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Oyu Tolgoi Copper-Gold Project : Mongolian Delay Approval Copper-Gold Project Investment, Rio Tinto and Chinalco Reconciliation
Mongolian government has delayed approval to invest U.S. $ 6.8 committed to developing exploration projects of copper-gold mining Oyu Tolgoi. Mongolian government refusal to open the opportunity for Rio Tinto and Chinalco to resume reconciliation talks the two mining companies.
Australian Iron Ore Mining Company, Atlas Iron Start Shipping To China
Atlas Iron Ltd., the Australian iron ore producer that started shipping to China last year, is visiting steel mills there for talks to raise funds for its planned A$3 billion ($2.2 billion) Ridley project.
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
The Biggest Mining Companies, Rio Tinto and BHP Billiton Downgrade Forecast Slashed
Mining giants Rio Tinto and BHP Billiton have had their earnings estimates slashed by up to 45 per cent, as analysts downgrade forecasts because of low metal prices and softer demand.
Canada Mining Company, Ivanhoe Mine To Develop Copper Mine Deposit in Mongolian
The Mongolian government has given the long-awaited green light for a proposal by Canada’s Ivanhoe Mines to develop one of the world’s richest copper deposits, the company said.
Gold Mining Increase Demand, Real Gold Mining Ltd. Prices Largest Hong Kong IPO
Real Gold Mining Ltd. priced a HK$1.03 billion ($133 million) Hong Kong initial public offering, the largest in four months, as gold’s surge increased demand and helped the producer sell stock at the top end of a range.
Price Expectations CSN’s Namisa Iron Ore Unit
The shake-out of bidders for Brazilian iron ore miner Namisa has left a number of contenders with deep pockets and big appetites, sources familiar with the bidding said, signalling that owner CSN may sell a majority stake.
Some analysts estimate the sale could value Namisa, the smaller of CSN’s iron ore units as high as $10 [...]
Iron Ore Price and Demand Future, Vale Beats BHP, Rio as Top Pick on China Ore Demand
Cia. Vale do Rio Doce fell 27 percent this year in Sao Paulo, heading for the first annual decline since 2000. Now analysts say the world’s largest iron-ore producer is poised for its best performance in a decade.
Vale may double in the next year, more than twice the expected gains for the world’s biggest mining [...]
Mining Exploration Investment Future in HK Market and Trade
China Mine Exploration Company, Shenhua Energy Net Income Jump 160 percent. Angang Steel also slipped 0.8 percent.
Hong Kong shares posted their biggest single-day jump in five months on Monday, rising 3.5 percent as most blue chips rebounded following a Wall Street rally.
Though spurred by bargain hunting and short covering, market watchers expect the rally [...]
