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Mesa Uranium Obtain Exploration Lithium Mining Project in Utah
Mesa Uranium reported having received exploration rights lithium mining project Seluar 10 square miles in Utah. Lithium mining project will be managed by Mesa for the anticipated growth in demand and supply of lithium carbonate, industrial lithium-ion batteries, electric hybrid and electric cars will increase in 2012.
Coal Mining Company Arch Coal Profits Decreased, Coal Prices Falls
Coal mining company Arch Coal reported sales gains in the third quarter decreased, due to falling coal prices. Mining companies estimate the demand for coal will increase, especially coal used for steel making. Increased demand for coal will increase next year, coal demand is expected to reach the 4 million tons.
Essar Seeks Coal Assets In South Africa
Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of Essar Group said that South Africa is one of the world’s top coal exporters, and India is a growing export destination.
Soquimich Falls Most Since June on Lithium Price Cuts
Sociedad Quimica Minera de Chile SA, the world’s largest lithium producer, led declines on Santiago’s Ipsa Index after announcing price cuts for the metal used in batteries.
Soquimich, as the company is known, fell 3.6 percent to 20,630 pesos, the steepest decline since June 22. The Ipsa retreated 0.6 percent after four days of gains.
Chilean Senator Proposes Government Control of Lithium Deposits
A Chilean senator is urging the country to take control of its lithium deposits as demand surges for the raw material used in electric car batteries.
Senator Ricardo Nunez, a member of the Chilean socialist party and the Senate Mining and Energy Committee,
Fortescue Metal Negotiations Iron Ore Mine Exports To Japan And Korea
Steel industry sector in Japan and Korea from year to year is always experienced growth, so that Japan and Korea is the country’s largest iron ore importer in the world other than China. Increased import of iron ore to Japan and Korea is to support the production of steel.
Revenue U.S. Coal Miners Lower in Third Quarter
Income of U.S. coal miners has declined sharply in the third quarter. Coal miners decline in U.S. revenue due to demand for U.S. coal production from the producers of electricity generation. More tinggin coal prices if demand for coal exports from steel producers. Coal demand from steel producers can provide long-term effects.
China Coal Exports Down Reaching Lowest Number In September, 2.9 Percent YoY
Statistical reports, China coal exports down reaching the lowest number this year. The number of coal exports in September 2.02 million tons, compared to last year China’s coal exports could reach 2.08 million tons in September last year. Export monthly average fell more than 50% in the first eight months.
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 [...]
