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Copper Mine Price Down But a Long Way From Out
While tumbling copper prices have caused some of the world’s largest producers to retrench, startup copper mining projects such as the Rosemont mine southeast of Tucson are moving ahead with optimism.
“We are proceeding forward with no change in our development plans,” said Gil Clausen, president and CEO of Augusta Resource Corp., which is developing the [...]
Coal Mining Company, Arch Reports Mining Operation 3Q
Arch Coal Inc., one of the world’s biggest coal producers, reports earnings for the third quarter before the market opens Monday. The following is a summary of key developments and analyst opinion related to the period.
OVERVIEW
The coal sector benefited from booming prices of the fossil fuel used in steel-making and in boilers to produce [...]
India Mining Companies, India’s Sterlite Not Agree Acquire $2.6 billion From Asarco
The acquisition of copper miner Asarco LLC for $2.6 billion by India-based Sterlite Industries Ltd. is in doubt after Sterlite said it was backing out of the deal.
Lawyers for Asarco told a federal bankruptcy judge in Texas on Tuesday that Sterlite “cannot and will not” close the sale unless Asarco agrees to a price reduction.
Mining Exploration Future’s, Industry Expert Analyst
Every segment of the mining industry and the companies that support it continue to enjoy great success with no end in sight despite trouble on Wall Street, industry leaders said Monday at a national conference and trade show.
Much of the optimism can be attributed to the unprecedented demand from China and India, said Harold Quinn, [...]
India Steelmaker Plans Cooperation with Rio Tinto to Fulfill Iron Ore Mine Raw Material
Iron ore is an essential raw material needed in the process of manufacturing steel. Indian steel companies, in their efforts to cut costs, are looking towards backward integration and enter into long-term contracts with the miners.
India produces 55 million tons of steel annually and hopes to cross the 120 million tons mark by 2012.
“Indian [...]
UltraTech Cement Fall in Coal Prices May Ease Cement
The recent fall in coal prices seems to have provided a much-needed breather to cement companies, but it apparently is not enough to protect the depleting profit margins.
Coal cost for the cement companies is likely to range between $190 and $200 a tonne (cost, insurance and freight) in the second quarter of the financial year [...]
China Energy and Coal Mine Demand Increase For Industry Growth Review
King Coal the Emperor of China
King Coal may be becoming the black sheep of the power industry in America, but it reigns supreme in China.
Chris Nelder, an energy financial consultant who has studied China’s power needs for American investors, wrote in the Aug. 20 edition of “Energy & Capital,” that investors in coal stocks saw [...]
Exploitation Opportunity of Coking Coal Mine in Ausie
The steel ministry is keen that the government holds equity in Australian coking coal mines so that it can tackle the shortage when further steel capacity comes in place.
Minister of state for steel, Jitin Prasada, said he had visited Australia in July and had discussions with the government there regarding acquiring stakes in coking coal [...]
Mining Company Share on Trade and Market, What happen Rio’s Shares Dropped Slightly on London Trading
Why are Rio shareholders so anxious when growth is sizzling? They’re worried that the record runup in global commodity prices may finally have peaked. They also fret that the booming Chinese economy—the major driver of soaring costs for resources like iron ore and copper—could slow or even slump now that the 2008 Beijing Olympics are [...]
