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Gold and Copper Exploration Companies Poised to Shine in 2010
Shares of gold and copper exploration companies are the most likely to shine in the Canadian junior mining sector this year, as large miners raise their exploration budgets and scout for promising projects.
Small-cap stocks on the TSX Venture exchange enjoyed a strong run last year with the S&P/TSX Venture Composite Index gaining more than 90 [...]
Essar Group Purchase Coal Mine of Trinity Coal Corp
Essar Group said its purchase of Trinity Coal Corp., the Indian company’s first overseas coal mine acquisition, will help lock in raw materials with coal and iron ore prices poised to rise as the global economy recovers.
The $600 million buyout of West Virginia-based Trinity raises Essar’s total U.S. investment to $4 billion, Chief Executive Officer [...]
Blackrock, Global Mining Investments Prefers Global Recovery Gold, Iron Ore and Copper Markets
BlackRock-managed Global Mining Investments Ltd has a preference for copper, gold and iron ore as China leads a global recovery in commodities markets but is negative on aluminium because of oversupply, the firm’s chief said on Tuesday.
Anglo’s Brazil Iron Ore Project Bit by Challenges
Investor’s eyes will be closely trained on Anglo American’s Minas Rio iron ore project following revelations by Cynthia Carroll, the company’s chief executive, on Friday that the project was experiencing challenges.
Carroll was delivering the company’s 2009 annual results presentation to an audience in London and via live video link to South Africa.
China Steel Company Leadership to Prepare Talks Contract Iron Ore Prices
China steel company leadership prepared to have a meeting with the mining company’s largest iron ore supplier to determine the contract price of iron ore in 2010. Discussion planned in April 2010. However, from both sides – producers of iron ore and steel companies – have delivered their desire for change in contract iron ore [...]
Brazil Government Charge of Iron Ore Export Tax to Iron Ore Exporters
Brazilian government plan implementation costs of iron ore export tax to exporters of iron ore. Application of the tax costs aimed at increasing domestic investment, especially domestic steel production increase.
Brazil is the country’s second largest iron ore exporting; some iron ore production is exported to China for use as raw materials to produce steel in [...]
Mozambique Approved Environmental Impact Study To Build Coal-Fired Power Plant In Benga, Tete
Mozambique Government has approved the environmental impact study for the construction of coal-fired power plant in Benga region, Tete Province. Development of coal-fired power plant will be done by Riversdale mining company. Project coal-fired power plant using coal as Benga energy power plants. Development of coal-fired power plant carried out in two stages.
Mining Company BHP Billiton Iron Ore Production Highest Recorded
Mining company BHP Billiton iron ore production reported from several locations of their iron ore mines to reach the highest rate in the quarter. The highest production of iron ore from the Pilbara region, Western Australia. Production of iron ore from iron ore mines in the Pilbara region of about 54%.
Steelmaker (Arcelormittal) And Mining Company (BHP Billiton) Discuss Joint Management Of Iron Ore Mines
Iron ore mining company BHP Billiton is the world’s largest company and the world’s largest steel maker ArcelorMittal in talks on iron ore mining in Liberia and Guinea.
Steel demand in 2010 is expected to rise sharply, so that the steel manufacturers have competed to supply iron ore to meet the target of steel production during [...]
State-Run Coal Supplier Defends Price Hike Proposal
State-owned Vietnam National Coal-Mineral Industries Group has sent a letter to the government reaffirming its proposal to raise coal prices after facing criticism from experts.
According to the coal monopoly, also known as Vinacomin, a price hike is necessary as production costs would surge this year due to deeper mining. Salaries and environment taxes would also [...]
Coal Prices And Iron Ore Prices Rose Significantly
Winter and snow that occurred in some parts of China affect the mining exploration activities in China, so that mining production decreased. Decrease in mining production from China to change the status of China became an importer exporter of mining raw materials.