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China Coal Exports Down Reaching Lowest Number In September, 2.9 Percent YoY
Statistical reports, China coal exports down reaching the lowest number this year. The number of coal exports in September 2.02 million tons, compared to last year China’s coal exports could reach 2.08 million tons in September last year. Export monthly average fell more than 50% in the first eight months.
Assosiasi Steel Company Africa Difficulty To Make Decision For Expansion Steel Industry and Steel Company
Last year proved to be a tough one for the stainless steel industry, the Southern Africa Stainless Steel Development Association (Sassda) said on Friday, after figures for 2008 were released.
The data showed that despite a good start to the year, the final few months proved difficult and the industry “took a knock”, Sassda said.
BHP Will Develop Exploration and Produce of Coal Mine in Australian
The company plans as many as 11 projects in Australia’s Queensland state as part of an “aggressive growth strategy” to meet demand, Michael Lambourne, chief financial officer at the alliance, a venture between BHP Billiton Ltd. and Japan’s Mitsubishi Corp., said today.
Prices for coking coal tripled to a record $300 a metric ton this year [...]
BHP seeks to build £170bn mining superpower
Rio Tinto confirms biggest takeover move since dotcom boom.
The world’s largest mining group, BHP Billiton, is seeking to take over its rival Rio Tinto in a deal that would catapult it to a market valuation of about $360bn (£170bn), bigger than Microsoft and equivalent to the gross domestic product of Ukraine.
After weeks of market rumours, [...]
Coal use grows despite warming worries
Almost nonstop, gargantuan 145-ton trucks rumble through China’s biggest open-pit coal mine, sending up clouds of soot as they dump their loads into mechanized sorters.
The black treasure has transformed this once-isolated crossroads nestled in the sand-sculpted ravines of Inner Mongolia into a bleak boomtown of nearly 300,000 people. Day and night, long and dusty trains [...]
Uranium Funds Points to Near-Term U3O8 Price Decline
Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months [...]
Utah, Colorado rival OPEC oil reserves, lure Chevron, Exxon, Shell
Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined.
That’s not science fiction, according to Bloomberg News. Trapped in limestone up to 200 feet (61 meters) thick in the two Rocky Mountain states is enough so-called shale oil to [...]
Copper Rises on Grasberg Mine Speculation; Lead, Aluminum Gain
Copper led industrial metals higher in London on speculation that a protest at the world’s second- largest mine producing the metal and disruption to deliveries from Argentina may curb supplies.
Native Papuan workers at Freeport-McMoRan Copper & Gold Inc.’s Grasberg mine in Indonesia plan a rally on April 18 over wage demands that may disrupt output. [...]
African Rainbow Sticks With Nkomati Amid Nickel Boom
African Rainbow Minerals [JSE:ARM] had not received any offers for its 50% stake in the Nkomati nickel mine and regarded nickel as an important part of its portfolio, with significant opportunities arising from the expansion of Nkomati, ARM executive director Pieter Rörich said on Friday.
He was responding to questions on whether Xstrata [LSE:XTA] had made [...]
