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Brazilian Mining Company, Vale Begins To Develop Coal Mine Project in Tete, Mozambique
Brazilian major diversified miner Companhia Vale do Rio Doce (Vale) has started development of its $1,3-billion Moatize coal project in Tete province, Mozambique. Production is scheduled to start in December 2010.
Mining Exploration Result Demand Slowdown, Nickel, Zinc, Copper Fall as Slumping Demand Boosts Inventories
Nickel, zinc and copper fell as a global economic slowdown weakened demand for industrial metals used in manufacturing and construction.
Guinea and Chinese Discuss Mining Exploration and Infrastructure Investment
Guinea and China are discussing a deal which could see billions of dollars of Chinese investment in return for mining rights in the West African country, which has a third of the world’s bauxite, a Guinean minister said.
A delegation including officials from the Chinese Development Bank recently spent a week in Guinea and is due [...]
Tension in Bolivia, Africa to lift metals
Copper prices were buoyed on Friday by the prospect of a strike at a Peruvian mine, while Bolivia’s leftist president Evo Morales has put a shudder through the mining industry by nationalising Glencore’s tin, zinc and lead operations there.
The trend for governments to take advantage of the windfall profits being generated by miners is continuing, [...]
Nickel hits new record high, lead up 6.1 pct
Nickel prices soared to a new record high on Monday on buying by investors who expect prices to rise due to low stocks and supply shortages, analysts said.
Lead was up on strong demand and aluminium held firm on supply worries, while copper slipped on a rise in stocks.
Nickel for delivery in three months on the [...]
World’s largest miner to plough $150m into African minerals exploration in 2007
Resources giant BHP Billiton has identified sub-Saharan African and the former Soviet Union as prime exploration territories as it seeks to sustain a strong project pipeline capable of securing long-term supply, particularly for the increasingly resources-hungry developing world.
CEO Chip Goodyear believes demand for mine- ral resources will continue to remain strong, possibly for decades, led [...]
