NSL Consolidated (ASX: NSL) announced Monday it has been formally granted the first of its four thermal coal exploration tenements, EPC 2198, in the Eromanga Basin in southwest Queensland, Australia.
Xstrata Coal confirmed Monday it has cut a number of jobs from its coal mining operations in Australia, due to sinking prices for both coking and certain kinds of thermal coal.
Environmentalists and the local community of central Victoria, Australia, are angry at the Department of Primary Industries for allowing Queensland-based company Fortitude Mining to go ahead with its gold exploration plans in the Wombat State Forest.
Myanmar —until recently called Burma— is slowly but steadily starting to attract foreign investment, driven mainly by international resource firms eager to tap into the mineral-rich South East Asia's country.
Analysts from Foster Stockbroking told investors to purge their shares in rare earths miner Lynas Corporation as there is no end in sight for the ongoing problems that have forced the company to halt operations in Malaysia.
Wandoan, with a population of less than 380 people, could get about $106 million from mining giant Xstrata if the Swiss company decides to go ahead with its $6 billion coal project bordering the local community.
Giant miner Rio Tinto is closing down its Blair Athol coal mine in Australia as the company considers whether to limit spending on new projects next year.