Mining must “court” US judiciary as NGOs file more lawsuits

A California company says it has discovered a new way to make liquid fuel from coal without consuming water or producing carbon dioxide.

Peabody Energy (NYSE: BTU) today announced that it has completed the acquisition of all outstanding shares in Macarthur Coal Limited and holds 100 percent of the company.

According to a source close to the deal, Chinese-controlled Yancoal Australia has approached Gloucester Coal with a plan to merge their neighbouring coal assets in Australia.

A proposed new coal mine in Queensland is so massive it is likely to do more harm to the local economy than good.

Bloomberg reported that Billionaire Mr Ziyavudin Magomedov Summa Group won the right to build a RUB 44.3 billion section of a railroad to coal fields in East Siberia near deposits to be developed by Evraz Plc and OAO Severstal.

The Office of Surface Mining Reclamation and Enforcement on Thursday, together with Secretary of the Interior Ken Salazar, announced $485 million is being given to states and tribes to eliminate health and safety hazards caused by past coal mining.

Job seekers in the Australian mining and construction industry were likely to benefit from a favourable hiring climate in the first quarter of 2012, said recruitment solutions provider Manpower.

Canada is sitting on nearly 4% of the world's coal resources, with at least 80 billion tonnes of exploitable coal and 8 billion tonnes classified as commercially feasible under today's conditions.

MILWAUKEE--(BUSINESS WIRE)-- Joy Global Inc. (NYSE: JOY), a worldwide leader in high-productivity mining solutions, today reported fourth quarter and full year fiscal 2011 results. Fourth quarter bookings increased 33 percent to $1.4 billion in fiscal 2011, compared to the fourth quarter of last year. Operating income increased 31 percent to $296 million on a revenue increase of 27 percent to $1.3 billion.