A buildup of volatile gas hampered rescue efforts in one Chinese coal mine and water continued to pour into another as emergency crews raced to reach 42 people trapped yesterday for a second day, officials and state media reports said. The accidents — a cave-in at one mine and a flood at the other — occurred on Saturday in two southern provinces after days of heavy rains.
ATM machines have always been a reliable cash point, but now people in Britain can use a "hole in the wall" to get their hands on solid gold.
Rescuers were racing against time on Saturday to reach 40 miners buried underground in two separate coal mine disasters which have already killed three people in south China. Work crew operated at least 17 pumps at Niupeng Mine in rural Guizhou Province to release water from the flooded mine before rescuers could be sent down the pit.
Nearly 2,000 people submitted comments about the proposed Raven underground coal mine in Baynes Sound during the 30-day public comment period that ended Monday — an unprecedented number in a provincial environmental assessment process, says the Wilderness Committee.
Protests against the Canadian-owned Bear Creek Mining Corporation’s (CVE:BCM) Santa Ana Silver project resulted in five people being killed by police gunfire last Friday at the Juliaca International Airport, located 160km away from the site, and contributed to a severe drop in the company’s share price. This one dramatic event is a culmination of months – or possibly years – of political unrest in the country, and represents a very uncertain future for foreign investment in the natural resource sector.
BHP said in a statement overnight that the Saskatchewan Ministry of Environment had notified it of the approval, following an environmental impact statement submitted in December, 2010. BHP said Jansen would employ an average of 1,900 people during construction and create approximately 1,000 operational jobs once the mine has reached full capacity.
Donald Leroux joined Algosys inc. in November 2010, taking responsibility for Algosys’ global business development. Having commenced his career as plant metallurgist at the Brunswick concentrator and scientist at the Noranda Technology Centre, Leroux has subsequently held senior leading positions with the Noranda and Falconbridge mining groups before joining COREM as Director, Technology Development and Transfer and then Genivar as Director, Process Engineering. Read more
I see this market unfolding according to script, "script" being what it does more years than not. There are no absolutes in the market, no guarantees. But many years unfold exactly as this one has, with a good rally continuing from the end of the previous year into the spring, hesitation, a pullback in the June Swoon, and a rally going into July 4th. It's what happens next that is most important.
Asia again lifted the gold price to over $1,513 and also took the euro to €1: $1.45 before London opened. The euro pulled back slightly to €1: $1.4375 during London’s morning. At the morning fix in London it fixed at $1,508.00 and in the euro, lower at €1,041.08.
A $270,000 contribution from Newcrest Mining Limited is funding a new Heating, Ventilation and Air Conditioning (HVAC) lab at the University of Queensland, the UQ News site reports. The new lab will enhance UQ's ability to develop skills in fluid mechanics, thermodynamics and heat transfer.
UQ's Acting Vice-Chancellor, Professor Michael Keniger said the Newcrest HVAC Laboratory will ensure UQ's engineering graduates have advanced skills in areas critical to the future of the resources sector. “The project would not have been possible without the generosity of Newcrest, but perhaps most important of all is our joint investment in the people who will drive the Australian mining industry forwards in the next decade and beyond,” Professor Keniger said.