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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.
Fortescue Wants To Be Iron Ore Producer Company In Australian
Fortescue plans will do perluasaan in produce of iron ore. To support plans the company will invesment for defrayal of $1.6 billion. Fortescue Metal Group Plans to become the biggest iron ore producer in Australian.
Chief Executive Officer Andrew Forrest, said on conference from Perth “funded only from a portion of our free cash flow with [...]
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 [...]
Request Of Mining Exploration Products In The Future
Coal Attracting Overseas Buzz
Overseas metal and mining companies are eyeing a number of US coal companies as strong demand for steel around the world has resulted in higher prices and short supply for the coal used in steelmaking.
Indian and Russian firms in particular are looking to snap up assets in order to gain a foothold [...]
Xstrata Copper and Gold Mining Project in the Philippines US$2bn
Global mining group Xstrata, which has coal and alloys operations in South Africa, on Wednesday confirmed that its US$2bn Tampakan copper and gold mining project in the Philippines had been raided and two buildings had been torched.
Communist rebels representing the New People’s Army claimed responsibility for the raid, saying its singular objective was “punishing [...]
Uranium Funds Points to Near-Term U3O8 Price Decline
Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months [...]
China Reaches To Peru For Copper
One of the last remaining pure-play copper companies has received a takeover bid from metals-hungry China. Aluminum Corp. of China, is trying to buy the Vancouver-based Peru Copper for $792 million in the wake of the apparent failure of another bidder to make a higher offer.
Peru Copper (amex: CUP – news – people ) said [...]
Erdene Announces Start of Resource Delineation Drilling on the Zuun Mod Molybdenum Project
Erdene Gold Inc. today announced that it is commencing its 2007 drilling program at its wholly owned Zuun Mod molybdenum project in Mongolia based on advice from Minarco Asia Pacific Pty Limited (”Minarco”), who have recommended a two-stage delineation drilling program. The company has signed contracts with drilling, surveying and logistical companies with two [...]
South Africa: Why Country is China’s Africa Favourite
THE acquisition late last year by Larry Yung Chi Kun, the son of former Chinese vice-president Rong Yiren, of an $800m slice of the South African company Anglo American sent shock waves through the international business community. Suddenly, as Kun became the fifth-richest man in SA, the world realised that China’s communists had become the [...]
