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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.
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 [...]
Rio Tinto Make Plans To Develop Iron Mine in West African
For expand and develop mining project Rio Tinto, the biggest mining company, looking partner from Chinese. Rio is make plans looking partner mining company specialy mining company for steel and construction companies to help develop a $6bn (£3.08bn) West African iron ore mine.
Sam Walsh, head of Rio’s iron ore division, said in an interview with [...]
Time For Find Solution Trouble In Mining Industry
Lihir Gold has reported a 28 per cent slump in first quarter output, blaming the result on a planned maintenance shutdown in Papua New Guinea.
It caps a difficult two months for Australia’s major gold producers, which have lost nearly a third of their market value.
And the recent round of resource company production reports are pointing [...]
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 [...]
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 [...]
Buffalo Gold and Sargold propose merger
Buffalo Gold Ltd. and Sargold Resource Corporation (”Sargold”) are pleased to announce they have signed a letter of intent (”LOI”) to enter into a friendly merger (”the Transaction”). Under the LOI, all outstanding securities of Sargold will be exchanged for common shares and common share purchase warrants and options of Buffalo.
Highlights of the [...]
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 [...]
New Guinea Gold Announces Start of Processing at Sinivit
New Guinea Gold Corporation announces that mining and processing of gold mineralization from the Sinivit Mine has commenced. Project development has been completed at site and initial process plant commissioning commenced in April 2007 with first gold pour expected in May 2007. Vat 1A is full and processing is underway – mineralisation remains in [...]
