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India Globalization Capital Announces Two New Iron Ore Contracts Valued at $3 Million
India Globalization Capital, Inc., a company competing in the rapidly growing materials and infrastructure industry in India, today announced it was awarded two new Chinese iron ore supply contracts valued at $3.0 million. The orders total 60,000 metric tons of medium-grade iron ore, or 56-grade.
India Mining Industry Will Reach a Total Value of US$45.40Bn
India is home to a myriad of metals and minerals. Globally, the country is the largest producer of sheet mica, the third largest producer of coal, the fourth largest producer of iron ore and the fifth largest producer of bauxite. Besides these natural resources, India also hosts significant reserves of copper, zinc,
gold and about 26 [...]
KMPG Reported Investment in Mining Exploration and Production in India
The massive infrastructure investment planned by India and China during 2009 could lead to a surge in iron ore prices again even as valuations have reduced as a result of falling prices which have had a knock-on effect on long-term iron ore contracts.
Vedanta Resources To Buy US Copper Mine Company fro $1.7 billion
Metals and mining major Vedanta Resources will buy bankrupt US copper miner Asarco for $1.1 billion in cash and a note worth $600 million, the latter to be paid over a period of nine years.
TATA Steel Plans Expand Seek Partnership Iron Ore Mine Company
BS reported that TATA Steel plans to become a partner in Canada based New Millennium Capital Corp’s USD 4 billion KeMag property, having iron ore reserves in excess of two billion tonnes.
Iron Ore Mine Demand Future : Steel Industry plans to cut its total production
When financially shell-shocked American consumers postpone purchases of big-ticket durable goods — such as automobiles and kitchen appliances — steelmakers are sure to feel the pain. A loss of consumer confidence in recent weeks has caused steelmakers’ orders to soften, and the price of their products to slide.
That’s troublesome news for the Iron Range.
Already, ArcelorMittal, [...]
Chile Iron Ore Mine Exploration Company Plans Agreement Sale To China Steelmaker Company
Chilean iron ore firm Sociedad Contractual Minera Hierro Paposo is in talks with potential Chinese buyers, sources familiar with the situation said, and could fetch “hundreds of millions” of dollars.
The owners hope to conclude a sale by the year-end and have approached several Chinese steel firms, one source familiar with the sale said, adding: “It’s [...]
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 [...]
Uranium Mineralization and Plans Drill Program at Bugs Project, Nunavut
Ur-Energy Inc. is pleased to announce the results from its summer exploration program on its Bugs Property in the Baker Lake Basin in Nunavut, Canada. The Bugs Property, consisting of 11 mineral claims (approximately 11,000 hectares), was previously explored by Cominco Ltd. for uranium in the late 1970s. Ur-Energy can complete its earn in to [...]
