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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.
Coal Mine Producer, Peabody Reported Fourth Quarter Earning 2008
Before market opens on Tuesday, one of the world biggest coal producer, announce reported earning for the fourth quarter and full-year 2008.
Coal Mine Exploration Company, Newcastle Coal Price Drops for a Fourth Week Amid Demand Slump
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, dropped for a fourth week, declining to the lowest in almost 14 months as demand from utilities weakened.
Thunder Bay Top Port Coal Mine Exploration Shipment
Higher Great Lakes water levels, continued strong coal shipments and a windfall of wind turbine traffic all contributed to strong tonnage totals through July, yet Duluth-Superior’s maritime commerce is lagging slightly behind last year’s record-setting pace, the Duluth Seaway Port Authority reported today.
All cargo through July totaled 21 million short tons, 6.5 percent behind 2007, [...]
Australian Mine Exploration, Cameco Corporation Sign Agreement Acquire Uranium Mine Exploration Project at Western Australian
Mining Exploration News, Cameco Corporation has signed an agreement to acquire a 70% interest in the Kintyre uranium exploration project in Western Australia for $346.5 million (US).
A joint venture comprised of Cameco (70%) and Mitsubishi Development Pty Ltd (30%) purchased the Kintyre project from Rio Tinto for $495.0 million (US) through a bidding process. Cameco [...]
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 [...]
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 [...]
Geoandina Mining Corp. Confirms Target Property in Argentina, Cerro Negro
Geoandina Mining Corp., a junior mining company is pleased to announce that it is finalizing negotiations with a potential property 50 miles from the city of Mendoza. The Company has also commenced searching for a more advanced and modern center of operations within the city of Mendoza. The area has an international airport and all [...]
Cigma Metals Corporation Signs Deal in Kazakhstan
Cigma Metals Corporation (Cigma, the Company)(Other OTC:CGMX.PK – News)(Frankfurt:C9KAF.F – News) is very pleased to announce the Company has signed an agreement with Eureka Mining Plc to earn up to 90% of the 14,000 km2 Dostyk project in Kazakhstan. Cigma intends to expand and diversify from its gold operations in Russia to include the Gold [...]
