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India’s Iron Ore Mine Exports Increase To 13.9 million tones in January 2009
Rupee depreciation seems to have offset the impact of 5% export duty on Indian iron ore, thus acting as a boon for Chinese steel companies which are trying to slowly roll back production cuts announced in October 2008.
Lakshmi Mittal and U.S.-based AES Corp. other cost get coal mining rights in India
Indian firms owned by steel tycoon Lakshmi Mittal and U.S.-based AES Corp are among 31 private firms that have been allocated coal mining rights by the government, official document seen by Reuters showed on Friday.
Mittal Steel India Ltd, power producers Sterlite Energy Ltd, a subsidiary of Vedanta Resources; Tata Power Company Ltd, Reliance Energy Ltd [...]
De Beers, DME to Create Stand Alone Mine Company
Diamond mining giant De Beers and South Africa’s Department of Minerals and Energy (DME) on Friday announced the formation of a new stand alone diamond mining company.
In terms of the deal, announced in Cape Town on Friday, following full consultation with affected parties, the West Coast operations of Alexkor and De Beers Consolidated Mines’ (DBCM) [...]
ata wants to mine South Africa’s chrome, manganese, coal and iron-ore
A new Indian force is about to enter the South African mining industry.
Indian diversified industrial giant Tata has announced that its sub-sidiary, Tata Steel, is investigatingopportunities to mine chrome, manganese, coal and iron-ore in South Africa.
The announcement was made at the official inauguration of theconstruction of Tata Steel’s R670-million high-carbon ferrochrome plant in the port [...]
