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Queensland Mine Could Become World’s Top Producer of Rare Metal
A rare earth metal has been discovered in North Queensland by a mining company who were drilling for nickel.
Scandium deposits have been found at the Metallica Minerals Ludrow nickel-cobalt project near Greenvale, outside Townsville.
The element is used in the automotive and aerospace industries, but there’s never been a large amount available on the global market, [...]
Copper Demand from China Increase Copper Prices
Copper rose to a 20-month high in New York and London on speculation that stronger manufacturing in China, the world’s largest consumer, indicates reviving demand.
A Purchasing Managers’ Index climbed to a seasonally adjusted 55.1 in March from 52 in February, according to Li & Fung Group, which releases data for the Federation of Logistics and [...]
India Globalization Capital Announces Two New Iron Ore Contracts Valued at $3 Million
India Globalization Capital, Inc., a company competing in the rapidly growing materials and infrastructure industry in India, today announced it was awarded two new Chinese iron ore supply contracts valued at $3.0 million. The orders total 60,000 metric tons of medium-grade iron ore, or 56-grade.
Brazilian Mining Company Vale Sees Iron Ore Prices Higher In 2010
Iron ore prices will likely rise in 2010, underpinned by growing demand from China, the chief executive of Brazilian mining giant Vale said on Monday, without offering estimates of how much prices could rise.
“I think it’s going to be a positive year, and iron prices are showing a tendency towards increase, but I do not [...]
Mining Companies and Mining Industry Make It Plans To Growth
Following QBR’s report on financiers being hit-hard by the economic crisis, IBISWorld reports that mining is yet another of its top-10 industries to feel the repercussions of a market collapse.
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
South Africa Government Delay Implementation New Mineral and Mining Royalties
In an effort to mitigate job losses in the mining industry, South Africa’s Finance Minister Trevor Manuel on Wednesday proposed that government delay the implementation of new mineral and mining royalties until March 2010.
Rusian Top Metal Producers Negotiation To Merger Massive Company
Severely weakened by the economic crisis, Russia’s top metals producers are embracing a proposal to merge into one massive company.
Mining Companies Can’t Stop Mine Production as Demand Global Industy Growth
The world’s biggest mining companies are cutting expansion plans by about $200 billion as prices of metals, demand from factories and funding for projects collapse.
