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China Shenhua Energy to Continue Bid Coal Exploration Projects in Tavan Tolgoi, Mongolia
China Shenhua Energy Co Ltd said it is still in the running for a stake in Mongolia’s massive Tavan Tolgoi project, adding a new twist in the long-running tussle for what has been billed the world’s largest untapped coking coal resource.
Shenhua’s President Ling Wen’s comments on Tuesday came after Mongolia said it had cancelled the [...]
Australian Iron Ore Producer, Atlas Iron Would Sell 70 Percent Stake In Iron Ore Mines Ridley
Steel maker China, India, Korea and Japan are interested in buying stakes iron ore mine owned by Australian iron ore producer, Atlas Iron Ltd. Purchasing stakes iron ore mines in order to anticipate competitive iron ore demand from steel manufacturers of the world.
Gold Prices Increase To in London as China Increase Gold Mine Reserves and Prodution
Gold rose to a three-week high in London, heading for its first weekly gain since March, after a report that China’s reserves of the precious metal increased 76 percent since 2003.
Vedanta Group, Mining Companies Golden Steps in Mining and Metal Industry
India’s Vedanta group is scripting a success story in mining sector with its brave decisions to acquire new companies even though the global meltdown has wreaked havoc in metal sector.
China Cut Demand Prices Brazilian and Australian Iron Ore Shipment
China’s steel producers will demand price cuts of around 40% for Brazilian and Australian iron ore to be delivered starting April, according to a Chinese newspaper report, but analysts doubt prices will drop that much.
Request Of Mining Exploration Products In The Future
Coal Attracting Overseas Buzz
Overseas metal and mining companies are eyeing a number of US coal companies as strong demand for steel around the world has resulted in higher prices and short supply for the coal used in steelmaking.
Indian and Russian firms in particular are looking to snap up assets in order to gain a foothold [...]
Canada Mining Exploration Company Shift Away From Metal Mine Exploration to Coal Mine Exploration
Canada’s biggest diversified mining company has made a major shift away from metals to coal.
Teck Cominco Ltd.’s $14-billion (U.S.) offer for Fording Canadian Coal Trust – the largest coal sector deal in history – amounts to a major bet by Teck on continued strength for the commodity, which is used to make steel and is [...]
Mining Exploration Companies Competition Review, Rio Tinto and BHP Billiton Mine Exploration Result Sale
European Union antitrust regulators widened a probe of the BHP plan earlier this month saying they have “serious doubts” about a combination that would control more than a third of the world’s iron ore, the main ingredient in steel. Metals prices dropped 15 percent since March on concern that growth in China, India, the U.S. [...]
Condition Of Commerce Of Mining Exploration Sector, Gain Of Massey Merger On US Coal Mine Exploration
Taker over mine company Alpha Natural Resources Inc. by Cleveland-Cliff equal to $10 billion is an the biggest acquisition process in coal industry.
While the worldwide bear market slowed mergers and acquisitions by 35 percent in the first half of the year, takeovers of energy and mining companies jumped 33 percent so far this year as [...]
