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Vale Reject The Request Discounted Price Of Iron Ore Required By The China
Chief Executive Officer Roger Agnelli said June 25 that he will not give customers discounts of China in what has become a long-running talk price ever. China’s iron ore-prisoners executive of Rio Tinto Group, the world second-largest iron ore exporter, on allegations of espionage have created divisions between Australia and China might also benefit Vale, [...]
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.
Peabody Energy Will Open Largest Surface New Coal Mine in Illinois Basin
Peabody Energy Corp. (BTU) said Tuesday it will open the largest surface mine in the eastern U.S. after signing long-term supply contracts with two Midwest power generators.
Analysist Mining and Industry Sector : China’s Industry Sector Reopen Coal Mine Import After Deal Coal Prices Contract
A months-long dispute between Chinese coal miners and power generators over annual prices has unexpectedly opened the door to rising imports, despite lacklustre demand and a supply glut.
Australian Contract Price Iron Ore and Coking Coal Export to Halve as Chinese Growth Slumps
The crisis and the effects on the domestic economy are expected to deepen as commodity prices fall because of reduced global demand.
African Mining Project, China Firm to Invest $2.6 bln on Liberia Iron Ore Mine Exploration Project
A Chinese firm will make the biggest ever investment in Liberia when it signs a $2.6 billion iron ore deal in January, the West African nation says.
Mining Companies Can’t Stop Mine Production as Demand Global Industy Growth
The world’s biggest mining companies are cutting expansion plans by about $200 billion as prices of metals, demand from factories and funding for projects collapse.
Two Biggest Mining Company, BHP and Rio Tinto : BHP Billiton backs off bid for Rio Tinto
One of the biggest planned mergers in corporate history, between mining groups BHP Billiton and Rio Tinto, was scrapped yesterday after a year of preparation, in a move that spread further gloom about the state of the global economy.
The hostile takeover by BHP was once worth $140bn (£92bn) but the collapse in commodity prices and [...]
Significant Potential For Major New Iron Ore Province
Preliminary field reconnaissance confirms extensive exposure (over 100km) of sedimentary iron ore, with many assays over 40% Iron, and low Phosphorous.
Beneficiation studies planned
Project location on northern edge of the Surat Basin adjacent to large developed gas fields, towns, road, rail and other infrastructure
Potential for local industry integration
Additional applications lodged to cover extra targets
DAguilar [...]
