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Low spot iron ore and coking coal prices should benefit NMDC and JSW Steel
Historically, the commodity cycle follows the economic cycle and this time is no different. The liquidity crisis and its cascading effect on real economies across the world have pulled down prices of commodities, including iron ore and coking coal.
Australian Coal Mining Development Company, CoAL Expands Mooiplaats Coal Mine Project
Australian coal development company Coal of Africa Limited (CoAL) has started additional production-related drilling, as well as drilling to identify the site for the second decline shaft, on the farms neighbouring the company’s Mooiplaats coal project, in South Africa’s Mpumalanga province.
Mining Exploration Company Agreement, BHP Billiton About Agreement Of Rio Tinto And Company Produce Of Mine China
As reported on some few days ago, rio tinto has done contract hand marker the price of iron ore with China company steelmaker to increase price of 96.5%.
Today BHP Billiton gives statement relating to production and exploration BHP Billiton and about agreement made by Rio Tinto and company produce of mining products China.
BHP Billiton [...]
Uranium Focused Energy Fund – Offering of units with warrants
Middlefield Group, on behalf of Uranium Focused Energy Fund (the “Fund”), is pleased to announce that the Fund has filed a preliminary prospectus with respect to an offering of Combined Units. Each Combined Unit consists of one Unit of the Fund and one transferable Unit purchase warrant exercisable at a price to be based on [...]
Utah Oil Promising Alternative Oilfield Source
Years of rising energy demands have significantly depleted traditional and easily-acquired energy resources, even as large deposits of unconventional resources have remained undeveloped due to the high expense and complicated technology involved in extracting them. But with the price of crude oil and gasoline up and supply shrinking, nontraditional resources are being seriously considered as [...]
Renewable energy developments in Texas
Shell WindEnergy Inc. and Luminant, a subsidiary of TXU Corp., announced today a joint development agreement for a 3,000-megawatt wind project in the Texas Panhandle and to work together on other renewable energy developments in Texas.
Shell and Luminant will also explore the use of compressed air storage, in which excess power could be used to [...]
NovaGold Second Quarter Financial Results and Project Update
NovaGold Resources Inc.today announced its financial and operating results for the three months ended May 31, 2007, along with an update on the Company’s project development activities. Details of the Company’s financial results are described in the unaudited consolidated financial statements and Management’s Discussion and Analysis which, together with further details on each of the [...]
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 [...]
South Africa: Mining Sector Profits Up 64 Percent
A report by PricewaterhouseCoopers, ‘Mine – Riding the wave’, shows that 2006 was another spectacular year for the global mining industry with net profits rising by 64 percent. They are now 15 times higher than their 2002 level while return on equity reached 33 percent compared to 26 percent in 2005. It also finds that [...]
