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Tri-Valley To Advance Alaska Gold Mine Exploration and Industria Mineral Properties
Tri-Valley Corporation announced that its minerals subsidiary, Select Resources Corporation, has entered into an official stage of information exchange with industry parties to advance its Alaska gold and industrial mineral properties.
Global Mining Companies Plans Expansions Iron Ore Mine Output
Global iron ore prices are set to decline sharply in 2009 as demand for the steelmaking ingredient shrinks dramatically as a result of deepening world economic recession.
India Coal Producer, Coal India Ltd. Plans To Acquire Coal Mining Blocks
Coal India Ltd, the country’s largest coal producer, plans to acquire three mining blocks with an estimated reserve of over 120 million tonnes in Indonesia to augment supply of the dry fuel for its consumers back home, a top company official said.
World Mining Companies Worries Development Of Global Recession
Investors hammered mining and energy stocks on renewed fears a global recession would further slash demand for commodities and after BHP warned Chinese demand was set to weaken.
Slumping metals and oil prices dragged resource shares lower on Wednesday, while miner Rio Tinto Plc dismissed talk it planned to launch talks with suitor BHP Billiton Plc [...]
Coal Mining Exploration Project to Share Profits from CIL with Govt
Corporate majors like Reliance, Essar and GMR, which are vying for the USD 6-8 billion project to convert coal into oil, may have to share profits earned thereby with the government, official sources said.
“We have proposed the companies to share profits from coal-to-liquid (CTL) project with the government to which many have agreed to,” [...]
India Mining Exploration Sector To Develop Use Surplus Coal Mine Exploration Result
Government is open to the idea of allowing power generating companies to use surplus coal for a project other than the one for which the block was allotted, as in the case of Reliance Power’s 4,000 Mw Ultra Mega Power Project (UMPP) at Sasan in Madhya Pradesh, sources said today.
“If a company is able to [...]
China Steelmaker Companies To Continues Import Iron Ore Mine From India
Reported in reuters, Chinese buyers of Indian iron ore are defaulting on import contracts and refusing to lift the ore unless the seller offers a discount on contracted prices, a top industry official told Reuters on Monday.
“Our exports are in deep red as there is no demand from China,” said Rahul Baldota, president of the [...]
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 [...]
India Plans Mining Exploration, Coal Mine Exploration Output 60-70 billion tonnes may over 2040
“The demand for coal will reach two billion tonne mark by 2016-17. We need to grow at the rate of 17-18% from present 6-7% to meet this growing demand,” Coal India Ltd (CIL) Chairman Partha S Bhattacharyya said at the ICC Coal Summit in New Delhi.
“We need to employ new mining technologies to go deeper [...]
