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Gold Mining Company New Gold Reported Gold Production In The Third Quater 2009 Increased 16 Percent
New Gold Inc. today announced unaudited financial and operational results for the third quarter ended September 30, 2009. Gold production was 79,531 ounces in comparison to 68,801 ounces in the same quarter in 2008. Earnings from mine operations increased by 67% to $22.6 million from $13.5 million in the third quarter of 2008.
Mining Company Vale SA Signed Contract With Saudi Basic Industries Corporation
Saudi Basic Industries Corporation (SABIC) signed a cooperation contract with the mining company Vale SA for 10 years. Vale SA will supply DRPs to factory SABIC. Contractual agreements between the two companies, Vale will supply 3.3 million tons of DRPs.
Rio Tinto Group Estimates Iron Ore Production Rose 7.5 Percent
Largest mining company Rio Tinto would predict an increase in iron ore demand from steel makers. Therefore, Rio Tinto will increase iron ore production of 7.5 percent. Rio Tinto iron ore will produce up to 210 million to 215 million metric tons in the second and third quarters. Production of iron ore was sourced from [...]
British Mining Company Rio Tinto Reported Iron Ore Production In The Third Quarter Increased 12 Percent
UK’s biggest mining company Rio Tinto reported iron ore production until the third quarter increased 12 percent from last year. Increased production of iron ore produced from the combination of two mining company Rio Tinto. Two mining companies combined yaiut Plc and Rio Tinto Ltd. Rio Tinto.
Gold Mining Company, Newmont Anounced First Gold Production In Boddington Gold Mine
Newmont Mining Corporation announced today the first gold pour at its Boddington mine in Western Australia. In addition, the Company has trucked its first shipment of copper concentrate from the mine to the port in Bunbury. The event marked the commencement of gold production at Boddington after the first production of copper concentrate in August.
Glencore’s Zambia Unit To Keep Copper Mines Running
Zambia’s Mopani Copper Mines (MCM), a unit of Swiss firm Glencore International AG, said on Monday it had reversed a plan to suspend output at its copper mines due to an uptick in prices and falling production costs.
MCM, Zambia’s second largest mining company, said in March it planned to suspend operations at its Nkana underground [...]
Glencore’s Zambia Unit To Keep Copper Mines Running
Zambia’s Mopani Copper Mines, a unit of Swiss firm Glencore International AG, said on Monday it had reversed a plan to suspend output at its copper mines due to an uptick in prices and falling production costs.
Australian Gold Mine Producer, Medus Mining Increase Funds To Gold Mine Exploration Project
Australia’s Medusa Mining, Ltd. has allotted more funds this year to explore adjacent areas in its gold mine in northeastern Mindanao, following the discovery of a new gold prospect.
In a disclosure to the Australian bourse, the miner said yesterday that around A$17 million would be spent for exploration projects in the fiscal year 2009-2010 that [...]
African Rainbow Minerals, Allocate R8 Billion Mining Investment In Zimbabwe
African Rainbow Minerals, a mining company based in the South African, mining investment plan worth R8 billion in Zimbabwe. Mining investment in Zimbabwe is a significant investment option because of the growth of the mining sector in Zimbabwe has a bai prospects. Mining investments done because ARM requires exploration of mines platinum, manganese, iron ore, [...]
