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India Globalization Capital Announces Two New Iron Ore Contracts Valued at $3 Million
India Globalization Capital, Inc., a company competing in the rapidly growing materials and infrastructure industry in India, today announced it was awarded two new Chinese iron ore supply contracts valued at $3.0 million. The orders total 60,000 metric tons of medium-grade iron ore, or 56-grade.
Mining Companies and Mining Industry Make It Plans To Growth
Following QBR’s report on financiers being hit-hard by the economic crisis, IBISWorld reports that mining is yet another of its top-10 industries to feel the repercussions of a market collapse.
Brazilian Biggest Mining Company, Vale Launches Construction of Coal Mine Exploration Project in Mozambique
Brazilian mining giant Vale on Friday launched the construction of a $1.3 billion coal project in northern Mozambique, with the capacity to produce 11 million tonnes of coal per year.
Mining Exploration and Commodity Trends in 2009
The year 2008 is coming to an end on a positive note for commodities sector as it continues to outperform equities and other financial investment options. In India, commodities sector led by oil, mining and metals have been found to be the greatest wealth generators beating IT sector and real estate in the game.
UK firm plans to invest $40 billion at iron ore, coal mine exploration sectors in India
London-based mining group Anglo American Plc plans to invest USD 40 billion across its global operations, including India’s iron ore and coal sectors, a senior company official said here Thursday.
“In India, we are interested in business opportunities in minerals
like iron ore and coal,” Russell King, chief strategy officer of Anglo American told reporters on the [...]
World Mining Companies Worries Development Of Global Recession
Investors hammered mining and energy stocks on renewed fears a global recession would further slash demand for commodities and after BHP warned Chinese demand was set to weaken.
Slumping metals and oil prices dragged resource shares lower on Wednesday, while miner Rio Tinto Plc dismissed talk it planned to launch talks with suitor BHP Billiton Plc [...]
Rio Prediction Of Negotiation The Price Of Iron Ore Will Increase
Mining giant Rio Tinto Ltd says annual iron ore price negotiations with its customers will become increasingly harder as it moves away from selling the valuable commodity under long term contracts and looks to take advantage of high spot prices.
The company’s iron ore chief executive Sam Walsh told an Australian Institute of Company Directors lunch [...]
BHP Billiton Preview, Expanding Iron Ore Mine Supply Start
In a US version of its annual report released yesterday, the chairman, Don Argus, expressed disappointment in BHP’s recent share price performance.
BHP shares peaked at a record $49.55 in mid-May but have since fallen 27 per cent, although closing 35c higher at $36.40 yesterday amid a volatile market.
BHP BILLITON has painted a bullish view of [...]
Anglo American Increase Pre-tax Profits 19% Iron Ore, Coal and Copper Mine Exploration Project
Higher commodities prices helped Anglo American increase pre-tax profits 19 per cent in the first half, with its iron ore, coal and copper divisions performing particularly well.
Cynthia Carroll, chief executive, gave an upbeat assessment of the outlook for commodity prices and said that demand from China and other emerging markets would outweigh slower demand from [...]
