mining

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CBH snubs share offer again

Mining company CBH Resources has again rejected a share proposal from multi-metals company Nyrstar.
CBH declined a proposal in January, citing that an alternate proposal from its largest shareholder, Toho Zinc, was superior.
It has now announced that a revised share offer from Nyrstar has again been turned down, and CBH will instead stick with a new [...]

Oakajee documents ‘will make deadline’

The proponents of the Oakajee port and rail project in WA’s Mid West say they are on track to deliver crucial project documents to the State Government.
Oakajee Port and Rail (OPR) must submit a draft bank feasibility study and construction agreements to the Government by March 31.
OPR’s chief executive, John Langoulant, says it has been [...]

Green light for $58m gold mine expansion

Multi-million dollar plans to expand a gold mine near West Wyalong have been conditionally approved.
Barrick Gold originally wanted to almost double the size and life of its Lake Cowal gold mine but modified the plan after court action last year from mine opponents.
Planning Minister Tony Kelly has approved the $58 million expansion, which he says [...]

Khan demands coal mining answers

The New South Wales Government is being urged to announce whether BHP Billiton plans to mine under the Liverpool floodplains.
When asked in Parliament, Mineral Resources Minister Ian Macdonald was unable to provide a copy of BHP’s works program, which details its mining intentions in the area.
The Nationals’ Tamworth MLC, Trevor Khan, says coal exploration is [...]

Mine trains prompt safety fears

Gunnedah Shire Council has raised safety concerns about the number of trains passing through the town from local mines.
The council is partnering with the Roads and Traffic Authority and mining companies to do a study on the impact of increasing rail movement on Gunnedah’s infrastructure.
A brief for the study will be finalised within a month [...]

Dusty mines told to improve

Some long-wall mines in the Hunter Valley have been told to lift their game after new data showed 40 per cent had excessive airborne dust levels.
Industry and Investment New South Wales took more than 300 dust samples from long-wall mines across the state.
The state’s chief mines inspector, Rob Regan, says 60 per cent of Hunter [...]

Horse studs rally against mine plans

The Hunter Valley’s thoroughbred industry has told a public hearing that the future of its industry hinges on the rejection of the proposed Bickham open-cut mine near Murrurundi.
Yesterday, the Planning and Assessment Commission was told 255 jobs at six of the largest studs near Scone could be lost and major players are considering their options [...]

No plan to up coal royalties: Fraser

Queensland Treasurer Andrew Fraser says he has no plans to increase coal royalties in this year’s state budget.
The chief executive of the Queensland Resources Council (QRC), Michael Roche, is urging the Government to honour its election promise not to increases taxes without consultation .
Mr Roche says the industry was stunned by a decision prior to [...]

Study probes coal mining impact

A study is about to begin looking at the social and economic impacts of large-scale mining and gas development in the Galilee Basin in Queensland’s central west.
Several companies are looking to develop multi-billion dollar coal mines near Alpha.
Barcaldine Mayor Rob Chandler says the study is a partnership between local councils and the State Government.
He says [...]

Mine water woes may force out farmer

A north Queensland cattle producer says he may have to sell his property after it was contaminated with mine water more than a year ago.
Charlie Hughes’ cattle property Charelle Station borders the Mount Leyshon mine outside of Charter Towers.
He says contaminated water has been flowing onto his property and it has been worse since the [...]

Miners push QR purchase with Bligh

A group representing 14 coal companies that wants to buy the coal arm of Queensland Rail (QR) says it will meet with Premier Anna Bligh to discuss the offer.
Queensland Coal Industry Rail Group (QCIRG) chairman Nick Greiner says they want to buy the asset direct from the government rather.
The Government plans to float part of [...]

Airline strikes flight deal with miner

Skywest Airlines has signed an agreement with Citic Pacific Mining for an airline service between Perth and Karratha for mine workers.
The airline says the year-long agreement could generate an extra $10 million per year in revenue.
The service will provide extra flights for workers on the Sino Iron Ore project.
Skywest says it will allow 10 per [...]

Coal dust not considered health threat

The Queensland Government says exposure to coal dust is not causing significant risk to people’s health in Gladstone in the state’s central region.
Transport Minister Rachel Nolan says a report prepared for the Gladstone Ports Corporation in August 2008 showed the risk of over-exposure to coal dust at the RG Tanna Coal Terminal is insignificant, but [...]

Cape Lambert off-loads Lady Annie mine

An exploration company has sold its copper mine in north-west Queensland less than a year after it purchased the operation.
Cape Lambert Resources, based in Western Australia, has sold the Lady Annie Mine near Mount Isa for $135 million.
Executive chairman Tony Sage says the company’s objective has always been to develop mines rather than operate them [...]

Market finishes marginally higher

The Australian share market finished flat on Friday, after initially making gains on a positive lead from Wall Street overnight.
The All Ordinaries Index closed 6 points higher to 4,832 and the ASX 200 ended up a mere 4 points, at 4,818.
It was the big banks that led the gains this morning, before finishing mixed.
The National [...]

Port plan promises jobs boost

The North West Iron Ore Alliance says Pilbara communities are set to benefit from a proposed port project in Port Hedland after the results of a pre-feasibility study.
The alliance says the study shows the proposed port could see 50 million tonnes of iron ore exported a year from South West Creek and be operational by [...]

Atlas, Aurox merger to heat up iron ore market

Analysts say the merger between mining juniors Atlas Iron and Aurox Resources will heat up competition in the Pilbara iron ore sector in north-west Western Australia.
This week’s announced merger is expected to see port capacity at Port Hedland’s proposed Utah Point increase to up to 33 million tonnes a year.
The merger will also include 187 [...]

Beaconsfield gold production shrinks

The owners of the Beaconsfield Gold Mine in northern Tasmania say production at the mine for the March quarter is about 6,00 ounces down on projections.
Beaconsfield Gold blames several factors for the production downturn.
In a statement to the Stock Exchange, the company says these include problems with the processing of underground waste from its production [...]

Pre Inca citadel found in Zana River’s upper basin in Peru

Lima (Peru), September 11 (ANI): Peruvian archaeologist Walter Alva has confirmed that a pre-Inca citadel has been found in Zana river’s upper basin, between the departments of Lambayeque and Cajamarca in Peru.

According to a report in ‘Living in Peru’, it would be [...]

World’s last remaining “pristine” forest under threat

Adelaide, August 26 (ANI): A team of international researchers has found that the world’s last remaining “pristine” forest, namely the boreal forest across large stretches of Russia, Canada and other northern countries, is under increasing threat.

The researchers were from the University of Adelaide in Australia, Memorial University of Newfoundland in Canada and the National University [...]