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W Australia on Irish recruitment drive

Chronic labour shortages in resource-rich Western Australia could put mining projects at risk, as the state struggles to plug a shortfall of skilled workers set to balloon to 150,000 by 2017.

Job seekers looking for lucrative mining jobs need to get appropriate training

Recruiters in Western Australia are seeing a steady flow of people heading into the state in search of lucrative jobs in the mining industry, but they need to be realistic about the salaries they can receive and the training they need, Perth Now reports.
Recruitment agencies told The Sunday Times that highly skilled positions, such as heavy diesel fitters, drillers and boilermakers, were in shortest supply and workers with experience in most areas of the resources industry were highly sought after. Hays regional director Simon Winfield said people often thought they could get jobs on mines without any qualifications and were "misguided" about salaries.

Cat completes Bucyrus acquisition

Driven by a key strategic imperative to expand its leadership and support for customers in the mining industry, Caterpillar Inc. (NYSE: CAT) today announced it has completed its acquisition of Bucyrus International, Inc. Caterpillar funded the acquisition, valued at approximately $8.8 billion (including net debt), using cash from its balance sheet and debt. The company did not issue equity to help fund the transaction.

Peabody, ArcelorMittal bid $5 bln for Macarthur Coal

Peabody Energy has teamed up with ArcelorMittal to offer $5 billion for Australia's Macarthur Coal , the world's biggest producer of pulverised coal, as demand for steel-making raw materials intensifies. The cash offer of A$15.50 a share represents a 40-percent premium to Monday's close and comes just a day after Australia unveiled a plan to tax carbon emissions from the nation's worst polluters, or about 500 companies, including coal miners.

Aussie miners cry foul over carbon tax

Australia's powerful coal mining industry warned it was being unfairly singled out under the country's new carbon emissions trading scheme, predicting it will lead to job losses and fewer collieries at a time when buyers are paying top dollar for coal.

Copper falls on Italy debt worries; supply in focus

Copper fell on Monday as concerns over Italy's sovereign debt curtailed appetite for risky assets, but a series of strikes in producer countries highlighted supply constraints and lent support to prices. Three-month copper on the London Metal Exchange traded at $9, 581 a tonne in official rings , down from the $9,661 close on Friday.

Greens say carbon plan a win for SA

The Greens say South Australia will benefit from the $10 billion allocated to renewable energy projects as part of the federal government's carbon pricing scheme. But the party has conceded that as the state transitions to a clean energy future, towns that are largely supported by coal mining have a limited future. Image is from Billy Hathorn.