Gina Rinehart's Hancock Prospecting which is hiring 1,700 foreign workers for the Roy Hill iron mine were absent from the Australian mining association job fair in Perth and so were the $9.8 billion project's main contractors.
A federal judge has lifted a temporary restraining order to allow continued mining operations at the Nellis surface mine in Boone County, W.Va., which is owned by Penn Virginia Resource Partners LP's Loadout LLC unit.
Australia’s government announced Friday it will allow a new mine to hire about 1,700 foreign workers to alleviate a labour shortage threatening the resources boom.
The declines wiped $1,744,800,000 from Batista's personal fortune in one day, which means he fared worse than Mark Zuckerberg who suffered more than $1.5 billion in losses as a result of the post Facebook IPO fiasco.
Trading in the stock was halted in a circuit breaker around lunchtime after falling 57.6% over doubts about its finances and is now worth less than tenth of what it was in July last year.
The state government has scrapped plans for a $8.8 billion coal terminal expansion project at Queensland's Abbot Point, Australia citing funding issues and environmental regulations, but China's slowing economy probably had more than a little to do with it.
Gina Rinehart, the world of mining's 4th richest person, is meeting a fellow billionaire Stan Perron in the Australian supreme court this week in a fight over – no surprises here – iron ore royalties.