Malaysia's Atomic Energy Licensing Board (AELB) has postponed granting a temporary rare earths mine operating license (TOL) to Australian miner Lynas Corp. (ASX:LYC) until an outstanding appeal by residents to the science, technology and innovation minister has been completed.
Ian Hannam, better known as the "king of mining" after advising on some of the biggest deals in the past two decades, including BHP's London listing through its merger with Billiton, is fighting to save his reputation.
Australian coal mines owned by BHP Billiton (ASX:BHP) and Mitsubishi Development Pty Ltd (TYO:8058) in the Bowen Basin area voted to resume their strike, momentarily stopped this morning, right after Easter.
Acid sprays, gassings, venomous snakes, and lightning strikes are just some of the risks faced by Queensland miners atop the threat of mine collapse and violent explosions.
With experts saying zinc could be in deficit by 2017 if not earlier, miners from Australia to Africa to the European Union are racing against time to attract investment in new projects.