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Peabody Energy Considers Mining Tax Impact of Macarthur Coal Bid
Macarthur Coal Ltd. signaled its readiness Tuesday to defend itself against any attempts by its suitor Peabody Energy Corp. to bargain down its US$3.8 billion takeover offer in the wake of new mining taxes proposed by Australia.
U.S. miner Peabody, the world’s dominant producer of coal for use in blast furnaces, has told Macarthur that it [...]
Steelmakers Ask Regulators to Investigate Iron Ore and Coking Coal Prices Increase
The increase in coking coal prices and iron ore has affected the production cost of steel making. Steel manufacturers struggling to get policies from several mining companies for iron ore and coking coal in order to review the increase in raw materials to produce steel. Steel makers are asking regulators concerned about the rising price [...]
Mayfly To Be Protected Habitat at Expense of Coal Mining Exploration in US Mountaintops Coal Mine
Mayflies may seal the fate of mountaintop mining in the Appalachian hills of the eastern U.S.
Companies such as Massey Energy Co. that mine coal there by stripping mountain peaks and dumping debris in streams are being asked by the Environmental Protection Agency for the first time to safeguard the mayfly, one of the oldest winged [...]
EPA to Delay Mountaintop Coal Mining Exploration Permit in Appalachia
President Barack Obama’s administration put the brakes on 79 applications for surface coal mining permits in four states Wednesday, saying they would violate the Clean Water Act.
The action is the administration’s latest attempt to curb environmental damage from a highly efficient but damaging mining practice known as mountaintop removal. Each permit likely would cause significant [...]
Anglo American Reject Merger Proposal Bidding Mining Group Xtrata
Anglo American reject a proposal offered by Xtrata Mining Group. Reasons for rejection merger proposal bid Xtrata Mining Group, Anglo fears of premium assets and their impact on the difficulty to increase market exposure to zinc.
Mudgee District Environment Concern Abaout Plans Mining Exploration Project Impact
Concerns have been raised about plans to expand a multi-million dollar mine being developed near Mudgee.
South African Coal Mining Holdings To Halt Coal Mine Production
Mr Xavier Prevost analyst of Wood Mackenzie said that the decision by South African Coal Mining Holdings to halt production could be the start of a pattern of junior mining companies cutting coal output because of a lack of finance.
Canadian Mining Company, Teck Cominco Plans Asset Sale
Canadian miner Teck Cominco is planning a series of measures including more than $2 billion in asset sales, a debt restructuring and a potential equity issue, the Globe and Mail said, citing sources familiar with the plan.
South Africa Coal Mining Holding To Halt Coal Mine Production, Loss Of Mining Contract
The decision by South African Coal Mining Holdings to halt production could be the start of a pattern of junior mining companies cutting coal output because of a lack of finance, Xavier Prevost, a Wood Mackenzie analyst, said last week.
