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Australian Iron Ore Producer, Atlas Iron Would Sell 70 Percent Stake In Iron Ore Mines Ridley
Steel maker China, India, Korea and Japan are interested in buying stakes iron ore mine owned by Australian iron ore producer, Atlas Iron Ltd. Purchasing stakes iron ore mines in order to anticipate competitive iron ore demand from steel manufacturers of the world.
Reports Growth Mining Industry Sector In Philippines
Mining industry sector is a sector that can help a country to increase state revenues and overcome the global economic crisis today. Setkor mining industry that can improve the current state of opinion adala mining gold and silver. Philippines have certain expectations on the two gold mines to be operated this year. Two gold mines [...]
Apex Mining Looks For Fund To Develop Exploration Capacities Of Gold-Mine
Listed Miner Apex Mining Co., Inc. will have to generate some $12 million on its own to increase the capacity of its gold mine in eastern Mindanao, company officials said late last week.
British miner Crew Gold Corp., the parent company of Apex Mining, was hit by the economic slowdown and is having trouble sourcing funds [...]
Steel Prices in Asia Dropped 4%, Steel Demand and Market in China Review
Chinese spot steel prices dropped 4% to a five month low, reversing firm trade in recent weeks, as sporadic evidence of demand recovery in the auto and construction sectors failed to translate into broad based buying amid steady output growth.
Mexican Mining Industry Investment Drop 30% to $10.5 Bln
Mexico’s mining industry investment may drop as much as 30 percent through 2012 as companies slash exploration because of lower metal prices and labor disputes, according to the country’s mining group.
Yamana Gold Inc. Plans Double Gold Production and Increase Earning Profit
Yamana Gold Inc., the owner of the Chapada mine in Brazil, gained the most in more than a month after fourth-quarter profit topped analysts’ expectations.
Africa Gold Mine Producer, Harmony Gold Mining Plans To Restart Dividend Payment
Harmony Gold Mining Co., Africa’s third-largest gold producer, plans to restart dividend payments in the next fiscal year after a hiatus of more than 55 months.
Botswana Mining Exploration Future, Credit Crunch Will Affect Mining Development
The global credit crisis is beginning to affect mining projects in Botswana as companies are now expected to struggle to raise funds to start up or expand operations.
There is currently a multitude of multinational companies that directly rely on funding from international markets that are in the process of setting up mining operations in Botswana [...]
Mozambique Reports Mining Exploration and Mining Industry Sector Q3 2008
The mining industry of Mozambique is forecast to log an average growth of 9.2% during 2008-2012 and be valued at US$0.38bn in 2012.
The outlook for Mozambique’s mining sector remains bright, with the national director of Mining Resources, Fatima Momade, stating that the mining and oil sectors should be the primary drivers behind GDP growth hitting [...]
