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Peruvian Miners Cancel Plans for Two-Day Strike
May 15, 2012
Peru’s federation of mining unions said on Saturday it had called off plans for a national strike on May 14 and 15 after the government implemented a law granting more retirement benefits to workers in the world’s No. 2 copper producer.…
Haulmax Answers the Mining Industry’s Haulage Needs, Australia
May 15, 2012
In a report in Business Review Australia, Haulmax has answered the mining industry’s call for purpose built, extended distance haul trucks. “There is an acknowledged void within the industry between traditional mining dump trucks and the on-highway alternative. Attempts have been…
SAIL Eyes Iron, Coal Resources in Mongolia
May 15, 2012
Steel Authority of India Ltd. (SAIL) have set their sights on mineral rich Mongolia, chasing the huge mineral wealth that is helping the once pastoral, land-locked economy register one of the fastest economic growth rates in the world. Steel Authority of…
African Energy Resources Unearths New Coal Discovery in Zambia
May 15, 2012
African Energy is adding to its African coal inventory with a new discovery at the Sinazongwe prospect in Zambia close to existing coal mines. Multiple coal seams were intersected in all of the completed core holes and, importantly, these coal seams…
Thar Coal Gasification Project Hits a Snag, Pakistan
May 15, 2012
The Thar coal gasification pilot project has hit a huge snag as furnace oil lobbies and the bureaucracy are pressuring the government to shelve the project. Sources told The Express Tribune that certain bureaucratic lobbies are using all their forces to…
South Africa’s Transnet to Invest $37.45 Billion to Boost Capacity on Its Coal Lines and Expand Port
May 15, 2012
South African state logistics group Transnet expects to transport at least 73 million tonnes of coal through the Richards Bay Coal Terminal (RBCT) in the current financial year to end-March, a senior official said on Friday. Transnet moved 68 million tonnes…
Elementos Granted Four Exploration Permits in Highly Prospective Mt. Isa Region, Queensland
May 14, 2012
Elementos has secured 154 square kilometers of exploration permits at the Millenium Project in the mineral-rich Mt. Isa region, near to Xstrata’s Ernest Henry copper, gold, and magnetite mine. The tenements are located on a major mineralized trend, known as the…
Wavenet International Expands Indonesian Gold Portfolio With Acquisition in West Kalimantan
May 11, 2012
Wavenet International has made the strategic move to acquire a new gold project in West Kalimantan, Indonesia continuing its foray into gold that began earlier this year. The company has signed a share purchase agreement with PT Wavenet Westindo to acquire…
Palmer’s China First Scraps $40 Billion Contract
May 11, 2012
Billionaire mining magnate Clive Palmer’s resources company China First has cancelled a major contract involving a coal mine planned for the Galilee Basin in central Queensland. Mr. Palmer says the decision to cancel the $40 billion deal to supply Swiss energy…
EMED Mining Enters Agreement to Progress Biely Vrch Gold Deposit in Slovakia
May 11, 2012
EMED Mining has struck a deal with a tool firm in Slovakia, to help the firm develop its wholly owned Biely Vrch gold deposit. Slavia Tools owns a factory adjacent to the deposit and the collaboration agreement means the facilty can…
