Lithium Corporation to start lithium mining exploration projects in Nevada Lake Valley. Lithium Corporation is a company responsible for exploration activities and development of lithium mines Lake Valley. The Company continues to search for lithium mine in Nevada. Read More….
Largest electricity supply companies in India Tata Power plans to buy coal from coal mines managed by the Australian mining company Riversdale. Planned purchases of coal from Riversdale to secure the supply of coal as a fuel electricity.
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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 iron ore mining operations in Australia. The estimate assumes seasonal weather won’t disrupt output, it said. Sam Walsh, the iron ore unit chief, previously predicted 200 million tons of production. Read More…
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.
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Caza Gold Corp. announces that it has entered into a formal agreement to purchase two gold exploration property packages located in Chihuahua, Mexico from Exmin Resources Inc.
The Company is purchasing Exmin’s 100% interests in 49 mineral properties totalling 47,433 hectares, known as the Moris Exploration properties, in the Moris gold district of western Chihuahua where Hochschild Mining plc owns and operates the 25,000 oz per year Moris open pit, heap leach gold mine.
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Port capacity to accommodate and send coal are constraints faced coal mining company in the east coast of Australia. These constraints make mining companies to find solutions to increase transmission capacity of coal. Rey Resources, a company that provides shipping services has provided a guarantee of coal mining companies for access to Derby Port in Western Australia.
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The Coal Ministry has recently sent as many as 39 showcause notices to companies on delayed development in their coal mines. But that has backfired! Sources tell CNBC-TV18 that more than half of these coal mines are old mines re-allotted to these companies. CNBC-TV18’s Katya Naidu reports.
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At its recent shareholder meeting, Vancouver-based Western Coal Corp. announced that it plans to boost annual coal output to 10 million tonnes by 2013. The company noted that metallurgical coal markets are recovering, with recent spot prices for coking coal now over US$170/tonne. Next year’s contract coal prices are also expected to be significantly higher if steel demand continues to recover as predicted.
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Mozambique’s government has announced that it has secured $500m (£313m) to build a new railway line.
The transport minister said the new line will link the coal-rich northern Moatize mines to Nacala port by 2015.
He said funding from the Dutch and Danish government as well as the European Union meant construction could start in two months.
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Coal India Ltd., the nation’s monopoly producer of the fuel, said it expects to complete a mine acquisition in the year ending March 31, and has hired Royal Bank of Canada to carry out due diligence on a deposit in Australia.
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