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Rio Tinto Group Estimates Iron Ore Production Rose 7.5 Percent
Largest mining company Rio Tinto would predict an increase in iron ore demand from steel makers. Therefore, Rio Tinto will increase iron ore production of 7.5 percent. Rio Tinto iron ore will produce up to 210 million to 215 million metric tons in the second and third quarters. Production of iron ore was sourced from [...]
India Mining Industry Will Reach a Total Value of US$45.40Bn
India is home to a myriad of metals and minerals. Globally, the country is the largest producer of sheet mica, the third largest producer of coal, the fourth largest producer of iron ore and the fifth largest producer of bauxite. Besides these natural resources, India also hosts significant reserves of copper, zinc,
gold and about 26 [...]
China Became the World’s Largest Supplier of Gold, Surpassing South Africa
The China Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on China’s mining industry
Report Mining Company Teck Resource Increased Profit 15 percent
Teck Resources Ltd., Canada’s largest base-metals producer, gained in Toronto after announcing a 15 percent increase in second-quarter profit because of higher coal sales.
Teck rose C$1.25, or 5.1 percent, to C$26 at 4:15 p.m. in Toronto Stock Exchange trading. The shares have climbed more than fourfold this year.
Mozambique Plans To Become Major Coal Mining Companies
Brazilian mining company Vale has launched a US$1.3bn coal mining project in Mozambique.
The new plant is expected to produce 11 million tonnes of coal a year, to be exported to Brazil, Europe, Asia and the Middle East.
KMPG Reported Investment in Mining Exploration and Production in India
The massive infrastructure investment planned by India and China during 2009 could lead to a surge in iron ore prices again even as valuations have reduced as a result of falling prices which have had a knock-on effect on long-term iron ore contracts.
China National Coal Group Plans To Profit and Coal Mine Production in Next 5 Years
China National Coal Group (CNCG), the country’s second-biggest producer of the fuel, plans to almost double its profit and coal production in the next five years.
Consol Energy Reduce Mining Operation at Va. Mine
Consol Energy Inc said on Monday it is reducing operations at one of its mines for at least one month due to the current weak market for steelmaking coal and a water disposal problem at the mine.
NV Energy Postpone Development Coal Fired Power Plant at Ely
NV Energy on Monday announced that it is postponing development of a $5 billion coal-fired power plant at Ely until technology for capturing and storing carbon dioxide pollution becomes commercially feasible, probably for 10 years or more.
