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PTC India Plans Joint Ventures for Coal Mining Assets
PTC India Ltd., the country’s largest power trader, plans to form joint ventures to buy stakes in mining projects abroad to help secure fuel supplies for Indian power producers who face coal shortages, its chairman said Monday.
New-Delhi based PTC plans to buy coal assets with overseas and Indian companies in Indonesia and Australia and may [...]
President of Mozambique Visit World Largest Open Cast Iron Ore Mine at Carajas, Brazil
Mr Armando Guebuza president of Mozambique visited the world’s largest open cast iron mine at Carajas in the Brazilian province of Para.
The mine is operated by the Brazilian mining giant Vale which has won a concession to run an open cast coal mine at Moatize in the western Mozambican province of Tete. The iron mine, [...]
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.
Coal India Acquition Two Blocks Coal Mine Exploration at Motaize Mine in Mozambique
Coal India has obtained concessions for two coal blocks namely A-1 and A-2 at Moatize (in Tete Province) from government of Mozambique.
India Mining Industry Sector Plans To Buy Coal Mine in Australia, US and Mozambique
India may buy coal mines in the U.S., Australia and Mozambique to meet increasing demand for the fuel from domestic users, said Santosh Bagrodia, junior coal minister.
The South Asian nation plans to allot more coal mines to private companies for captive mining and is seeking partners to reopen 18 mines to help boost local production, [...]
Analysis Industry Steel And Fluctuation Of Demand And The Price Of Steel Sale
Citinank analysts, steel consumption is likely to grow but at a moderate pace over the next two years.
While contract prices have declined given the recent fall in international prices, they are still higher on a year-on-year basis.
Meanwhile, domestic steel companies are likely to continue acquisitions abroad, focusing on the mining sector, in an effort to [...]
Mozambique Reports Mining Exploration and Mining Industry Sector Q3 2008
The mining industry of Mozambique is forecast to log an average growth of 9.2% during 2008-2012 and be valued at US$0.38bn in 2012.
The outlook for Mozambique’s mining sector remains bright, with the national director of Mining Resources, Fatima Momade, stating that the mining and oil sectors should be the primary drivers behind GDP growth hitting [...]
India Steelmaker Company, Tata Steel Bought 7.29% Stake Riversdale Mining
India’s largest private sector steel producer TATA STEEL has bought 7.29 per cent additional stake in Australia-based RIVERSDALE MINING for a sum of US$120.7 million, through its Singapore subsidiary. Tata Steel’s Singapore-based subsidiary TS GLOBAL MINERALS HOLDINGS purchased 13,705,000 shares, representing 7.29 per cent stake in the Australian firm, which owns coal blocks in [...]
Mining Exploration and Oil Sector Driver Behing GDP Growth in Momzambique
Mozambique government targets in the year 2010, 15% earnings of economics Mozambique stems from mining exploration and development sectorl. Therefore government mozambique gives full backing at activity of exploration and invesment at mine sector.
Following is growth report of exploration of mine in Mozambique during 2008,
The national director of Mining Resources, Fatima Momade, reported :
July [...]
