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Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
Western Canadian Coal Corp. Wins New Sale Contract To Continue Coal Mine Exploration in British Columbia
Shares of Western Canadian Coal Corp. rose another 24 per cent Wednesday, after a 23 per cent gain the previous day, when the company said it has signed enough new sales contracts to continue running its Brule mine and Wolverine operation in British Columbia.
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.
Subsidiary of Rio Tinto Cancel Aluminum Mine Exploration Investment in Saudi Arabia
A subsidiary of global mining giant Rio Tinto Group said Wednesday it is pulling its investment out of a $7 billion Saudi Arabian aluminum project due to the weakening global economy.
Future Mineral Exploration and Mine Industry in Russia During a Global Crisis
Russia auctioned its biggest mining company a decade ago when it was strapped for cash. It’s using the global credit crisis to regain control of OAO GMK Norilsk Nickel as economic turmoil forces U.S. and European governments to bail out their own corporations.
India Central Government fixes 8% export duty on iron ore
The central government on Friday night is understood to have fixed an 8 per cent ad valorem duty on the export of iron ore fines, but Goan mine owners don’t see this as a respite.
Recently the Union government had announced export duty of Rs 200 per tonne of iron ore, while retaining 15 per cent [...]
Canada Mining and Industry Trends, Issues and Challenges Facts & Figures 2008
The Mining Association of Canada is the national organization for the Canadian mining industry. Its members account for most of Canada’s production of base and precious metals, uranium, diamonds, metallurgical coal, mined oil sands and industrial minerals and are actively engaged in mineral exploration, mining, smelting, refining and semi-fabrication.
Facts & Figures 2008 provides details on [...]
Cominco makes $14 billion deal in W.Va. for Coal Mine Industry Expansion
A global consolidation of the coal industry is shifting into overdrive.
Mining giant Teck Cominco said July 29 it will buy up all of the Fording Canadian Coal Trust for close to $14 billion in cash and stock. The deal is just the latest in a growing string of giant acquisitions centered on coking coal, a [...]
Teck Cominco, Coal Mine Industry Company, Buyout Fording Canadian Coal Trust
Mining giant Teck Cominco said Tuesday it will buy up all of the Fording Canadian Coal Trust for close to $14 billion in cash and stock. The deal is just the latest in a growing string of giant acquisitions centered on coking coal, a key raw material for certain steel mills.
Coking coal prices have gained [...]
