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China to Invest Billions Dollars in Canadian Mining Company
One of the Asian economic superpower, China secretly increase investment in Canadian mining company. China investments through the purchase of Canadian mining company shares. China Investment Corp. already has a gold mining company shares Canadian Kinross Gold Corp. (K-T17.87-0 .68-3, 67%) and Potash Corp. of Saskatchewan, (POT T109.34-1-.71-1, 54%).
Coal India To Open Cooperation With Other Companies To Develop A Coal Mine Blocks
Some time ago Steel Authority of India Ltd (SAIL) and Tata Steel on the government’s request to allocate a block of Indian coal mines managed by CIL.
Chairman of Coal India Ltd. (CIL) said, little was ready to develop coking coal blocks together Tata Steel. Coking coal blocks to be developed in conjunction with a small [...]
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 [...]
China Overseas Iron May Meet 20% of Needs by 2015
China may double the proportion of domestic iron-ore demand supplied by Chinese-owned mining assets abroad to about 20 percent in five years as the country’s steelmakers step up acquisitions, Goldman Sachs JBWere Pty’s Paul Gray said.
China’s Coal Supply Dropped 3 Million Metric Tons Per Month
Accidents at coal mines in China resulted in China’s coal supply decreased 3 million metric tons per month. The decline affects the supply of coal in China’s coal consumption to 5 percent. China’s coal supply is used to support the growth of steel making industry. Government of China will take steps to close a number [...]
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 [...]
Arcelormittal Plan In Cooperation With China Steel Companies
ArcelorMittal is the largest steel producer in the world. In addition as the largest steel producer, ArcelorMittal also has a part of the company that conducted exploration iron ore mine.
Rio Tinto 15 pct Falls Iron Ore Mine Production, Expect Iron Ore Mine Demand From Chinese Steel Industry
The rising toll of the global slump and downturn in commodities, is hitting Rio Tinto. And, as is usual in the north of Australia during the wet, the weather played its part again. The world’s third biggest miner revealed yesterday in its March quarter production report that first-quarter iron ore output fell 15% after floods [...]
China Steel Company May Boost Coking Coal Import After International Coal Mine Prices Dropped
China, the world’s largest steelmaking nation, may boost coking coal imports after international prices dropped, a research company said.
