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Mining Sector Future at South Africa Mine : Mining Exploration and Mining Industrty Sector Report First Quarter 2009
The combined effects of the global economic crisis, plummeting commodity prices and an earlier power crisis have greatly impacted the South African mining sector.
Australian Contract Price Iron Ore and Coking Coal Export to Halve as Chinese Growth Slumps
The crisis and the effects on the domestic economy are expected to deepen as commodity prices fall because of reduced global demand.
Coal Mining Exploration Forecast Probably not so hot anymore
The recent drop in the market price of coal from its record levels earlier this year will adversely impact earnings of Indonesian coal producers. Based on this factor, going forward, we expect weaker coal prices in line with the downtrend in oil prices, while higher supplies are expected on China’s higher exports as domestic consumption [...]
coal-mining companies shares fall on output cuts
Shares of coal-mining companies pulled back Thursday as investors worried about the effects of slowing steel production amid a weakening price environment.
Steel manufacturers have announced up to a 20 percent drop in production, which likely will reduce demand for coal, analysts said.
Mining Exploration Area High Risk In Nigeria
Radioactive materials in abandoned mining fields in central Nigeria’s Plateau state pose a serious health hazard to two million people, officials said Saturday.
“Around two million people now live and farm close to the mines, which means they are all at risk from the harmful effects of the radioactive emissions from the mining fields,” Plateau [...]
CNX Gas Leases CBM Acreage from Massey Energy
Deal Encompasses Approximately 20,000 Acres.
CNX Gas Corporation has agreed to lease approximately 20,000 acres in southwestern Pennsylvania from a subsidiary of Massey Energy Company. CNX Gas and the Massey subsidiary will jointly develop the property pursuant to an operating agreement, with CNX Gas serving as the operator and majority working interest partner. The project is [...]
U.S. calls Canadian coal mine a threat
The Bush administration is challenging a coal mine proposed in British Columbia, saying it poses an environmental threat that could extend south of the border.
The mine that Cline Mining Co. proposed just north of Glacier National Park could cause “significant adverse environmental effects” in the United States, the U.S. State Department said in a letter [...]
