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New Hope of Mining Exploration Sector, Rio Tinto With Iron Ore Asian Customer Agreement Iron Price Increase
Bid increase of iron ore price some times ago finally agreed on by consumer Asian. The increases, ranging from 79.88 percent to 96.5 percent, represent the sixth consecutive annual increase in iron ore prices, as demand for the steel making material soars from China and other developing nations.
The announcement follows news last week that China’s [...]
Philippines Coal Mining Exploration and Producer, Semirara to Expand Coal Capacity
Semirara started exporting coal last year to reduce its dependence on local consumers, such as the country’s largest power generation firm National Power Corp.
This year, Semirara Mining Corpwill to expand coal capacity production and expand market coal export to China, India and Hong Kong to double to 1.6 million tonnes this year.
Total Semirara coal sales [...]
U.K. Coal Mining Exploration and Industry : Advances Bussiness Fivefold on Fuel Prices
U.K. Coal Plc, the nation’s largest producer of the fuel, said full-year profit rose more than fivefold on record prices and a jump in the value of its property holdings.
Net income increased to 94 million pounds ($187 million), or 59.9 pence a share, from 17.5 million pounds, or 11.7 pence, a year earlier, the Doncaster, [...]
O-N Minerals Proposal to Expand Mining Exploration
Nearly two years after Frederick County planners rejected O-N Minerals’ proposal to expand its limestone mining operation in the town, the company is taking another stab at convincing officials to give its rezoning request the go-ahead.
But some local residents remain staunchly opposed.
Representatives from O-N Minerals (Chemstone) held a public hearing at Wayside Inn on Wednesday [...]
Mining and energy lead regional climb
European stocks climbed Monday for a third consecutive session, led by mining and energy companies, after metal prices rallied and oil rose to a record.
BHP Billiton, the world’s largest mining company, and Total, the biggest oil refiner in Europe, advanced. Volkswagen led carmakers higher after Goldman Sachs lifted its price estimate for the stock. Clarins [...]
Coal use grows despite warming worries
Almost nonstop, gargantuan 145-ton trucks rumble through China’s biggest open-pit coal mine, sending up clouds of soot as they dump their loads into mechanized sorters.
The black treasure has transformed this once-isolated crossroads nestled in the sand-sculpted ravines of Inner Mongolia into a bleak boomtown of nearly 300,000 people. Day and night, long and dusty trains [...]
Cullman County coal miner killed in “freak accident”
A coal miner in Cullman County died last week after a non-mining-related accident, authorities said.
Eddie Linton, 59, was killed when a pickup truck backed over him on July 2 at the Twin Pines Coal Co. No. 2 surface mine, said Lt. Phillip Lambert with the Cullman County Sheriff’s Office in a phone interview Tuesday.
“It was [...]
Magplane Technology, Inc. Completes Rare Earth Magnet Assessment in Inner Mongolia
Magplane Technology, Inc. , focused on commercializing proprietary magnetic levitation (maglev) technologies, has completed an initial assessment of the rare earth permanent magnets produced in Inner Mongolia, China. The magnets from Inner Mongolia are the strongest permanent magnets produced world-wide and are used to provide lift and propulsion forces used in Magplane’s passenger and pipeline [...]
Ritchie Bros. Proves Strength in Diverse Industries and Regions With Multi-Million Dollar Unreserved Auctions
Ritchie Bros. Auctioneers, the world’s largest auctioneer of trucks and industrial equipment, conducted more than a dozen unreserved industrial and agricultural auctions in North America, Mexico, Australia and Europe over the past week. The two largest were a US$26 million auction in North East, Maryland and a CA$27 million (US$25 million) auction in Grande Prairie, [...]
