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Brazilian Mining Company, Vale Begins To Develop Coal Mine Project in Tete, Mozambique
Brazilian major diversified miner Companhia Vale do Rio Doce (Vale) has started development of its $1,3-billion Moatize coal project in Tete province, Mozambique. Production is scheduled to start in December 2010.
Global Mining Companies Plans Expansions Iron Ore Mine Output
Global iron ore prices are set to decline sharply in 2009 as demand for the steelmaking ingredient shrinks dramatically as a result of deepening world economic recession.
Guinea and Chinese Discuss Mining Exploration and Infrastructure Investment
Guinea and China are discussing a deal which could see billions of dollars of Chinese investment in return for mining rights in the West African country, which has a third of the world’s bauxite, a Guinean minister said.
A delegation including officials from the Chinese Development Bank recently spent a week in Guinea and is due [...]
Pressure on oil companies grows to end gas flaring in Nigeria
For three minutes, on the day last May when Royal Dutch Shell released its first quarter earnings figures, a flame shot high into the air in front of the company’s head office in The Hague, scorching a human chain of about 40 protesters that circled it, a few meters away, to block police efforts to [...]
World’s mining firms dig in perilous terrain
The world’s biggest mining companies, hungry for metals increasingly tapped out in developed countries, are plunging into risky new terrain. Mining executives are setting up operations in some of the most violent, politically turbulent places, like the Tenke Fungurume copper and cobalt mine Phelps Dodge approved here in December.
Expatriate homes for the Tenke staff have [...]
APEC to Seek Closer Cooperation Between Oil Companies (Update1)
Asia-Pacific Economic Cooperation countries agreed to seek closer cooperation between oil and gas companies to improve energy trade flows and supply security.
All companies, not just national oil companies, need to cooperate to improve transparency in the market and free up trade, Ian Macfarlane, Australia’s industry minister, said at a media briefing during the APEC energy [...]
APEC to Study Impact of State-Owned Oil Companies
Asia-Pacific Economic Cooperation energy ministers plan to study the impact that state-owned oil and gas companies is having on trade and investment, according to a draft communique.
The 21-member body, including China, the U.S. and Russia, will set up a working group to assess how to cooperate with state-owned companies, according to the draft statement obtained [...]
Tension in Bolivia, Africa to lift metals
Copper prices were buoyed on Friday by the prospect of a strike at a Peruvian mine, while Bolivia’s leftist president Evo Morales has put a shudder through the mining industry by nationalising Glencore’s tin, zinc and lead operations there.
The trend for governments to take advantage of the windfall profits being generated by miners is continuing, [...]
Indonesia’s Riches Draw China, India
When it comes to energy and industrial commodities, China and India are Asia’s fiercest competitors. For the last couple of years, both Chinese and Indian companies have done deals across the globe — from Latin America to Africa — to win oil exploration rights or secure long-term raw material contracts.
Now they have set their sights [...]
