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Pike River Coal Company Reported Coking Coal and Coal Mine Production To March 31, 2009
Pike River Coal Limited has made good progress with restoring ventilation to its hard coking coal mine following a rockfall in February 2009. Coal production with one of the continuous miner machines is to recommence at the start of May 2009, once reaming and lining of a 600mm diameter ’slimline’ hole is completed.
Global Steel Producer Cut Production, Iron Ore Mine Prices Likely To Decline
According to the latest Fitch Ratings report, iron ore prices are likely to decline by 15% to 20% in 2009 on falling demand from global steel producers because of production cut.
Coal Mining Exploration Forecast Probably not so hot anymore
The recent drop in the market price of coal from its record levels earlier this year will adversely impact earnings of Indonesian coal producers. Based on this factor, going forward, we expect weaker coal prices in line with the downtrend in oil prices, while higher supplies are expected on China’s higher exports as domestic consumption [...]
Demang of Potash-mining Will Come Up to Request Coal-mining
It’s like coal-mining,” BHP Billiton CEO Marius Kloppers says of potash-mining.
Demand for potash has surged, driving prices into orbit, after the market spent the last three decades in surplus, with the last new mine being built more than 20 years ago.
Kloppers says that, just like coal-mining, a continuous miner is installed and basic board-and-pillar mining [...]
Iluka Resources Iron Ore Mine Exploration Report
It is reported that Iluka Resources, which already owns a lucrative royalty over production from BHP Billiton’s Mining Area C iron ore mine, is quietly advancing plans to sell its own iron ore stockpiles.
Iluka produces about 300,000 tonnes of iron ore a year from its mineral sands operations and has about 4 million tonnes of [...]
Mechel Reports 2007 First Quarter Financial and Production Results
- Revenues of US$1.4 billion -
- Operating income of US$327.7 million -
- Net income of US$205 million, US$1.47 per ADR or US$0.49 per diluted share -
Mechel (Nachrichten) OAO (NYSE: MTL), a leading Russian integrated mining and steel group, today announced financial and production results for the first quarter ended March 31, 2007.
US$ thousand 1Q 2007 [...]
Denison Makes a New Bid to Acquire OmegaCorp Limited
Denison Mines Corp. (”Denison”) (TSX:DML)(AMEX:DNN) is pleased to announce a new takeover offer to acquire all of the remaining shares of OmegaCorp Limited (”OmegaCorp”) (ASX:OMC) (including any shares issued on exercise of an option issued in OmegaCorp) that Denison does not already own at a price of AU$1.30 per share, for a total consideration of [...]
Exploiting Uranium Price Market Inefficiencies
Because of rapid developments in the uranium sector over the past three years, the market place continues attempting to digest all the news and adjust accordingly.
In a June 2003 utility PowerPoint we recently reviewed, it became evident to us that U.S. utilities were later ambushed by unforeseen developments then entering the markets. According to the [...]
Miners Lobbied US DOE to Revive Uranium Price
During the uranium bull markets of the 1950s and the 1970s, it was the United States Government’s policies which stimulated uranium production. Both actions were followed by multi-year rallies and brought about then-historical uranium price peaks. Each of the previous two bull markets ended when the federal government changed the existing policy.
