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Shanxi Puda Coal Received Approval to Consolidate Four Additional Coal Mines in Pinglu County
In order to improve production efficiency and safety in the workplace and to reduce coal mine accidents, in early 2009, the province of Shanxi, the government issued a policy requiring the merger and consolidation of companies in the coal mining province of Shanxi. In accordance with government policy, large corporations coal production given the opportunity [...]
BHP Billiton Reached Agreement Coking Coal Sales with Europe and Asia Costumer
Coking coal mining company BHP Billiton has reached a deal volume of hard coking coal sales to customers in Europe and Asia for the year 2010. Asian countries agree on the purchase of coking coal from BHP Billiton, among others, China, India and Japan. All three countries are the largest steel producers in Asia and [...]
Galaxy Resources Starts Mining At Mount Cattlin Lithium Project
Mount Cattlin will become the second largest producer of lithium in the world. Lithium mining exploration company, Galaxy Resources has started mining exploration project in Mount Cattlin lithium in Western Australia. This project involves the mining and ore processing to produce pegmatite and spodumene concentrate tantalum products.
Arcelormittal Kumba Iron Ore Deal Jettisoned by Anglo American
Anglo American, a diversified mining group, yesterday cancelled an iron-ore supply agreement reached in 2001 on a cost plus 3 per cent basis between its subsidiary Sishen Iron Ore Company (SIOC) and the world’s largest steel maker ArcelorMittal.
CSN Plans to Export 37 Million Tons of Iron Ore for Steel Production Increase In 2010
Cia Siderurgica Nacional SA, Brazil’s third-largest steelmaker, said fourth-quarter profit fell 81 percent because a year-earlier gain wasn’t repeated. Shares rose after earnings beat expectations.
Net income fell to 745.4 million reais ($408.7 million) from 3.94 billion reais in the year-earlier period, CSN said yesterday. Earnings per share of 1.02 reais beat the mean estimate of [...]
Newmont Mining Gold Producer Reports Earnings Exceed Estimates
Newmont Mining Corp. is one of the largest gold producers in the world. The company reported profits until the fourth quarter sharp jump in excess of Wall Street estimates, the company’s revenue doubled on record prices for precious metals.
Gold production generated by Newmont rose 10 percent on the year and estimated gold production in 2010 [...]
Canada Stocks Rise for Seventh Day on Gold Companies Profits
Canadian stocks rose for a seventh day, the longest rally in 11 months, as three of the country’s four largest gold producers by market value beat earnings estimates.
Barrick Gold Corp., the world’s biggest producer of the metal, gained 3.3 percent after announcing it will spin off its African operations. Kinross Gold Corp., the country’s third- [...]
Canada Stocks Fluctuate as Gold Mining Companies Slips, Energy Producer Rise
Canadian stocks swung between gains and losses as energy producers rose and gold mining companies fell as the precious metal retreated from a four-week high.
Canadian Natural Resources Ltd., Canada’s second-largest energy company by market value, advanced 0.8 percent after analyst Brian C. Dutton of Credit Suisse Group AG raised his rating on the stock to [...]
PTC India Plans Joint Ventures for Coal Mining Assets
PTC India Ltd., the country’s largest power trader, plans to form joint ventures to buy stakes in mining projects abroad to help secure fuel supplies for Indian power producers who face coal shortages, its chairman said Monday.
New-Delhi based PTC plans to buy coal assets with overseas and Indian companies in Indonesia and Australia and may [...]
