Australia

October 26, 2011

Peabody takes control at Mac Coal

US coal giant Peabody Energy wasted no time asserting control at Macarthur Coal yesterday installing its former Australian managing director Julian Thornton as chief executive. The rapid transition accompanied an…

October 26, 2011

Fortescue secures $1.5bn for expansion

The company said Wednesday it has raised $1.5 billion worth of senior unsecured notes which will pay 8.25% per annum, to help fund its infrastructure expansion. (Reuters) - Fortescue Metals…

October 26, 2011

Queensland to protect farmland from mining

Legislation introduced in the Queensland state parliament could have a negative impact on mining. The bill, the first of its kind to be introduced in Australia, bans mines that would…

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