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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 [...]
Mining Exploration Company Greencastle Resources Ltd. Coal Exploration permit on the Saskatchewan
Greencastle Resources Ltd. is pleased to report that in early May, the Company applied to the government of Manitoba for a coal exploration permit on the Manitoba / Saskatchewan border.
The recent coal discovery in Saskatchewan by Goldsource Mines Inc. has resulted in a rush of permit application activity, covering a large area of [...]
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 [...]
China Gold Output to Beat U.S., Challenging S. Africa (Update2)
China will probably overtake the U.S. as the world’s second-biggest gold producer this year and may end South Africa’s century-long dominance within five years, the country’s industry association said.
Production may rise 8 percent to 260 metric tons from 240.1 tons in 2006, Hou Huimin, deputy head of the China Gold Association, said in an interview [...]
Sierra Leone to review mining contracts
Sierra Leone’s government will review all mining contracts in the West African state to try to clean up corruption and cheating and maximise benefits for the nation, Minister of Mines Alhaji Abubakarr Jalloh said.
“We’re not going to allow our minerals to be a curse to us,” Jalloh told Reuters in an interview this week.
“We are [...]
S Africa targets 20 percent cut in mining deaths
South Africa’s mining industry, which records an average of 200 fatalaties every year, is seeking to reduce death rates by at least 20 percent by 2013, the chamber of mines said on Thursday.
“To be world class by 2013, an annual milestone of reducing fatality rates by at least 20 percent a year is needed,” the [...]
North American markets end ahead, despite losing some ground; Dow passes 14,000
North American markets finished the session ahead, but couldn’t hold onto all of the gains set earlier in the day, as Toronto lost some of its footing on lower energy prices and the Dow Jones dropped below its new record, set above the 14,000-point mark.
Toronto’s S&P/TSX composite index rose 43.76 points to 14,382.01, after the [...]
Coal no longer a dirty word for Pike River float
Pike River Coal Company’s moment of truth arrives on Tuesday when its long-delayed attempt to raise $65 million-plus through an initial public offering for what will be the country’s only listed coal mine closes.
The signs look good.
There are indications Pike River has managed to get acceptances for not only the initial $65m, but for [...]
AmMex Gold Appoints Dana Durgin, P. Geo. as Exploration Manager
AmMex Gold Mining Corp. is pleased to announce that Dana Durgin, P.Geo., has joined AmMex Gold as Exploration Manager.
Mr. Durgin has 31 years experience in mineral exploration and project development in the US, Canada and Mexico with the past 15 years largely in exploration management and mine development. Mr. Durgin has recently been working [...]
