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China Shenhua Energy to Continue Bid Coal Exploration Projects in Tavan Tolgoi, Mongolia
China Shenhua Energy Co Ltd said it is still in the running for a stake in Mongolia’s massive Tavan Tolgoi project, adding a new twist in the long-running tussle for what has been billed the world’s largest untapped coking coal resource.
Shenhua’s President Ling Wen’s comments on Tuesday came after Mongolia said it had cancelled the [...]
Stirling Resources to Complete Agreement Recapitalization Monarch Gold
West Australian resources developer Stirling Resources advises it is completing funding and documentation arrangements for the A$15m recapitalizations of Monarch Gold with formal settlement to occur later this week.
Settlement date for the transaction is set for 26th February 2010 and on completion Stirling will own and control 35% of Swan Gold Mining Limited (the renamed [...]
Investors Bet On Upbeat Prospects For Asian Gold Mining Companies
Gold miners enjoyed a sizable rally Wednesday, particularly in Australia and China, with prices for the precious metal climbing to a fresh record high and growing speculation that Beijing will boost its gold purchases to offset the U.S. dollar’s decline.
“Everything is working in gold’s favor,” said Cameron Peacock, a market analyst at IG Markets in [...]
Black Fire Minerals acquires Karibib Lithium Pegmatite Project in, Namibian
Diversified resources company Black Fire Minerals has snapped up the Karibib Lithium Pegmatite Project from Australian private company Sunrise Minerals in a deal worth about $455,000.
The acquisition will be facilitated via Black Fire purchasing Sunrise’s private Namibian subsidiary Starting Right Investments Ninety Four, which is the holder of the Karibib Project Exclusive Prospecting Licences EPL3750 [...]
Rio Tinto Group Estimates Iron Ore Production Rose 7.5 Percent
Largest mining company Rio Tinto would predict an increase in iron ore demand from steel makers. Therefore, Rio Tinto will increase iron ore production of 7.5 percent. Rio Tinto iron ore will produce up to 210 million to 215 million metric tons in the second and third quarters. Production of iron ore was sourced from [...]
Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
Apex Mining Looks For Fund To Develop Exploration Capacities Of Gold-Mine
Listed Miner Apex Mining Co., Inc. will have to generate some $12 million on its own to increase the capacity of its gold mine in eastern Mindanao, company officials said late last week.
British miner Crew Gold Corp., the parent company of Apex Mining, was hit by the economic slowdown and is having trouble sourcing funds [...]
Agreement Of Iron Ore Discount, Brazilian Mining Company With China Steelmaker Company
Vale is the biggest mine company in Brazil. This mine company focus on exploration and produce of iron ore.
Has been reported, China and Japan is two states producing very big steel. Expansion and steel product increase in China and Japan requires supply of a real iron ore many, so that both this states need [...]
B.C.’s Mining Industry High Coal Prices to Record 2008 Profits
Aggregate pre-tax earnings rose to $3.2 billion, the highest amount in the 41-year history of a PricewaterhouseCoppers survey.
