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Rio Tinto Trial Automated Iron Ore Mining Exploration
Miner Rio Tinto will launch a trial automated iron ore mine in November, part of a plan to cut costs and allow huge expansion despite a severe labour shortage in Australia, a top official said Friday.
The plan is to automate fully the test mine using high-tech robotic trucks
fitted with computers, lasers and advanced GPS systems, […]
South African New Rule Coal-Mine Exploration and Mining Invesmtent
South African investors will soon have a new coal-mine exploration and investment.
SNR’s chief operating officer David Nel reckons the AIM-traded company offers a different prospect to other junior coal companies in South Africa, which have brought projects to the market to take advantage of high coal prices on the domestic and export markets.
“We think […]
Delta Mining Consolidated Exclusion Iron-Ore Development in Liberia
DMC CEO Heine van Niekerk said on Tuesday, Diversified South African exploration and mining company Delta Mining Consolidated (DMC) would contest its exclusion from iron-ore development in Liberia.
Van Niekerk was responding to a Reuters report that the Liberian government had on Monday disqualified DMC and India’s Tata Steel from participating in a relaunched bidding round […]
Delta Mining and Liberia Goverment Cancel $1.6 Billion Iron Ore Mine Contract
Liberia, trying to revive an economy shattered by a 14-year civil war, canceled the award of a $1.6 billion iron ore mine contract to Delta Mining Consolidated Ltd. and barred the company and Tata Steel Co. from participating in a fresh round of bidding.
“The cabinet took the decision based on reports that the initial bidding […]
Pamodzi Investment May Invest in Liberian Iron-Ore Mining Projects
The Johannesburg-based fund had discussed such investments with Delta Consolidated Mining Ltd., Kemp said from London today. Delta had won a provisional $1.6 billion contract to develop three iron-ore deposits in Liberia.
Liberia scrapped that contract yesterday and barred Delta and Tata Steel Ltd. from taking part in a new tender, Liberian Information Minister Lawrence Bropleh […]
Brazil Mining Exploration and Industry Sector Plans New Regulation
The director general of National Department of Mineral Production, Miguel Nery, said, “We are defending that the state has more powers and mechanisms to exercise them without implying a break with the constitutional bases,” in the Gazeta Mercantil financial daily.
Nery added that his department has submitted the project to Mines and Energy Minister Edison Lobao […]
Northland Resources Reports Iron Deposit Exploration Drilling in Northland
President of Northland Buck Morrow said, “Our exploration drilling throughout the Pajala Shear Zone continues to demonstrate that we are in the middle of an iron ore camp where we have identified numerous mineralization occurrences in addition to our core project areas. These satellite mineralization zones have the potential to add substantial tonnages to our […]
Bellzone Mining of Australia Plans To Explore 1 billion Iron-Ore Mine in Central Guinea
Bellzone Holding, a unit of Bellzone Mining of Australia, plans to exploit a 1 billion metric ton iron-ore deposit in central Guinea at a cost of $4.5 billion.
The company has the cash needed to invest in the project without elaborating. Managing Director Alexandre Orlov said, “We are in talks with the Guinean government about signing […]
Iron Ore Price and Demand Future, Vale Beats BHP, Rio as Top Pick on China Ore Demand
Cia. Vale do Rio Doce fell 27 percent this year in Sao Paulo, heading for the first annual decline since 2000. Now analysts say the world’s largest iron-ore producer is poised for its best performance in a decade.
Vale may double in the next year, more than twice the expected gains for the world’s biggest mining […]
