Palangkaraya Post News

HELENA, Mont. — The copper mining, refining and smelting company Asarco LLC is asking a judge to prevent its parent company from obtaining a $40.5 million tax refund.

In paperwork filed this week in a Texas bankruptcy court, Asarco requests an injunction to keep mining giant Grupo Mexico from going after the money from the Internal Revenue Service. The company instead wants the judge to rule that the refund belongs to Asarco.The money comes from tax overpayments Asarco’s former parent company, East Coast-based Asarco NJ, paid from 1987 through 1989. Grupo Mexico bought Asarco in 1999.”Asarco has been trying to collect the refund from the IRS for the last four years,” Asarco lawyers said in court documents. “The refund is expected to be approximately $40,479,421, plus interest, thereby making it a Read the rest of this entry →

MONROEVILLE, Pa. – At first glance, everything seems to be going well for CSE Corp.

Sales of the emergency air packs CSE pioneered for coal mining are up more than fourfold. And the small, family-owned operation that used to produce about 1,000 air packs a month has orders for 55,000, enough to prompt a small-scale expansion.

But company President Scott Shearer is getting pressure from the federal Mine Safety and Health Administration and even members of Congress. They want to know why CSE and other air pack manufacturers haven’t delivered more products in the wake of state and federal legislation that requires thousands of new devices in underground mines. Read the rest of this entry →

VANCOUVER, Feb. 8 /CNW/ - Western Canadian Coal Corp. (TSX: WTN & WTN.DB
and AIM: WTN) (the "Company") is pleased to announce that it has received the
Mine Permit from the British Columbia Ministry of Energy, Mines and Petroleum
Resources to allow for production of up to 2.0 million tonnes per annum of
ultra low volatile pulverized coal injection ("ULV-PCI") coal at the Brule Read the rest of this entry →

PARAMARIBO, Suriname: Labour talks are progressing at Iamgold Corp.’s Rosebel gold mine in Suriname, the company said on Wednesday.

“Talks have progressed a bit. The bottom line is that workers want to go back to work, but there is damage done… and we need to provide a safe workplace.” Read the rest of this entry →

MONROEVILLE, Pa. | At first glance, everything seems to be going well for CSE Corp.

Sales of the emergency air packs CSE pioneered for coal mining are up more than fourfold. And the small, family-owned operation that used to produce about 1,000 air packs a month has orders for 55,000, enough to prompt a small-scale expansion.

But company president Scott Shearer is getting pressure from the federal Mine Safety and Health Administration and even members of Congress. They want to know why CSE Read the rest of this entry →

La Paz – The Bolivian government on Friday nationalized a mineral processing plant operated by a subsidiary of the Swiss company Glencore International.

‘I am delivering on the mandate given by the Bolivian people, which was to recover our natural resources,’ President Evo Morales told workers at the Vinto plant.

Left-wing populist Morales signed a decree Friday that nationalized Vinto, operated by Glencore subsidiary Sinchi Wayra. Defence Minister Walker San Miguel read out the text of the decree. Read the rest of this entry →