Latest Mining in Australia Stories
MELBOURNE, Victoria, March 28, 2013 /CNW/ - Production ramp-up of major projects in line with expectations Newcrest advises that the production ramp-up of both Cadia East and Lihir Million Ounce Plant Upgrade ("MOPU") is progressing in line with expectations following the recent commissioning of both projects. The Cadia East panel cave mine commenced commercial production on 1 January 2013 and ongoing drawbell development remains ahead of schedule. To date, 58 drawbells have...
Australia is the largest producer of bauxite worldwide, accounting for about 30% of global output. The volume of industry exports has increased over the five years through 2012-13, but lower US dollar prices for bauxite, combined with a stronger Australian dollar, have kept export values fairly flat. For these reasons, industry research firm IBISWorld has updated its report on the Bauxite Mining industry in Australia. Melbourne, Australia (PRWEB) September 17, 2012 The Bauxite Mining...
BRISTOL, Va., July 31, 2012 /PRNewswire/ -- Alpha Natural Resources, Inc. (NYSE: ANR), a leading U.S. coal supplier, has appointed John W. Hanekamp as Senior Vice President--International Thermal Sales and Trading. Hanekamp has more than 30 years' experience in marketing, trading, transportation and logistics, and other areas working for Peabody Energy Corp. and Continental Grain Co. His chief focus will be to expand Alpha's thermal coal export activities. Hanekamp most recently...
CLEVELAND, July 10, 2012 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that its wholly owned subsidiary, Cliffs Australia Coal Pty Ltd, has entered into a definitive share and asset sale agreement to sell its 45% economic interest in the Sonoma joint venture coal mine located in Queensland, Australia to QCoal Sonoma Pty Ltd (QCoal). The assets to be sold include Cliffs' interests in the Sonoma mine along with its ownership of the affiliated...
The demand for coal is dominated by its use as a fuel for power generation; in particular, metallurgical coal is experiencing a surge in interest and companies are scrambling to meet demand for steel overseas. Emerging economies will increasingly demand metallurgical coal over the next five years to meet their insatiable demand for steel. Electricity consumption will also expand as consumers and businesses increase their energy use and, in turn, demand more energy. For these reasons,...
NEW YORK, June 27, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) Chairman and Chief Executive Officer Gregory H. Boyce today said that the company is well positioned to navigate market challenges, capture opportunities and create value for shareholders in both the near term and long term. The discussion came at Peabody's 2012 Analyst and Investor Forum in New York, where executives reviewed the company's strategic positioning, global initiatives and key focus areas against the...
TORONTO, May 31, 2012 /PRNewswire/ - Pacific Coal Resources Ltd. (TSXV: PAK) has filed on May 30, 2012 its unaudited consolidated financial statements for the three months ended March 31, 2012, together with its Management's Discussion and Analysis ("MD&A") for the corresponding period. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. These documents will be posted on the Company's website at www.pacificcoal.ca and are available under...
ST. LOUIS, May 23, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that workers at its Wambo and Wilpinjong Mines in New South Wales have recently approved new labor agreements. Together, the new agreements cover more than two-thirds of the company's high-value thermal coal exports from Australia. "These new agreements were approved by an average of 80 percent, indicating a clear show of support from workers at our operations in Australia," said Peabody President -...
NEW YORK, May 15, 2012 /PRNewswire/ -- TurkPower Corporation (OTC.BB:TRKP) (the "Company"), which previously announced that it is changing its name to SibMet Coal Corporation, announced today that its wholly owned subsidiary, Sibcoal Mining Corporation, has acquired 100% share of a 49-year lease to develop, operate and mine the Zavyalov Square Part 1 ("Zavyalov") of the Toguchina Coal Field. Zavyalov is an open pit mine with over 100M metric tons of forecasted extractable...
TORONTO, May 3, 2012 /PRNewswire/ - Corsa Coal Corp. (TSXV: CSO) ("Corsa" or the "Company") announces that it has filed its Condensed Interim Consolidated Financial Statements and Management's Discussion and Analysis for the three months ended February 29, 2012 on SEDAR and has posted these documents to its website www.corsacoal.com. Highlights for the first quarter included: -- Metallurgical coal sales of 65,000 tons at an average realized price of $158...
