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Rio Tinto 15 pct Falls Iron Ore Mine Production, Expect Iron Ore Mine Demand From Chinese Steel Industry
The rising toll of the global slump and downturn in commodities, is hitting Rio Tinto. And, as is usual in the north of Australia during the wet, the weather played its part again. The world’s third biggest miner revealed yesterday in its March quarter production report that first-quarter iron ore output fell 15% after floods [...]
Xstrata Purchase Prodeco Coal Approve, Investor Protest Sign Agreement Coal Mine Deal
Shareholders in Xstrata approved its £4.1bn ($5.9bn) rights issue on Monday, but there was a sizeable protest vote against its $2bn acquisition of Colombian coal assets from Glencore, its biggest shareholder.
South Africa Coal Mine Develop, Strategic Natural Resources Plans Increase Coal Mine Export
South Africa coal developer Strategic Natural Resources confirmed today that it is making progress in securing revenue avenues for its Elitheni coal mine on the Eastern Cape.
Coal Association Investigation Sale of Coal Mine Rights
The Jefferson County Board is investigating selling about 7,000 acres of mineral rights held by the county and throwing in with the Dodds Pendleton Coal Association.
South African Coal Mining Holdings To Invest R200-million to Load Coal Faster
New coal producer South African Coal Mining Holdings (SACMH) is poised to pluck the fruits of a R200-million investment in faster coal loading to match new ton-per-hour train tariffs.
“If you load your trains faster, you save money; if you don’t, it’ll cost you,” says upbeat SACMH CEO Karl Gribnitz, who will open the modern new [...]
Zimbabwe: Chinese Pull Out of IDC
A CHINESE investor has pulled out of the Industrial Development Corporation (IDC)’s gas extraction project in Lupane citing unclear policy on mining and government’s constant interference in operations.
Lupane Gas was formed in 2001 by government, with IDC as the implementing agency, to embark on coal bed methane exploration.
The Chinese company engaged under government’s National Economic [...]
Homegrown Coal Technology
Drilling process developed in W.Va. now commonplace in mining industry.
Ten years ago, a group of engineers with U.S. Steel Mining Co. Inc. started working on a new method for extracting methane from coal beds.
Their goal was simply to remove methane from the coal bed in a more efficient and safer manner. They ended up with [...]
Sherritt’s plans for $1.5B coal strip mine raise questions
Residents of East Central Alberta are about to see their landscape drastically change in the next five years.
On Monday, Sherritt announced the final Terms of Reference and made available their Public Disclosure Document for the Dodds – Round Hill Coal Gasification project.
This Project will be located approximately 80 kilometres southeast of Edmonton just south of [...]
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 [...]
