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China Steel Company Prepare Seek Payback Over Iron Ore Prices
Chinese steel mills are about to turn the tables on Australia by demanding a 40 per cent price cut in the price of iron ore shipped from the Pilbara.
Pike River Coal Report Mining Exploration Result at West Coast
Pike River Coal said today it has struck coal at its West Coast mine after two years of tunnelling to reach one of the most valuable coal deposits in the country.
Tunnellers cut through the last few metres of an access tunnel stretching nearly 2.3km under the Paparoa Range to intersect with the Brunner seam of [...]
Two Biggest Mining Companies After Merge, An Ambition Becomes The Biggest Mine Company In World
Marius Kloppers is determined to win his $127bn battle to merge BHP Billiton and Rio Tinto, but must beat regulatory hurdles – and Rio’s opposition. Ruth Sunderland met a late starter who could become one of the globe’s most powerful men.
Marius Kloppers, chief executive of mining giant BHP Billiton, could be the patron saint of [...]
Coal Mine Exploration Company, Pike River Coal’s rise arrested by 10% fall
Volatility in New Zealand’s sharemarket came home to roost for coking coal mine producer Pike River Coal whose dream share run came to abrupt halt yesterday after gaining nearly 50% in value in the past month.
Pike River shares have steadily risen 48%, from $1.67 on May 30 to trade around $2.47.
However, yesterday they fell more [...]
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 [...]
Haynes’ High-Performance Metals Needed In Planes And Turbines
Companies like U.S. Steel boomed during and after World War II. Their steel sustained the military and rebuilt continents.
Today, vastly more high-tech planes and equipment usher in a new era for Haynes International.
The company makes titanium and nickel alloys to customer’s specifications, usually for use in highly corrosive or stressed environments.
“The overall demand for these [...]
Metals Bubble Poised to Burst on Increasing Supplies (Update2)
Copper, nickel and lead, the best performing commodities in the past four months, may be the worst by year-end.
On Wall Street, the chorus is getting louder that rising metal supplies are outpacing demand. From Goldman Sachs Group Inc. to JPMorgan Chase & Co. to Societe Generale, there are warnings of a mania that is showing [...]
Nickel, Lead Rise to Records; Copper at 7-Month High on China
Nickel and lead rose to records and copper advanced to the highest in seven months in London on rising demand from China, the world’s largest consumer of all industrial metals.
Nickel use in China will grow 29 percent this year as the country’s stainless-steel industry expands, Macquarie Bank Ltd. said last week. China’s imports of copper [...]
Gujarat NRE to gain from current expansion
I have purchased 2,000 shares of Gujarat NRE Coke at Rs 74 and am holding for the last 12 months. The stock fell by more than 50 per cent since then. Should I book loss or hold, please suggest? Sanjeev Khanna.
Gujarat NRE Coke is the largest non-captive manufacturer of met coke with an annual capacity [...]
