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Essar Group Plans To Acquire Coal Mining Assets In South Africa
India is a coal export destination countries that are always growing. Every year India increased coal demand. Essar Group is a mining company that helps fulfill the coal supply in India. Every year Essar supply 6 million tons of coal. The Company has a contract with the Indian government to supply coal for 25 years.
Essar Seeks Coal Assets In South Africa
Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of Essar Group said that South Africa is one of the world’s top coal exporters, and India is a growing export destination.
Gold Producer Riozim Plans Increase Gold Production From 60 Kg To 80 Kg Per Month
Zimbabwean mining company RioZim plans to ramp up gold production to 80 kg a month from the current 60 kg at its Renco mine by the end of the year, the company’s managing director said on Tuesday.
RioZim, previously owned by Rio Tinto , operates Renco gold mine in southern Zimbabwe and is a 22 percent [...]
Steel Companies Expect Iron Ore Prices Increase 50 pct
Iron ore prices have fallen 33 per cent, coking coal prices have gone down 60 per cent.
Steel companies can finally breathe easy. At least three companies — JSW Steel, Ispat Industries and Essar Steel — are likely to enter into long-term raw material purchasing contracts soon and the savings on input costs could be as [...]
Delta Mining Corp. Consider To Bid Iron-ore Mine project in Liberia
Liberian president Ellen Johnson-Sirleaf said in February Delta won the $1.6 billion tender to develop the iron-ore project, including a mine, pelletising plant and infrastructure. Planned production is expected to be 5-million tons a year each from the Mno River and Bomi deposits and 10-million tons a year from the Bea deposit.
Mooiplaats Thermal Coal Mine Project Final Negotiations
Coal of Africa Limited has finalized negotiations with the contract miner for its Mooiplaats thermal coal project and expects mining at the operation to get under way before year end. It has secured all the necessary mining equipment and infrastructure, with the first continuous mining machine scheduled for deliver this month.
CoAL said that the wash [...]
Nigeria Expand and Develop Mineral Mine Exploration Make Regulation for Mining Exploration
Federal Government has identified seven minerals for national development, inister of Mines and Steel Development, Chief Sarafa Isola, said in Abuja yesterday.
He told the News Agency of Nigeria (NAN) that the minerals were Gold, Lead/Zinc, Barite, Bitumen, Limestone, Coal and Iron Ore. Isola said that Nigeria was well-endowed with myriad of solid minerals, but that [...]
South Africa Make Strategy for Gold Mining Exploration
South Africa is particularly rich in mineral resources and is one of the leading raw material exporters in the world. Rightly so, South Africa can produce all the minerals necessary for her economic independence. Gold, diamonds, platinum, chromium, manganese, uranium, ire ore and coal make up 60 % of it’s main exports. The country is [...]
Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
