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Analysist Mining and Industry Sector : China’s Industry Sector Reopen Coal Mine Import After Deal Coal Prices Contract
A months-long dispute between Chinese coal miners and power generators over annual prices has unexpectedly opened the door to rising imports, despite lacklustre demand and a supply glut.
Two Biggest Mining Company, BHP and Rio Tinto : BHP Billiton backs off bid for Rio Tinto
One of the biggest planned mergers in corporate history, between mining groups BHP Billiton and Rio Tinto, was scrapped yesterday after a year of preparation, in a move that spread further gloom about the state of the global economy.
The hostile takeover by BHP was once worth $140bn (£92bn) but the collapse in commodity prices and [...]
Significant Potential For Major New Iron Ore Province
Preliminary field reconnaissance confirms extensive exposure (over 100km) of sedimentary iron ore, with many assays over 40% Iron, and low Phosphorous.
Beneficiation studies planned
Project location on northern edge of the Surat Basin adjacent to large developed gas fields, towns, road, rail and other infrastructure
Potential for local industry integration
Additional applications lodged to cover extra targets
DAguilar [...]
BHP seeks to build £170bn mining superpower
Rio Tinto confirms biggest takeover move since dotcom boom.
The world’s largest mining group, BHP Billiton, is seeking to take over its rival Rio Tinto in a deal that would catapult it to a market valuation of about $360bn (£170bn), bigger than Microsoft and equivalent to the gross domestic product of Ukraine.
After weeks of market rumours, [...]
Why Investors Should Be Interested in Shale Oil
Energy investment swings on the end of a clockwork pendulum. Oil prices high? All the alternative energy sources get funded. Oil prices low? It can wait.
With the continuing unrest in foreign oil producing countries and crude oil prices hanging around the $70/barrel mark, we’re on the investment part of the swing, and it looks like [...]
Troubles Run Deep on Gulf Oil Platform
The day after massive Hurricane Dennis churned through the Gulf of Mexico in July 2005, a commercial vessel traveling past BP PLC’s hulking Thunder Horse oil platform radioed the bad news to its owner: The platform’s top deck was listing into the water.
When a landing party from BP arrived at the platform two days later, [...]
Chavez gets Gold Glove trophy
A’s third baseman Eric Chavez was presented with his sixth consecutive American League Gold Glove Award trophy as part of the pregame celebration of Oakland’s home opener Monday at McAfee Coliseum, and he probably should have had some company in the ceremony.
Mark Ellis in 2006 posted the best fielding percentage in big-league history for a [...]
Soaring costs take shine off oil bonanza
The cost of building and developing offshore oil and gas projects has risen by more than 50 per cent over the past few years, one of the world’s leading energy consultancies has warned. The huge surge in cost has been overshadowed by the record profits the oil majors have generated in recent years.
Last week, ExxonMobil, [...]
Xstrata Nickel on asset hunt
The head of Xstrata Nickel relishes the new directive coming from corporate head office in London.
Acquisitions, expanding operations and developing the business are all on the agenda for the company that houses the former nickel assets of Falconbridge Inc.
Getting bigger is a lot more fun than getting smaller, said Ian Pearce, who was named chief [...]
