Waratah Coal has been named Queensland Explorer of the Year at the Mining 2008 conference in Brisbane. Waratah CEO and President Peter Lynch and Company Chairman Nick Mather accepted the award last night in Brisbane, from the Deputy Director General of the Queensland Department of Mines and Energy, Stuart Booker. Figure 1: Mr Stuart Booker, Mr Peter Lynch, Mr Stewart McDonald (Mining 2008) & Mr...
ConocoPhillips and Origin Energy announced their plan to create a long-term Australasian natural gas business focused on coal bed methane production and liquefied natural gas (LNG) processing and sales. The transaction is conditioned upon approval from Australia’s Foreign Investment Review Board and, if required as a result of an outstanding offer from BG to purchase all outstanding shares of Origin...
Castle Harlan, Inc., the New York private equity investment firm, announced that it had agreed to sell AmeriCast Technologies, Inc., a North American leader in the design and manufacture of large, complex steel castings, to Bradken Ltd., a leading publicly-traded Australian manufacturer of cast steel and other products, primarily for the mining and railroad industries, in a transaction valued at approximately...
Peabody Energy announced today that it has reached agreement to acquire 15 percent of the Millennium Mine in Queensland, Australia, and intends to acquire the remaining 0.5 percent ownership in the near future. The company currently owns 84.5 percent of the operation, and intends to purchase the remaining equity interest following regulatory approvals. The Millennium Mine was among three major Australian...
Coeur d’Alene Mines Corporation said today that the U.S. Forest Service has evaluated public and agency comments submitted on the Draft Supplemental Information Report for the Kensington Gold Mine in Alaska. Based on the responses and agency input, the Forest Service has announced that an Environmental Assessment (EA) is the preferred level of review, which could allow for a conclusion of permitting...
Coeur d’Alene Mines Corporation said today that the U.S. Forest Service has evaluated public and agency comments submitted on the Draft Supplemental Information Report for the Kensington Gold Mine in Alaska. Based on the responses and agency input, the Forest Service has announced that an Environmental Assessment (EA) is the preferred level of review, which could allow for a conclusion of permitting...
Mitsubishi Corp., Japan’s largest trading company, and Murchison Metals Ltd. agreed to jointly develop a A$3 billion ($2.5 billion) iron ore project in Australia amid soaring demand for the steelmaking ingredient. The two companies want to build a port, railroad and develop the Jack Hills mine in Western Australia state, Tokyo- based Mitsubishi said in a statement on its Web site today. Australia...
THE world’s largest untapped oil reserves – in the Canadian Arctic – have become the new front line in the battle between environmentalists and the energy industry. Shell, a self-styled “green” energy company, is to invest billions of dollars in exploiting the Athabasca tar sands. Environmentalists say the tar sands are the world’s dirtiest oil deposits and that...
Alcoa Inc. announced that it has reviewed Alcan’s continuity agreement with the Government of Quebec which identifies the requirements that Alcoa must meet regarding Alcan’s future operations in the Province in order to maintain certain of Alcan’s hydroelectric and water rights. In a letter to Alcan’s Board of Directors, Alcoa outlined the many ways in which its offer to acquire...
With the spot price of uranium rising at exponential rates, uranium miners are flying high following decades of depressed prices and little new mine development or exploration activity. Shares of Denison and Energy Metals Corp. umped 5% last week following rumours that they were on the acquisition radars of Cameco and France’s Areva, two of the world’s largest uranium miners. When it comes...