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Wall Street Has Worst Day in 4 Months
Wall Street had its worst day in more than four months Monday as the dollar weakened and concerns about the strength of the retail industry arose following a rare sales decline at Wal-Mart Stores Inc. The Dow Jones industrials fell 158 points.
Investors were uneasy after the dollar fell for the fifth straight day and after [...]
Cominco makes $14 billion deal in W.Va. for Coal Mine Industry Expansion
A global consolidation of the coal industry is shifting into overdrive.
Mining giant Teck Cominco said July 29 it will buy up all of the Fording Canadian Coal Trust for close to $14 billion in cash and stock. The deal is just the latest in a growing string of giant acquisitions centered on coking coal, a [...]
India Iron Ore Miner Acquire Iron Ore Mining Asset of Dempo Group
India-based iron ore miner Sesa Goa has acquired the mining assets of Dempo Group in the western state of Goa for 17.5 billion rupees ($368 million) to boost its output of iron ore.
Read moreNew Zealand Iron Sands Will Sale to Cheung Kong Infrastructure Holdings
BlueScope’s, New Zealand steel business operates two iron sands mining operations, Taharoa and Waikato North Head, through its subsidiary, New Zealand Steel Mining.
The Taharoa mining operation is a purely export focused business, whilst Waikato North Head is integral to New Zealand Steel’s steel making operations at Glenbrook, and will remain with the company.
BlueScope Steel [...]
Planned Coal-Fired Plant to Get Airing in Southwest Virginia
Proponents of a $1.6 billion coal-fired power plant are eager for the jobs it would create in economically depressed southwest Virginia, while critics worry about its environmental impact.
The Dominion Virginia Power proposal will be the focus of hearings Monday and Tuesday nights by staff of the Virginia Department of Environmental Quality.
The lengthy construction phase of [...]
