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Australian mining tax could get poisoned by coal seam gas

Australia's new mining tax is being held up in the legislature by independents who want more controls on coal seam gas. Sydney Morning Herald reports that two independents MPs, Tony Windsor and Roy Oakeshott, are demanding curbs on coal seam gas exploration, and that hundreds of millions of environmental research dollars be spent, in return for their support for the bill: Mr Windsor, who holds the NSW seat of New England, told the Herald he had had enough of the methods of coal seam gas companies, which were expanding operations dramatically in NSW and Queensland. Mr Windsor's key demand is for $200 million to $400 million to be allocated each year from the tax revenue to fund bio-regional assessments, an idea he raised last week.

Coal mining deaths in China leading to more imports

A Chinese government policy that purports to make coal mines safer is triggering local supply disruptions. China's dismal, and tragic, accident record at coal mines led the Chinese government to consolidate thousands of small, often-dangerous coal mines to boost safety. As the largest user and producer of coal, the country became a net importer in 2009 for the first time, as the consolidations led to a drop in domestic coal output. (Read an indepth article on China's place in the global coal market in MINING.com Magazine)

$1.3B African copper takeover threatened

The takeover of Anvil Mining (TSE:AVM), an African copper producer, by Chinese company Minmetals Resources Ltd, could be in jeopardy. Anvil warned on Monday that the $1.3 billion deal may not be completed if the company fails to come to an agreement with partner Gecamines over contractual arrangements. According to the news release, La Générale des Carrières et des Mines Sarl (“Gécamines”) told Anvil that the takeover offer would trigger a review of the lease agreements with Anvil over the Kinsevere project in the DRC. State-owned Gécamines holds the leases to the mineral tenures.

South African Deputy Minister of Mineral Resources Urges Skills Building for the South African Mining Industry

BuaNews: Deputy Minister of Mineral Resources Godfrey Oliphant is urging the South African Mining Qualifications Authority (MQA) to continue building skills programs to benefit the mining sector, currently suffering from a skills shortage.
Oliphant, who was addressing the Annual Consultative Conference on Friday, commended the MQA for focusing on grassroots activities like Adult Basic Education and Training, career development initiatives, bursaries, workplace coaching programme and development of black managers in the mining sector. "I am encouraged by the research that is currently being done focusing on workplace skills plans and annual training reports. I encourage employers in the sector to work with labour actively to undertake and build on this crucial area of skills development," he said.

Norilsk Mickel and Bellona hold Seminar on Cross-Border Metal Processing Pollution

Bellona reports: the Kola Mining and Metallurgical Company (GMK), a division of the smelting giant Norilsk Nickel, and international environmental NGO Bellona discussed environmental problems today in a seminar regarding Norilsk Nickel's metal works on the Kola Peninsula.
The seminar’s name reflects its goal: “Interaction between governmental structures, business, academia and civil society – an instrument for improving environmental safety in the region.”

New Skills Program for Mining and Forestry in Northern BC

As a part of BC's job plan, a new training program to address a skills shortage in forestry and mining was announced today, reports Energetic City.
Over the next 18 months, $2.9 billion will be provided for the program. The pilot is intended to offer training in key areas such as language and literacy training, technology upgrades, numeracy and document use. Training will be provided through local service providers through USW (the United Steelworkers Unions).

Hackers target Canadian government’s potash documents

The Ottawa Citizen reports that computer hackers went after potash documents in the Finance Department and Treasury Board networks. An email, pretending to come from an aboriginal group, was opened by department officials. A link in the email installed malware on the worker's computers, which facilitated the attacks. Industry officials believe the attack was launched from China.

Japanese and Chinese firms spend $1.0 billion for Grande Cache Coal

Albertan metallurgical coal producer, Grande Cache Coal (TSX:GCE), was acquired by a Japanese and Chinese firms for about $1.0 billion. The purchase, announced on Monday, represented a 112% premium over the 20-day volume weighted average trading price of the company's common shares. Shares of Grande Cache Coal shot up 66% on the news. The new owners are Winsway Coking Coal Holdings Limited and Marubeni Corporation.

Production woes send Paladin’s stock lower

Australian uranium producer, Paladin Energy, announced that its U3O8 production was 15% lower due to planned shutdowns and unscheduled remediation work. The company's stock declined 4.15% to $1.50 after Paladin announced on Monday its quarterly report for the three-month period ended September 30, 2011 The company did have record sales of 2,001,673lb U3O8, which generated revenue of US$102.74M. The average sales price for U3O8 was US$51.33/lb.