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Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
Australian Contract Price Iron Ore and Coking Coal Export to Halve as Chinese Growth Slumps
The crisis and the effects on the domestic economy are expected to deepen as commodity prices fall because of reduced global demand.
Bristish Columbia Will Share Revenue of Mining Exploration Result
Leaders of British Columbia’s mineral exploration sector applaud the announcement by the Minister of State for Mining, Honourable Gordon Hogg, of provincial government resource revenue sharing with First Nations. Resource tax revenues collected from new mining projects in British Columbia (BC) will be shared with First Nations and play an important role in building on [...]
South Afrcia Coal-Mine Port Exported Increase
Growing SA’s ability to export coal has become increasingly important as international coal prices have soared this year and the government has identified the sector as offering opportunities for new black empowerment companies. SA is the biggest supplier of coal to European power plants.
RBCT is the world’s biggest single coal export terminal. Although the port [...]
Federal Government Hope Economics After Mining Exploration Boom in Australian
PRIME Minister Kevin Rudd says bringing the budget together is “tough as all hell”, but economists say the Federal Government will soon be wallowing in billions of extra dollars from the mining boom.
Economists estimate increased contract prices for coal and iron ore could rake in an additional $10 to $12 billion from company tax receipts, [...]
German cabinet hard coal production
Angela Merkel`s, German Chancellor cabinet, agreed to halt production of hard coal by the end of 2018, paving the way for coal miner and chemicals maker RAG AG to sell shares to the public next year.
Essen-based RAG in June approved the creation of a foundation that will use proceeds from a share sale to close [...]
Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
Coal-to-liquids project advances
Peabody Energy Corp. has pledged nearly 1 million tons of coal a year and up to $10 million in development funds to an Illinois plant that planners say would be the first in the nation to commercially turn coal into liquid fuels for big-rig trucks, buses, barges or jets.
St. Louis-based Peabody, as part of the [...]
U.S. loans for coal plants clash with carbon cuts
Federal effort comes in conflict with move to limit greenhouse gases.
A Depression-era program to bring electricity to rural areas is using taxpayer money to provide billions of dollars in low-interest loans to build coal plants even as Congress seeks ways to limit greenhouse gas emissions.
