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China Became the World’s Largest Supplier of Gold, Surpassing South Africa
The China Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on China’s mining industry
Iron Ore Mine Exporter, Fortescue Suspend Work on Australia Iron Ore Railroad
Fortescue Metals Group Ltd., Australia’s third-largest iron ore exporter, suspended work on a railroad carrying the steelmaking ingredient, signaling a deepening slump in demand from Chinese customers.
Contractor NRW Holdings Ltd. was told to stop building the line in Western Australia, Perth-based NRW said today in a statement. Cameron Morse, a spokesman for Fortescue, referred to [...]
Transportation Of Mining Equipments Railway To Transport Result Of Exploration Of Coal Mining
Yellowstone County Commissioner Jim Reno said “Today, we approved a memorandum of understanding”.
Big equipment was scraping earth near Broadview, where the 35- mile rail spur will tie the coal mine in the Bull Mountains into the main line of BNSF Railway.
More heavy equipment is on the way, said John DeMichiei of Signal Peak Energy, [...]
Fortescue Wants To Be Iron Ore Producer Company In Australian
Fortescue plans will do perluasaan in produce of iron ore. To support plans the company will invesment for defrayal of $1.6 billion. Fortescue Metal Group Plans to become the biggest iron ore producer in Australian.
Chief Executive Officer Andrew Forrest, said on conference from Perth “funded only from a portion of our free cash flow with [...]
Usibelli’s Estimate Coal Mine Resource in Alaska’s
Steve Denton, Usibelli’s vice president for business development, believes his company could supply coal to a new mine-mouth coal-fired power plant, such as one proposed by Usibelli at Emma Creek, for $1.50 to $2 per million British Thermal Units, which could be one-third to half the cost that gas brought to Interior Alaska from the [...]
Coal Mine Exploration at Australia’s Newcastle Port, Take Advantage of Higher Prices
Australian coal mine producers, the world’s largest mining exporters of the fuel, are switching output to semi-soft coal from thermal coal to take advantage of higher prices, reducing supply of power station coal, Mark Pervan, a senior commodity strategist with Australia and New Zealand Banking Group Ltd. in Melbourne, said today by phone.
Thermal coal [...]
Newcastle Coal Mine Port Jump Record Supply and Demand Third Week
Thermal coal prices at Australia’s Newcastle port, a benchmark for Asia, jumped to a record for a third week on supply curbs and rising demand.
The index for power-station coal prices at the New South Wales port rose $1.70, or 1.1 percent, to $160.23 a metric ton in the week ended June 13, according to the [...]
Railroads put money on coal despite pollution, economic concerns
The cloud that hangs over the coalindustry for its contribution to global warming has yet to cast a shadow here, across the vast network of railroad lines that haul coal from the sun-baked flats of the Powder River Basin.
Railroads across the country are spending hundreds of millions of dollars buying locomotives, adding track and building [...]
Newmont CEO Murdy advocates environmentally and socially responsible gold mining
Newmont Chairman and CEO Wayne Murdy stresses that the duties of today’s mining CEOs emphasize environmental protection and social responsibilities as well as shareholder return and mining gold.
Nevertheless, the former Chair of the International Council on Mining and Metals also believes that mining gets blamed for problems and issues that realistically fall into the purview [...]
