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Transnet to Increase Capacity of Coal Rail Line Up To 91 Million tonnes
South Africa’s logistics group Transnet could raise the capacity on its coal rail line to 91 million tonnes in five to six years from 70 million, if the private sector helps foot the bill, its head said on Thursday.
Acting Chief Executive Chris Wells said the cost for the expansion would be “significant” and the company [...]
Barrick Gold Operation Continued Bulyanhulu Gold Mine in Tanzania
Bulyanhulu gold mines had closed several days due to a fatal accident, three miners trapped 900 feet below ground and can not be saved. Bulyanhulu gold mine is a gold mine operated African Barrick Gold. But on Friday, African Barrick Gold has announced that the Bulyanhulu gold mines have been operating again.
African Barrick Gold said [...]
BHP Billiton and JFE Steel Agreement Affect Coking Coal and Iron Ore Prices increases 55 percent
BHP Billiton and JFE Steel have agreed on an annual coking coal prices and iron ore prices, thus affecting coking coal prices reach 55%. Agreements have been made by BHP Billiton and JFE Steel are valid for fifteen months, starting in April and June. Agreements made by the largest mining producers and the largest steel [...]
Chinese Return to Market, Iron Ore Spot Prices Up 5 percent
Spot iron ore traded 5 percent higher when Chinese players returned to the market after week-long holidays, market sources said on Tuesday.
Traders reported one Capesize cargo of 62 percent Pilbara iron ore changed hands on Monday at $136 a tonne on a Cost Insurance Freight China basis, while a 50,000-tonne cargo of Indian material grading [...]
Australia-based Mining Company IRL to Develop Biharinath Coal Mine, West Bengal
IRL, Australia-based mining company has signed a letter of intent with Bankura DRI to develop and operate coal mines Biharinath. Contract operation and development of coal mines Biharinath will last for 30 years at a cost of AUD $ 500m investment. Biharinath coal mines located in the Indian state of West Bengal.
Hawthorne Gold & Eureka Reported Drilling Results Frasergold Project In British Columbia
Hawthorne Gold and Eureka Resources has completed drilling of sampling Frasergold project in British Columbia. Both companies have filed the NI 43-101 technical report and estimates contained gold deposits in the mine site. Hathorne Gold is preparing the technical steps to continue the exploration project gold deposit in Frasergold mining projects.
Gold Mining Company New Gold Reported Gold Production In The Third Quater 2009 Increased 16 Percent
New Gold Inc. today announced unaudited financial and operational results for the third quarter ended September 30, 2009. Gold production was 79,531 ounces in comparison to 68,801 ounces in the same quarter in 2008. Earnings from mine operations increased by 67% to $22.6 million from $13.5 million in the third quarter of 2008.
Gold Producer Riozim Plans Increase Gold Production From 60 Kg To 80 Kg Per Month
Zimbabwean mining company RioZim plans to ramp up gold production to 80 kg a month from the current 60 kg at its Renco mine by the end of the year, the company’s managing director said on Tuesday.
RioZim, previously owned by Rio Tinto , operates Renco gold mine in southern Zimbabwe and is a 22 percent [...]
The Future System Of Annual Benchmark Iron Ore Price
Iron ore trade system in 2009, is a bad year. Negotiations between producers and importers of iron ore, iron ore walk a lot. Even end up having to involve the court over the case to deliver information that is confidential.
Iron ore price negotiations went a lot because of iron ore importer, China refuse iron ore [...]
