Mining giant BHP Billiton has defended as "effective" its strict office etiquette policy, which bans workers from eating pungent food, throwing jackets on their chairs or leaving Post-it notes on their monitors or keyboards after hours.
The company outlined its "Office Environment Standard" in a memo emailed to employees in Brisbane this month.
US coal exports increased 35% to 53.6 million short tons through June 2011, according to a recent edition of NMA’s (National Mining Association) International Coal Review. Strong demand from Asia and Europe for steam and metallurgical coal is expected to push coal exports above 100 million tons by the year’s end, the highest level in nearly 20 years. NMA’s economic forecast prepared in May predicted 2011 coal exports would reach 101.5 million tons (up 24%).
Sensidyne, LP, a leading manufacturer and supplier of industrial health and safety equipment, releases the CDEM-1000 for sale.
The Sensidyne CDEM-1000 Coal Dust Explosibility Meter is a portable, handheld, easy-to-use instrument, designed to provide a direct indication of the potential explosibility of a coal and rock dust mixture in accordance with Title 30, Code of Federal Regulations, Part 75.403.
Lawyers for Swiss mining giant Xstrata are in court today defending a massive coal project slated for Queensland.
The AU$6 billion Wandoan coal mine has come under fire by environmentalists for its potential negative effects on the Great Barrier Reef.
Bloomberg reports that Friends of the Earth, an international environmental lobby group, is attempting to block the mine’s approval at a trial in Brisbane that’s scheduled to take two weeks, arguing the coal exported from the project and burned overseas will add to global warming.
Gold prices retreated from early record highs near $1,900 an ounce on Monday, as a rebound in stock markets from last week's lows gathered pace, denting interest in so-called safe haven assets like German bunds and bullion.
Australia’s BHP Billiton has finalised its acquisition of US shale gas producer Petrohawk, BHP announced on Sunday. BHP has secured the 97.4% of the outstanding shares in the Texan company which it did not already own, in a deal worth $12.1 billion.
The battle for Macarthur Coal is poised to intensify after news that Anglo American is considering a challenge to Peabody and ArcelorMittal's $4.7 billion hostile bid. Anglos, the world's fifth most valuable miner, is studying Macarthur's finances, media reported at the weekend.
Anglos has been restructuring aggressively under chief executive Cynthia Carroll (pictured) and with second quarter 2011 profits of $4 billion has the necessary cash. But a rumoured joint bid with China's Citic could turn out to be the decisive factor to beat Peabody and ArcelorMittal's offer as Citic has already built up a 24% stake in Macarthur.
Miners are scrambling for coal assets and coal for power-generation has averaged about $130/tonne this year from less than $100 in 2010. Coal now accounts for 30% of global energy use, the highest since 1970.
The young miners descend on rickety ladders made of branches into the makeshift coal mines dotting Jaintia Hills in northeast India, scrambling sideways into “rat hole” shafts so small that even kneeling becomes impossible. Lying horizontally, they hack away with picks and their bare hands: Human labor here is far cheaper than machines.
Many wear flip-flops and shorts, their faces and lungs blackened by coal. None has a helmet. Two hours of grinding work fills a cart half the size of a coffin that they drag back, crouching, to the mine mouth, where a clerk credits their work. Most earn a dollar or two an hour.