years.

Cecilia Jamasmie | August 13, 2012 | 2:26 pm

Sinking coal prices force major job cuts in Australia

Xstrata Coal confirmed Monday it has cut a number of jobs from its coal mining operations in Australia, due to sinking prices for both coking and certain kinds of thermal coal.

Cecilia Jamasmie | August 13, 2012 | 1:09 pm

Botswana’s Okavango diamond announces interim board

Okavango Diamond Company (ODC), the new diamond trading enterprise owned by the Botswana government, today (Monday) announced its interim board with Toby Frears as its first managing director.

IDEX Online | August 13, 2012 | 10:57 am

Coal India board may approve changes in model FSA

Coal India board is likely to approve on Monday the model fuel supply agreement (FSA) to be signed with power firms, with significant changes in the penalty clause for failing to supply to them a minimum 80 per cent quantity of the total fuel contract.

The Economic Times | August 12, 2012 | 5:05 pm

Xstrata points to thermal coal recovery

Coal chief executive Peter Freyberg has called the bottom of the thermal coal market, telling investors last week ''we are seeing recovery in the markets''.

Sydney Morning Herald | August 12, 2012 | 5:02 pm

China’s main gold miner posts gloomy results

Zijin Mining Group Co, China's largest gold producer by output, said Saturday that its net profits slumped 19.95 percent year-on-year in the first half of 2012 as the world's economic weakness and shrinking demand weighed on global gold prices.

Cecilia Jamasmie | August 12, 2012 | 4:35 pm

South Africa’s third wealthiest man owes the taxman $250 million

South Africa’s third wealthiest man and mining entrepreneur, billionaire Christoffel Wiese, it is said to owe the country’s revenue agency (Sars) an estimated $250 million (R$2 billion) in unpaid taxes.

Cecilia Jamasmie | August 12, 2012 | 4:18 pm

From asbestos to ‘Plan Nord’: Canada’s Quebec sparks controversy over mining plans

Weeks after Quebec’s ruling Liberal party re-launched the province's asbestos industry with a $58-million loan to the Jeffrey mine, opposition leaders are calling the federal government to end what they call a "morally and scientifically indefensible" product.

Cecilia Jamasmie | August 12, 2012 | 3:00 pm

Open-cut gold mine triggers worries for Australia’s Wombat forest

Environmentalists and the local community of central Victoria, Australia, are angry at the Department of Primary Industries for allowing Queensland-based company Fortitude Mining to go ahead with its gold exploration plans in the Wombat State Forest.

Cecilia Jamasmie | August 12, 2012 | 12:27 pm

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