MINING CORPORATIONS – CANADA

Desert prawn blocks uranium mine

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Original article by Andrew Burrell, Paul Garvey
The Australian – Page: 3 : 4-Aug-16

Canada-based Cameco will not be able to proceed with the Yeelirrie uran­ium mine in Western Australia due to concerns about its impact on the habitat of stygofauna. The state’s Environmental Protection Authority ruled that the proposed mine would put at risk the future of 11 species of the prawn-like crustacean, although Cameco is optimistic that the project can still gain environmental approval. However, it concedes that the project would not be economically viable given the current price of uranium.

CORPORATES
CAMECO CORPORATION, CAMECO AUSTRALIA PTY LTD, WESTERN AUSTRALIA. ENVIRONMENTAL PROTECTION AUTHORITY, WESTERN AUSTRALIA. DEPT OF ENVIRONMENT AND CONSERVATION, BHP BILLITON LIMITED – ASX BHP, VIMY RESOURCES LIMITED – ASX VMY

$2 sale adds to gloom in ailing coal sector

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Original article by Sarah-Jane Tasker
The Australian – Page: 20 : 3-Oct-14

The benchmark price for metallurgical coal negotiated by Japanese steel producers with Australian mining groups has been set at $US119 a tonne for the final three months of calendar 2014. This compares with a peak of $US330 in 2011 and is a low last seen in 2008. The slump has already triggered widespread redundancies in Queensland by companies such as BHP Billiton. The malaise in the sector has now also been underlined by a deal in which Up Energy Development Group will pay just $US2 to Marubeni and Winsway Enterprises to acquire Grande Cache Coal in Canada

CORPORATES
BHP BILLITON LIMITED – ASX BHP, UP ENERGY DEVELOPMENT GROUP LIMITED, GRANDE CACHE COAL CORPORATION, WINSWAY COKING COAL HOLDINGS LIMITED, MARUBENI CORPORATION, SUMITOMO CORPORATION, VALE SA, DEUTSCHE BANK AG