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China Plans Controlled Australian Mining Asset Make To Bid Australian Mining Industry
Canberra talks tough when companies controlled by the Communist Party of China bid for slices of Australia’s mining industry.
Invesment Proposal Of Establishment Of Clean Coal Research Institute
Kevin Rudd has summoned mining and industry chief executives, environmentalists and union leaders to Canberra this morning to unveil a $100 million clean coal research institute aimed at making Australia the world hub for the climate-change-fighting technology.
The launch is the start of a major diplomatic effort to win international support and funding for the plan, [...]
Time For Find Solution Trouble In Mining Industry
Lihir Gold has reported a 28 per cent slump in first quarter output, blaming the result on a planned maintenance shutdown in Papua New Guinea.
It caps a difficult two months for Australia’s major gold producers, which have lost nearly a third of their market value.
And the recent round of resource company production reports are pointing [...]
Xstrata Copper and Gold Mining Project in the Philippines US$2bn
Global mining group Xstrata, which has coal and alloys operations in South Africa, on Wednesday confirmed that its US$2bn Tampakan copper and gold mining project in the Philippines had been raided and two buildings had been torched.
Communist rebels representing the New People’s Army claimed responsibility for the raid, saying its singular objective was “punishing [...]
RP on cusp of mining boom amid buoyant metals prices
Boosted by soaring ore prices, cheap capital and a more investor-friendly regime, mining companies are rushing in and snapping up tenements in the Philippines seeking to profit from the developing world’s industrial boom, experts say.
From majors like BHP Billiton, Anglo-American and Xstrata to bare-bones exploration outfits, they are betting hundreds of millions of dollars that [...]
Australian Labor scraps ban on new uranium mines
Australia’s centre-left Labor Party scrapped its 25-year ban on new uranium mines on Saturday in a move miners said would encourage new investment and growth in the industry.
But after a divisive debate at the part’s national policy conference in Sydney, Labor maintained its staunch opposition to nuclear power or any nuclear enrichment industry in Australia, [...]
Coal Surge Seen by Mobius as China’s Imports Increase (Update2)
Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring [...]
Around Asia’s markets: Analysts bet on China coal
Investors looking to profit from a surge in Asian coal sales this year may be better off with Chinese producers like China Shenhua Energy and Yanzhou Coal Mining than with their Australian competitors.
While the two nations account for 80 percent of the listed coal companies in the region, Chinese companies have the benefit of the [...]
