Arch Coal’s Report Earning Coal Product Increase

Coal-producing Arch Coal Inc. said Monday its third-quarter earnings more than tripled, beating Wall Street’s expectations. But the miner lowered its earnings outlook for the year, citing near-term softening of coal demand.
“Despite a near-term softening of coal demand, we remain on pace to deliver our best financial performance in company history,” said Steven Leer, Arch’s […]

Brazil miner Vale Plans Cut Cost Demand for Iron Ore Mine in Asia

Vale, the world’s second largest miner and top producer of iron ore, will halt or slow ouput in regions where production costs are high, including at some of its operations in Indonesia and Dalian, China, CEO Roger Agnelli said.
“In this coming quarter, we’re going to clean house,” Agnelli told reporters at the company’s Rio de […]

Avalon Ventures Ltd. Progress Report Drilling Result Thor Lake Rare Metals Project

Avalon Ventures Ltd. is pleased to provide the following progress report on the 2008 work program on its 100% owned Thor Lake Rare Metals project located near Yellowknife, NWT. The summer drilling program on the Lake Zone Rare Earth Element (”REE”) deposit concluded in September bringing the cumulative totals since drilling commenced in 2007 […]

Bloom Lake Iron Ore Mine Exploration Project Reports

Consolidated Thompson Iron Mines Limited provides the following update on its Bloom Lake iron ore project:

Mine site development is progressing according to budget and is on schedule to meet the end of September 2009 production target.
With a current cash position of approximately C$260 million and based on the current construction schedule, the Company has […]

Sale Earnings Of Mine Nickel Norilsk Nickel’s Declines

Norilsk Nickel’s net profit fell by one-third in the first half of the year as the world’s largest nickel miner succumbed to rampant inflation in Russia and a 40 percent decline in the price of the metal.
Norilsk’s stock on the MICEX fell 17.7 percent Friday, falling further than the 6.1 percent decline on the MICEX […]

Africa Iron Ore Mine Producer Doubles Benchmark Export Price

Anglo American Plc’s Kumba Iron Ore Ltd. unit, Africa’s largest producer of the steelmaking ingredient, set its benchmark export price at 100 percent to 110 percent more than a year earlier. The company’s stock rose.
The increases were “well-aligned with leading settlements reached earlier by other iron ore producers,” Kumba said today in a statement […]

Brazil Iron Ore Mine Supplier, negotiates contract the price of iron ore with Asian Steelmaker

china steelmaker will consider iron ore import from iron ore dealer company brazil, VALE. request of china this steelmaker caused the price of iron ore that is on the market VALE enough heights.
China steelmaker has alternative to fulfill supply of iron ore with importing Indian iron ore or applies iron ore from within country.
Executive secretary-general […]

Mozambique Reports Mining Exploration and Mining Industry Sector Q3 2008

The mining industry of Mozambique is forecast to log an average growth of 9.2% during 2008-2012 and be valued at US$0.38bn in 2012.
The outlook for Mozambique’s mining sector remains bright, with the national director of Mining Resources, Fatima Momade, stating that the mining and oil sectors should be the primary drivers behind GDP growth hitting […]

Steel Company China Opposes Increase Of The Price Of Iron Ore Sale

In February, the CVRD, Asia’s largest steel producers and several European steel companies agreed on an ore price hike of 65 percent, which pushed up the ore price to 1.898 U.S. dollars per dry metric ton iron ore unit.
However, the CVRD informed steel enterprises last week it would raise the price of iron ore by […]