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Rio Tinto Group Estimates Iron Ore Production Rose 7.5 Percent
Largest mining company Rio Tinto would predict an increase in iron ore demand from steel makers. Therefore, Rio Tinto will increase iron ore production of 7.5 percent. Rio Tinto iron ore will produce up to 210 million to 215 million metric tons in the second and third quarters. Production of iron ore was sourced from [...]
British Mining Company Rio Tinto Reported Iron Ore Production In The Third Quarter Increased 12 Percent
UK’s biggest mining company Rio Tinto reported iron ore production until the third quarter increased 12 percent from last year. Increased production of iron ore produced from the combination of two mining company Rio Tinto. Two mining companies combined yaiut Plc and Rio Tinto Ltd. Rio Tinto.
Utah coal mine production reported, coal mining project future
Following a 10-year low in 2004, Utah coal production jumped by 12.6 percent to 24.6 million short tons in 2005 and increased an additional 6.4 percent to reach 26.1 million tons in 2006.
But mines operating in the Castle Valley region experienced a difficult year in 2007.
The Crandall Canyon closure, followed by the idling of the [...]
Coal Mining Accident : Mining students optimistic despite Utah disaster
Jared Bartel arrived at Montana Tech this month for a final semester that will take him to graduation and a job as a mining engineer.
Six months ago, Bartel firmed up a position with a Wyoming coal mine where he will be paid upward of $50,000 a year. His career aspirations remain as strong as ever [...]
Mining Company Exploration : Rio Tinto profits slip as costs bite
Mining giant Rio Tinto Ltd has posted a 14.3 per cent drop in first half net profit, after cost pressures took a toll on its business.
Net profit for the six months ended June 30 slipped to $US3.523 billion ($A4.12 billion).
Underlying earnings also slipped, by 5.9 per cent to $US3.529 billion ($A4.13 billion), missing the consensus [...]
Fitch Rtes Intermountain Pwr Agency, UT, $130MM Pwr Supp Bnds & Affs Outstanding $1.6B at ‘AA-’
Fitch rates Intermountain Power Agency’s (IPA) proposed $130 million, 2007 series A subordinated power supply revenue refunding ‘AA-’. In addition, Fitch affirms IPA’s outstanding $1.2 billion senior lien power supply revenue bonds and $416 million subordinate power supply revenue bonds. The ratings reflect the underlying rating as the bonds are predominantly insured by ‘AAA’ rated [...]
Naughty costs less when the gift is coal
Shoppers who’ve blown their holiday budget should be happy to see a few naughty recipients on their gift lists: A lump of coal, that favored award for those who haven’t been nice, is fetching rock-bottom prices.
Salt Lake City-based Transocean Ltd. Energy House sells a 40-pound bag of coal for $8.95. Compare that with other [...]
