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Freeport to Cut Majority Stake in Grasberg Mine After Government Pressure, Indonesia
August 29, 2017
Indonesia is allowing Freeport-McMoRan to continue operating a giant gold and copper mine after the U.S. company agreed Tuesday to relinquish majority ownership of it. Indonesian Energy and Minerals Minister Ignasius Jonan told a news conference that Phoenix, Arizona-based Freeport-McMoRan
Secretary of Energy Rick Perry Looks to Strike Energy Partnership Deal with Ukraine Main
August 28, 2017
Secretary of Energy Rick Perry will be leading a delegation to Ukraine next week to discuss boosting the energy partnership between both countries. “It is an honor to lead this delegation from the United States to the great country of
Sydney Mines Heritage Society Museums Attract Tourists Worldwide, Australia
August 24, 2017
The Sydney Mines Heritage Society museums have something to offer everyone and tourists visiting the area are taking notice. The Sydney Mines Heritage Society has three museums, all featuring different things including heritage, sports and fossils. Stuart Critchley, curator for
Coal India Management Rejects Wage Hike Demand from Union Workers
August 24, 2017
The Coal India management has not accepted wage hike demand of worker unions due to “financial constraints”, a trade union said today. Four central trade unions at the coal PSU had demanded “25 percent increase on gross wages as on
Australian Coal Industry to Invest $255 Million in Research for Modern Coal Technology
August 24, 2017
The Australian coal industry is set to invest $255 million into research into modern, more efficient coal technology. Funding will be extended for the Coal21 fund — which develops and researches modern coal technology. Finances in part come from a
North Korea Redirects Coal Exports from China to Evade Sanctions
August 22, 2017
After the suspension of North Korean coal imports by China, the major consumer of North Korean exports, in February, Pyongyang has found a market for its coal in other states, including Malaysia and Vietnam, the report said, as quoted by
Coal to Iron Ore Gains Power Profit Rebound for BHP Billiton
August 22, 2017
A rebound in coal to iron ore powered a five-fold surge in profit for BHP Billiton Ltd. as it posted underlying earnings of $6.7 billion in the year through June, although the result missed estimates. Prices received for hard coking
European Stocks Set to Snap Losing Streak as Miners Jump
August 22, 2017
European stocks pushed higher Tuesday, with advances in the basic resources sector poised to lead the market out of a three-session run of declines. The Stoxx Europe 600 index, bulked up by 0.6 percent to 374.82. All sectors rose, led
Hwange Colliery to Resume Underground Coal Mining Operations, Zimbabwe
August 21, 2017
Hwange Colliery Company Limited (HCCL) has received part of the machinery for underground mining operations and production is expected to commence in the last quarter of the year, Managing Director, Thomas Makore, has said. In a Press statement on Sunday,
Africa’s Governments Put Pressure on Foreign Mining Groups
August 21, 2017
Strict laws, high taxes: Africa’s governments are looking more closely at foreign mining companies. In future, more locals will benefit from the extraction of raw materials. But the strategies are controversial. Tanzania’s President John Magufuli does not need any more
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