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Iron Ore Mine Demand Drops, Mitsui Delay Iron Ore Ship Orders
Mitsui O.S.K. Lines Ltd., the world’s largest operator of iron-ore vessels, halted new orders for the ships as demand for steel drops.
China Iron & Steel Company Candidate Expansion Pilbara Iron Ore Project
Hunan Valin Iron & Steel has pipped China’s largest steelmaker, Baosteel, as the leading candidate to fund a $3billion-plus expansion of the Fortescue Metals Pilbara iron ore project.
Canada Mining Exploration Company Shift Away From Metal Mine Exploration to Coal Mine Exploration
Canada’s biggest diversified mining company has made a major shift away from metals to coal.
Teck Cominco Ltd.’s $14-billion (U.S.) offer for Fording Canadian Coal Trust – the largest coal sector deal in history – amounts to a major bet by Teck on continued strength for the commodity, which is used to make steel and is [...]
Flooding at Canada Uranium Mine Is Tied to Blasting by Cameco
Cameco Corp. announced at 2:11 a.m. on Oct. 23 that its Cigar Lake uranium mine in northwest Canada had flooded after a “rock fall,” jeopardizing the world’s richest undeveloped source of nuclear fuel.
In the six months since, Cameco has said little about the circumstances behind a disaster that will delay production at its $25.5 billion [...]
Flooding at Canada Uranium Mine Is Tied to Blasting by Cameco
Cameco Corp. announced at 2:11 a.m. on Oct. 23 that its Cigar Lake uranium mine in northwest Canada had flooded after a “rock fall,” jeopardizing the world’s richest undeveloped source of nuclear fuel.
In the six months since, Cameco has said little about the circumstances behind a disaster that will delay production at its $25.5 billion [...]
Archpelago’s gold plant arrives on site at Toka Tindung project in Indonesia
ARCHPELAGO’S GOLD PLANT ARRIVES ON SITE AT TOKA TINDUNG PROJECT IN INDONESIA
• Ex-Barrick Gold Plant Ready For Installation
• Foundation Works Continuing
• Pre-Stripping Operations To Begin In April
Archipelago Resources plc (AIM: AR.) has received the processing equipment purchased from Barrick in Chile on site at the Toka Tindung gold project in Sulawesi, Indonesia. The plant, weighing [...]
Archpelago’s gold plant arrives on site at Toka Tindung project in Indonesia
ARCHPELAGO’S GOLD PLANT ARRIVES ON SITE AT TOKA TINDUNG PROJECT IN INDONESIA
• Ex-Barrick Gold Plant Ready For Installation
• Foundation Works Continuing
• Pre-Stripping Operations To Begin In April
Archipelago Resources plc (AIM: AR.) has received the processing equipment purchased from Barrick in Chile on site at the Toka Tindung gold project in Sulawesi, Indonesia. The plant, weighing [...]
Indonesia’s Riches Draw China, India
When it comes to energy and industrial commodities, China and India are Asia’s fiercest competitors. For the last couple of years, both Chinese and Indian companies have done deals across the globe — from Latin America to Africa — to win oil exploration rights or secure long-term raw material contracts.
Now they have set their sights [...]
Tata Steel raises Corus bid to $9.2B
The deal would be India’s largest-ever foreign takeover, and create the world’s fifth-largest steelmaker.
India’s Tata Steel raised its bid for Anglo-Dutch steelmaker Corus to an agreed 4.7 billion pounds ($9.2 billion) on Sunday as it seeks to head off a potential counter bid from Brazil’s CSN.
The new cash offer, 500 pence per Corus share, is [...]
