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Tata Steel Celebrates 100 Yrs Of Iron Ore Discovery
Tata Steel this week celebrated 100 years of discovery of iron ore at Joda in Keonjhar district of Orissa.
According to a press note issued by Tata Steel, iron ore at Joda was first discovered by SN Sarma, a geologist with Tata Steel in 1909. From discovery to a sustained holistic development, the saga of Joda [...]
Australian Mining Future and New Investment : China’s Looking For To Buy Mining assets in Australia
Australia said no Chinese companies have been told to withdraw applications to buy into Australian resource firms, despite media reports Canberra was pressuring China to back away from such investment.
China’s miners and steelmakers are looking to buy mining assets in Australia to lock in supplies of raw materials such as coal and iron ore to [...]
London shares lower midmorning; weakness across mining sector; US jobs data due
Leading shares were lower midmorning, with downgrades across the mining sector outweighing further M&A talk among financials, while nervousness before this afternoon’s US jobs data also hit sentiment, dealers said.
By 10.13 am, the FTSE 100 index was down 14.5 points at 6,117.1, while the broader indices were mixed.
Volume was below average, with 416.9 mln shares [...]
Coal Hard Cash for Peabody?
The world’s largest private coal producer has an innovative plan to move into the power business, but environmental groups are up in arms
The U.S. is on the cusp of a coal boom. While record oil prices have fired up interest in renewable energy sources, that other fossil fuel still generates more than half of the [...]
