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Xtrata Mining Companies Income Decreased Net Profit


Xtrata Group company is one of the largest mining company has several mining exploration sites. Xtrata focus on exploration and production mining tin, zinc and nickel. Development of the mining industry which is done as a coking coal producer.

B.C.’s Mining Industry High Coal Prices to Record 2008 Profits


Aggregate pre-tax earnings rose to $3.2 billion, the highest amount in the 41-year history of a PricewaterhouseCoppers survey.

Arch Coal’s Report Earning Coal Product Increase


Coal-producing Arch Coal Inc. said Monday its third-quarter earnings more than tripled, beating Wall Street’s expectations. But the miner lowered its earnings outlook for the year, citing near-term softening of coal demand.
“Despite a near-term softening of coal demand, we remain on pace to deliver our best financial performance in company history,” said Steven Leer, Arch’s [...]

Mexico Mining Boom


Regional myopia is a widespread failing. Say “ Mexico” in Europe and the word game usually brings up “holidays”. The other side of the Atlantic it would probably be “cheap labour”. Only in Canada is “mining” Mexico’s main claim to fame. Yet Mexico is one of the oldest mining countries in the world, and it [...]

Coking coal boost as China imports


ANALYSTS are predicting a rebound for coking coal prices as China becomes a net importer of coal for the first time in its history.
Recent data shows the resource-hungry nation imported 14.3 million tonnes of coal in the first quarter of 2007, a 60.4 per cent rise over the three months ending March 31, 2006.
That compares [...]

Coal Surge Seen by Mobius as China’s Imports Increase (Update2)


Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring [...]

Gold Rush Plunges Undersea as Miners Scour Pacific (Correct)


(Corrects company in 10th paragraph whose shares declined.)
David Heydon says the rock he dredged from a mile beneath the sea off Papua New Guinea looked like nothing more than a dull-brown fire hydrant. Inside were veins of copper and gold worth $300.
Two companies exploring the South Pacific seas with new remote-controlled robots are betting rocks [...]