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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.
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
Mining Companies Can’t Stop Mine Production as Demand Global Industy Growth
The world’s biggest mining companies are cutting expansion plans by about $200 billion as prices of metals, demand from factories and funding for projects collapse.
Anglo American Delay Iron Ore Mine Exploration Project and To Reduce 40% Platinum Production
Anglo American Plc, the world’s biggest platinum producer, may cut spending plans for next year by more than 40 percent, reduce platinum output and delay iron- ore projects as metals prices sink.
Two Biggest Mining Companies After Merge, An Ambition Becomes The Biggest Mine Company In World
Marius Kloppers is determined to win his $127bn battle to merge BHP Billiton and Rio Tinto, but must beat regulatory hurdles – and Rio’s opposition. Ruth Sunderland met a late starter who could become one of the globe’s most powerful men.
Marius Kloppers, chief executive of mining giant BHP Billiton, could be the patron saint of [...]
New Investment for Mining Exploration Project in Senegal, ArcelorMittal to Develop Iron Mines in Faleme
Developing mine exploration sector in sinegal hardly less, therefore government sinegal does some efforts that the investors and mine company will do investment on mining exploration in sinegal. This effort not solely for mine exploration, but investment done at mine exploration sector is expected to opens opportunity to get work for public Sinegal. Investment done [...]
BHP seeks to build £170bn mining superpower
Rio Tinto confirms biggest takeover move since dotcom boom.
The world’s largest mining group, BHP Billiton, is seeking to take over its rival Rio Tinto in a deal that would catapult it to a market valuation of about $360bn (£170bn), bigger than Microsoft and equivalent to the gross domestic product of Ukraine.
After weeks of market rumours, [...]
ata wants to mine South Africa’s chrome, manganese, coal and iron-ore
A new Indian force is about to enter the South African mining industry.
Indian diversified industrial giant Tata has announced that its sub-sidiary, Tata Steel, is investigatingopportunities to mine chrome, manganese, coal and iron-ore in South Africa.
The announcement was made at the official inauguration of theconstruction of Tata Steel’s R670-million high-carbon ferrochrome plant in the port [...]
