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CIC To Buy Equity Stake Teck Resources, China To Increase Investment In The Mining Sector
Teck Resources is a mineral exploration mining activities have a very knowledgeable. Teck mining company that produces zinc, copper, coal and metallurgy. To maintain the existence of the company and support the mine operations company, Teck will sell some equity stake to the state-owned China Investment Corp. (CIC). Equity stake sale is expected to pay [...]
Future Mineral Exploration and Mine Industry in Russia During a Global Crisis
Russia auctioned its biggest mining company a decade ago when it was strapped for cash. It’s using the global credit crisis to regain control of OAO GMK Norilsk Nickel as economic turmoil forces U.S. and European governments to bail out their own corporations.
China Coal Mining Exploration, Shenhua Energy Wins Australia Coal Exploration Permit
China Shenhua Energy Co., the world’s largest coal producer by market value, agreed to pay A$300 million ($261 million) for a coal exploration license in Australia as it expands overseas to gain supplies.
Shenhua’s first foreign exploration permit is a 190-square kilometer area near Gunnedah in New South Wales state. The site is expected to contain [...]
Fushan Purchase Agreement Jointly develop Fortune Dragon’s Three Coking Coal Mines at China
Fushan International Energy to announce concluded a conditional sales and purchase agreement with Fortune Dragon Group Limited (“Fortune Dragon”) to jointly develop Fortune Dragon’s three coking coal mines at Xingwu, Jinjiazhuang and Zhaiyadi with an annual total raw coking coal production capacity of 6.3 million tonnes for a total consideration of HK$10.53 billion. Upon the [...]
Condition Of Commerce Of Mining Exploration Sector, Gain Of Massey Merger On US Coal Mine Exploration
Taker over mine company Alpha Natural Resources Inc. by Cleveland-Cliff equal to $10 billion is an the biggest acquisition process in coal industry.
While the worldwide bear market slowed mergers and acquisitions by 35 percent in the first half of the year, takeovers of energy and mining companies jumped 33 percent so far this year as [...]
Sultan Mining and Energy Will First Shipment of Coal Mine Result
Sultan Mining and Energy Development Corp. will make the first overseas shipment of its coal mine exploration output after entering into a supply contract with Switzerland’s Glencore International AG, documents from the Department of Energy (DOE) showed.
Glencore, one the world’s largest suppliers of commodities and raw materials, will purchase 90,000 metric tons of local coal [...]
Mining Sector Planning Zimbawe Government
While the world waits for news about the outcome of Zimbabwe’s elections, Zimbabwean newspapers at the weekend reported that Robert Mugabe’s Zanu-PF planned to seize foreign-owned mines to win over votes.
Across the front page of The Zimbabwean yesterday were splashed headlines suggesting that Mugabe had set his sights on foreign-owned mines after running “out of [...]
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 [...]
West Slope uranium rush
Skyrocketing price of metal prompts resurgence of digging.
Colorado’s vast stores of uranium are once again causing an unprecedented rush of investors, hedge funds and prospectors toting Geiger counters and stake poles.
After three decades on hiatus, thousands of prospectors are back on the Western Slope, staking claims and seeking permits, bent on tapping the region’s rich [...]
