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The Biggest Mining Company, Rio Tinto Will Accept License Mine Exploration Free Carbon in 2010
The mining multinational Rio Tinto will be the biggest recipient of public support under the Federal Government’s carbon trading scheme, with $462 million in free carbon permits expected to flow to the company in 2010.
New Giant Coal Mine Exploration Company After Merger Cleveland-Cliffs Inc.-Alpha Natural Resources
There’s a new coal mining giant in Appalachia.
Cleveland-Cliffs Inc., the largest producer of iron ore pellets in North America and a major supplier of metallurgical coal, announced it is buying coal producer Alpha Natural Resources in a deal valued at $10 billion.
Cleveland-Cliffs is headquartered in Cleveland, Ohio. The company operates six iron ore mines in [...]
Mining Exploration, Market and Trade Reported
This week crude oil spiked 8% higher Friday into the high $130s; Senator Barack Obama cinches the Dem-Nom; an Israeli official says that bombing Iran’s nuclear facilities looks inevitable; the U.S. unemployment rate pops half a full percentage point to 5.5%; the buck gets thumped despite Bearded Ben’s early-week fireside chat (where he uncharacteristically mentioned [...]
Is the world’s oil boom over?
Understanding the oil market is difficult.
Making reasonable forecasts is almost impossible. That’s why most analysts were surprised by the dip in prices from the Aug. 8 historic high of $79 per barrel to below $60 in recent days. Suddenly the alarmists who foresaw an imminent era of oil scarcity are silent, OPEC is again discussing [...]
