Mining Sector

Barrick Gold Corporation to Divest Its Plutonic Mine

Barrick Gold Corporation to Divest Its Plutonic MineWorld of gold mining lately witnessed a lot has been happening and the same applies to Barrick Gold Corporation (USA) (NYSE: ABX).  The company made an announcement that it will be divesting its Plutonic mine which is located in Western Australia.  The mine will be sold to Northern Star Resources for A$25 million.  This transaction is subject to the customary closing conditions and the expected closure will be i

Payments to victim Families begin

Payments to victim Families beginThe families of the workers who died in the Pike River coal mine have started to receive payments from a special compensation fund.

Some have received their $110,000 payout as part of a $3.4 million deal by former chief executive Peter Whittall.

Auditor-General to question Solid Energy management

Auditor-General to question Solid Energy managementThe Auditor-General will question the chief executive and former chief executive of crown-owned Solid Energy( SOE) about how the company came to be in a unstable financial position where a number of people lost their job.

Labour's SOEs spokesperson Clayton Cosgrove has welcomed the decision saying it will provide some answers to those 700 people who lost their jobs as a result of its near collapse.

Agreement signed between New Talisman Gold Mines (NTG) St Albans Property Ltd.

Agreement signed between New Talisman Gold Mines (NTG) St Albans Property Ltd.With a tentative agreement having been signed between New Talisman Gold Mines (NTG) and Chinese investor group St Albans Property Ltd, support for a controversial Waihi gold mine is a step nearer.

Today New Talisman Gold Mines' (ASX: NTL) shares are expected to rise.

Charges dropped against former Pike River Coal Chief Executive Peter Whittall

Charges dropped against former Pike River Coal Chief Executive Peter WhittallMany feel that justice has not been served and the failings of both the company and the government are being glossed over as charges against the head of a New Zealand mine where 29 men died in a 2010 gas explosion were dropped.

Leaking Tank at Uranium Mine Releases Radioactive Waste

Leaking Tank at Uranium Mine Releases Radioactive WasteIn an accident which has been called the biggest nuclear accidents in Australian history, a tank containing uranium burst at the Ranger uranium mine releasing a million litres of acidic radioactive slurry in Kakadu National Park.

The mine is surrounded by Kakadu National Park and is located about 230 kilometres east of Darwin.

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