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US Mining Sector Hope New Coal Mine Exploration Regulation
When Barack Obama becomes president, the coal industry isn’t likely to go bankrupt. But coal operators and coal-fired utilities should brace for tougher regulation of mine safety, strip mining and especially greenhouse gas emissions.
Coal industry watchdogs are looking for Obama to reverse Bush administration rule changes, beef up enforcement, and put the nation’s first ever […]
The Big Mining Company, Rio sees ops robust to weather crisis
Global miner and takeover target Rio Tinto sees most of its projects in a strong position to weather any economic scenario, with its new ilmenite project on track to produce in 2008, it said on Sunday.
Chief Executive Tom Albanese said the $1 billion ilmenite project in Madagascar was a good example of a project […]
Citic Pacific Iron Ore Mine Contract in Australia
Citic Pacific Ltd., the Hong Kong arm of China’s biggest state-owned investment company, replaced two finance executives and predicted as much as HK$15.5 billion ($2 billion) in losses from unauthorized currency bets.
A loss of HK$808 million has been incurred from terminating some leveraged currency contracts, and an additional HK$14.7 billion in losses are possible, Hong […]
Tata Steel Coal Asset in Mozambique Mine Exploration Increase 200-million-tonne
Tata Steel’s coal assets in Mozambique are getting bigger by the day. The latest survey shows a 200-million-tonne increase in reserves which are in the Benga region of the country.
Australia’s Riversdale Mining, which Tata Steel has partnered for the Mozambique project, has announced its coal reserves to be 2.1 billion tonnes. This is the second […]
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, […]
Coal Mining Industry Development, New Invest Plans Coal-Power Project in Madagascar
The South Korean company may also develop a coal deposit and transmission facilities as part of the power project, and expand into electricity sales, the Seoul-based company said today in an e-mailed statement.
Daewoo International Corp., a South Korean trading company, may invest about $300 million in a coal- fired power project in Madagascar, the company’s […]
Two Biggest Mining Companies After Merge, An Ambition Becomes The Biggest Mine Company In World
Marius Kloppers is determined to win his $127bn battle to merge BHP Billiton and Rio Tinto, but must beat regulatory hurdles - and Rio’s opposition. Ruth Sunderland met a late starter who could become one of the globe’s most powerful men.
Marius Kloppers, chief executive of mining giant BHP Billiton, could be the patron saint of […]
Pike River Coal Plans Full Production Coal Mine Next Year
Pike River Coal (PRC) expects to crank up to 150 staff by June next year when it plans to be in full production.
The West Coast underground coal mine in the Paparoa range, 46km north of Greymouth, posted a loss of $1.14 million yesterday for the year to June 2008.
That reflects the mine still being in […]
Two Biggest Mining Companies Struggled To Get Control From Request Increase Of Result Of Mining Exploration
It has been another bumper year for Anglo-Australian mining giants BHP Billiton and Rio Tinto as the arm-wrestle over a hostile takeover bid intensifies.
Both companies are using exceptional profits, fuelled by China’s insatiable demand for Australian resources, to press their respective claims in this long-running merger saga.
Rio Tinto has used its strong half-year results to […]
