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India Mining Industry Will Reach a Total Value of US$45.40Bn
India is home to a myriad of metals and minerals. Globally, the country is the largest producer of sheet mica, the third largest producer of coal, the fourth largest producer of iron ore and the fifth largest producer of bauxite. Besides these natural resources, India also hosts significant reserves of copper, zinc,
gold and about 26 [...]
British Mining Companies Face Challenge On Unjust Practices
Representatives of communities in Colombia, West Papua and the USA are in London to challenge the claims of two of Britain’s biggest mining companies that their operations are sustainable and fair. Critics say that in reality they are violating human rights and causing irreversible environmental damage.
Tanzania Govern. Mining Firm More To Pay Tax
The Government plans to review its taxation structure in this year’s national Budget to get especially the mining companies to pay more, the Finance minister says.
Mr Mustafa Mkulo, the Minister for Finance and Economic Affairs, who is visiting neighbouring Mozambique, told The Citizen by telephone from Maputo yesterday that the review would particularly target the [...]
Mining Exploration Company, Rio Tinto Group Drop in Production of Steelmaking Coal, Copper, Diamonds, Zinc
Rio Tinto Group, the world’s third- largest mining company, reported a drop in production of steelmaking coal, copper, diamonds, zinc and lead as the industry struggles to grow at a time of record-high prices.
First-quarter coking coal output fell 27 percent after weather disrupted supplies from Australian and mined copper dropped 6 percent, the London-based company [...]
Mining Company Exploration : Rio Tinto profits slip as costs bite
Mining giant Rio Tinto Ltd has posted a 14.3 per cent drop in first half net profit, after cost pressures took a toll on its business.
Net profit for the six months ended June 30 slipped to $US3.523 billion ($A4.12 billion).
Underlying earnings also slipped, by 5.9 per cent to $US3.529 billion ($A4.13 billion), missing the consensus [...]
NovaGold Second Quarter Financial Results and Project Update
NovaGold Resources Inc.today announced its financial and operating results for the three months ended May 31, 2007, along with an update on the Company’s project development activities. Details of the Company’s financial results are described in the unaudited consolidated financial statements and Management’s Discussion and Analysis which, together with further details on each of the [...]
Rio Narcea Recommends Acceptance of Amended Offer From Lundin Mining Corporation
Rio Narcea Gold Mines, Ltd. (“Rio Narcea” or “the Company”) today announced that the Board of Directors of Rio Narcea has considered the Notice of Variation and Extension dated June 29, 2007 (the “Amended Offer”), by Lundin Mining Corporation (“Lundin”) in connection with the offer dated April 20, 2007, as amended. Under the Amended Offer, [...]
Canadian firm hopes to reopen old mine
Halfway up a stone-strewn hillside, Rob Wetzel picks up a fist-sized rock glittering in the morning sun.
“Quartz monzonite,” he says. “Those sparkles are copper minerals.”
Towering 200 feet above Wetzel are the remains of the Engels Mine processing plant, which produced 161 million pounds of copper from 1915 until 1930. Below him, Lights Creek cascades out [...]
Rio Tinto underlines Australia’s opportunity for uranium
World’s second biggest mining company Rio Tinto has said big opportunities are opening up for Australia to meet growing world demand for uranium.
Rio Tinto Chief Executive Leigh Clifford made the comments after the mining giant on Thursday announced its net profit for 2006 jumped 43 percent to 7.44 billion U.S. dollars.
