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India Mining Industry Will Reach a Total Value of US$45.40Bn
India is home to a myriad of metals and minerals. Globally, the country is the largest producer of sheet mica, the third largest producer of coal, the fourth largest producer of iron ore and the fifth largest producer of bauxite. Besides these natural resources, India also hosts significant reserves of copper, zinc,
gold and about 26 [...]
Mining Exploration and Commodity Trends in 2009
The year 2008 is coming to an end on a positive note for commodities sector as it continues to outperform equities and other financial investment options. In India, commodities sector led by oil, mining and metals have been found to be the greatest wealth generators beating IT sector and real estate in the game.
Coal and Mineral Industrial Group Plans Increase Coal Production 33.5 million tonnes in 2009
The Coal and Mineral Industrial Group has set itself the target of producing 33.5 million tonnes of coal in 2009.
The total sales target for next year has been set at 36 million tonnes, which includes 2.5 million tonnes stockpiled in reserve stores.
Coal and Mineral Industrial Group Plans Target Mineral Exploration 33.5 million tonnes Coal Mine Production in 2009
The Coal and Mineral Industrial Group has set itself the target of producing 33.5 million tonnes of coal in 2009.
The total sales target for next year has been set at 36 million tonnes, which includes 2.5 million tonnes stockpiled in reserve stores.
Australia Slashed Forecast for Iron Ore Output
Australia slashed its forecast for iron ore output in the year to next July by more than 15 percent as the global steel market withers, suggesting deeper cuts are in store from miners, but made modest reductions in metallurgical coal and copper production.
Rusian Mining Exploration Company, Russia’s Norilsk Nickel Stretches From Arctic to SA, US to Australia
In July 2007, a Canada-domiciled mining company was acquired by a Russian group for $5,2-billion. That company was LionOre, and it had assets in Southern Africa – an 85% share in Tati Nickel, in Botswana, and a 50% stake in Nkomati Nickel, in South Africa.
LionOre’s buyer was the giant Russian mining and metallurgical group, OJSC [...]
Gold mining and environmental opposition both growing in Argentina
Argentina’s gold production could double in the coming years as mines including Barrick’s vast Pascua Lama start operating, but the metals boom faces strong opposition by anti-mining campaigners.
From the snow-capped Andes in the north to the southern Patagonian plains, miners are buying up properties and drilling for gold in the South American country — which [...]
