Riversdale Mining Company country manager for Mozambiq said in Mozambican journal said, “Riversdale operation on Tuesday, the company has lincences mining exploration in Tete covering 290,080 hectares”.

Riversdale mining company has tenements on both bank of the Zambezi,and the area concern extends to the south bank of Lake Cahora Bassa. Mine exploration area to explore over 280,000. Riversdale Mining coal mine exploration area in Moatize licensed to the Brazilian Companhia Vale de Rio Doce (CVRD).
Read more » »

Potency mining exploration products in India, especially oil and gas mine very potency. Causing is bid to company non mining exploration to do investment at some block oil and gas exploration . GVK company developer of infrastructure in India, wins bid to do investment of exploration block of oil and gas mine exploration.

GVK in association with BHP Billiton of Australia, has secured seven blocks under the New Exploration and Licensing Policy or NELP. This marks the maiden entry for GVK in gas exploration, the media reported.
Read more » »

Mine exploration in argentina always experiences improvement along with the increasing of demand mine raw material. the increasing of demand of mining products sector makes mining company to do discovery of mine exploration area.

Bid agent project of exploration of mine in Argentina, Ipeem offers to some companies to invest in does exploration of mine in Argentina. Mine exploration area that is on the market counted 4 new mine area.
Read more » »

Frontier Mining Ltd., mining exploration company makes report result of mine exploration and sale during the year 2007. following report loaded at thomsoncom.

Frontier Mining Ltd. posted a pretax loss of $4.31 million for 2007, versus a loss of $2.64 million last year.

During 2007, the group said it sold $2.39 million of gold and silver, being 3,132 ounces of gold and 20,173 ounces of silver respectively. The company said it did not record revenue as it was in the test production phase and instead has offset this amount against capitalized mine development costs, while it reported revenues of $2.97 million last year. Frontier Mining said it remains positive about its Naimanjal mine’s ability to produce gold and silver and regards it as an important near-term value driver for the company.

source : sharewatch.com

Giant steel company South Korean, POSCO does investment by doing purchasing of coal mine raw material from Australian coal mine company, Australian Macarthur Coal. purchasing value done by POSCO 10 per cent. this investment meant to anticipate lacking of coal mine raw material to process steel industry POSCO.

Ko Min-Jin tells, “The deal will help our company secure a stable supply of raw materials,” she said. POSCO has agreed purchasing of coal raw material from Australian Macarthur Coal, equal to $404 million.
Read more » »

Federal Government has identified seven minerals for national development, inister of Mines and Steel Development, Chief Sarafa Isola, said in Abuja yesterday.

He told the News Agency of Nigeria (NAN) that the minerals were Gold, Lead/Zinc, Barite, Bitumen, Limestone, Coal and Iron Ore. Isola said that Nigeria was well-endowed with myriad of solid minerals, but that government selected only seven to ensure focus and added that blueprints had been developed on the seven areas. He said the need to ensure focus became necessary to increase the contribution of the solid minerals sector to the GDP from 0.5 per cent to somewhere around 7 per cent.
Read more » »

China is the world’s biggest steel producer and consumer but many of its mills are dirty and inefficient. The government is trying to promote efficiency through consolidation and hopes bigger producers can strike better deals with foreign iron ore suppliers at a time of record prices.

The new state-owned Hebei Iron and Steel Group Co. replaces Baosteel Group Co. as China’s biggest steel company.

The new company was formed through a merger of Tangshan Iron & Steel Group and Handan Iron & Steel Group.
Read more » »

To anticipate lacking of coal mine raw material which will be applied to process supply energy, feeder company energy Napacor is bid to process delivery of coal mine raw material. delivery of coal mine done from finite August of December.

Delivery of coal mine raw material to Sual plant, Pangasian, North of Manila. This coal mine raw material applied to fulfill inventory of energy 1,294 megawatt.

Napacor has specified schedule to process delivery of coal mine raw material, as follows : August 25 to September 3, November 15 to 24 and December 9 to 18.
Read more » »

Increasing demand of coal mine supply in Asia makes the coal price to experience increase. this demand caused height of oil price. this condition makes several state to transfer source of energy from oil to usage of coal mine as component of burning to support industrial process.

Demand increase effect of result of coal mine exploration in Australian, results the price of coal mine to reach highs during last five weeks.

Coal prices at the New South Wales port, the world’s biggest export harbor for the fuel, rose $9.44, or 5.8 percent, to $172.10 a metric ton in the week ended June 27, according to the globalCOAL NEWC Index.

The price of coal more than doubled in a year as Australian ports become congested and China, the world’s biggest producer and consumer of the fuel, cut exports to meet soaring domestic demand. Xstrata, the world’s largest exporter of power-station coal, BHP Billiton Ltd. and Rio Tinto Group are among mining companies that ship coal through Newcastle.

ArcelorMittal is ready with the Detailed Project Report (DPR) to be submitted soon to the Orissa government for its proposed greenfield steel mill in Keonjhar district and will soon go for land acquisition, a top company official said here today.

“We have urged the state government to hold gram sabha meetings in order to ensure smooth land acquisition by the company”, ArcerlorMittal’s India greenfield project chief Sanak Mishra told reporters on the sideline of the 4th international iron and steel making conference here.
Read more » »