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Expansion of Cerrejon Coal: BHP to spend US$437 million

BHP Billiton today announced approval of a US$437 million (BHP Billiton share) investment to expand the Cerrejon Coal mine in La Guajira, Colombia. BHP Billiton’s investment represents one third of the US$1,311 million expansion to be undertaken by Cerrejon Coal, with joint venture partners Anglo American and Xstrata contributing equal investment in the project. The expansion, known as the P40 Project, will enable Cerrejon Coal’s saleable thermal coal production to increase by 8 million tonnes per annum (mtpa) to approximately 40mtpa.

Protesters disrupt NSW mining conference

Tensions over mining and coal seam gas (CSG) exploration have boiled over at a mining conference in Sydney, with activists warning rural NSW could soon resemble an industrial wasteland. As industry heavyweights gathered to discuss the future of mining at

Billionaire Chile president’s pet coal project could be his final undoing

Chile is proceeding with a massive coal mine on an island in Patagonia near the southern tip of South America despite a high-profile viral video protest campaign and accusations that billionaire President Sebastian Pinera's shareholding in the developer Copec constitutes a serious conflict of interest. A similar campaign last year forced Pinera to reconsider a thermoelectric plant close to another wildlife attraction and a recent poll put his approval rating at only 26%, below even that of dictator General Pinochet, who ruled the country for 17 years from 1973.

Oil sands – big up or ship out

Fast-disappearing Oilsands Quest is a prime example of the risks of trying to go it alone in the oil sands. Slack crude prices and a sluggish US economy may now force other small players into mergers and reverse a slowdown in oil sands deals that have plunged 63% this year to $8.5 billion worth of transactions.

BHP plans rail line in threat to its biggest supplier

Global miner BHP Billiton is looking to build a new rail line between some of its inland Australian coal mines and the coast in a move that could threaten dominant coal haulage firm QR National, a newspaper said on Thursday.

ENRC seeks to reassure on governance as profit climbs

Kazakh miner ENRC said a keenly awaited governance review was on track to deliver a fully independent board that would take all stakeholder interests into account, when posting first-half profit at the top end of expectations. Kazakh miner ENRC, whose image has been tarnished by the purchase of an asset the Congolese government expropriated from Canadian miner First Quantum last year and a very public boardroom spat, announced a three-month corporate governance review in June.