Mineweb reported that the second underwater mining project proposed by Chatham Rock Phosphate Ltd. (NZE:CRP) has been rejected due to the potential environmental impact to the seabed.
Commodities gained some ground on Friday after falling early in the week due to investors' continued uncertainty over the future of the Federal Reserve's stimulus program.
Major miners Glencore Xstrata and Peabody Energy made large cuts to their Australian coal operations last month, but in the long-term their actions may have a positive impact on the industry.
As a primary source of electricity and energy around the world, coal is one of the most important fossil fuels. Here's a look at four important coal deposits around the world.