Mining industry
The New South Wales (NSW) government has launched an investigation into a reported cancer cluster in the Hunter Valley, following an ABC Four Corners program that revealed a link between illnesses and nearby coal mines. NSW Chief Health Officer Kerry Chant announced that the investigation will compile data on hospital
Mining industry
The Environmental Protection Agency (EPA) has released two guidance memoranda on April 1, 2010, aimed at improving the review of Appalachian surface coal mining operations under the Clean Water Act, National Environmental Policy Act, and the Environmental Justice Executive Order. The memoranda, labeled "Summary Guidance" and "Detailed
Mining industry
Congressman Nick Rahall's home district in West Virginia has been ravaged by the Raleigh County coal mine disaster, leaving many dead or missing. In a live interview on the CBS Early Show, Rahall shared his insights on the devastating event, the rescue efforts, and the families affected. The
Mining industry
Tragedy struck in West Virginia on April 6, 2010, when a mine explosion at the Montcoal mine resulted in 25 deaths and four missing miners. The nation's worst mining disaster in 26 years has left authorities scrambling to rescue those still trapped underground and investigating the cause of
Mining industry
Asian stocks rose on Thursday, with Japanese futures and Australian shares gaining after the yen weakened and oil prices increased. Nissan Motor Co. and Mitsubishi Corp. saw slight gains, while Lihir Gold Ltd. surged 31 percent after rejecting a takeover offer from Newcrest Mining Ltd. The Japanese fiscal year began
Mining industry
Japanese stock futures declined on concerns that gains driving benchmark indexes to their highest levels since October 2008 may be unsustainable, given the outlook for earnings. Australia's gold producers, including Newcrest Mining Ltd., the country's largest gold producer, also declined. This comes as investors may be
Mining industry
Four employees of Rio Tinto PLC have pleaded guilty to taking bribes in China, marking an embarrassing case for the mining giant. The employees, including Australian national Stern Hu, were arrested last year during annual negotiations over iron ore prices. The pleas are a blow to Rio Tinto as it
Mining industry
Japanese steelmakers and iron ore miners have reached a tentative agreement to adopt short-term contracts linked to the spot market, abandoning the decades-old annual benchmark system. This move comes after years of negotiation, with talks shifting towards quarterly pricing. Steelmakers are reportedly more concerned with supply security than prices, leading
Mining industry
Australian mining companies with projects in Chile have so far withstood the initial impact of the massive earthquake that struck the nation on Saturday, killing at least 700 people and crippling parts of Chile. However, the repercussions of the disaster may still cause problems, including blackouts and transport issues, which
Mining industry
Japanese miner Pan Pacific Copper Co. (PPC) has decided to start developing a Chilean copper-molybdenum mine in March with Mitsui & Co. The venture, a joint effort between Nippon Mining & Metals Co. and Mitsui Mining & Smelting Co., plans to begin building production facilities at the Caserones mine in
Mining industry
The Indian stock market surged as investors speculate that the government will avoid a sudden halt in stimulus measures and instead roll back some of the measures to boost the economy. Higher metal prices also boosted stocks such as Sterlite Industries Ltd. and Hindalco Industries Ltd. The finance ministry announced
Mining industry
Indian stocks experienced a rally, ending a two-day decline, driven by surging metal prices, which enhanced the earnings prospects for raw material producers. Key metals such as copper and zinc saw significant price hikes in Shanghai, spurring gains among producers like Sterlite Industries (India) Ltd. and Tata Steel Ltd. Analysts
