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Saturday, November 22nd, 2008
Public sector mining company Orissa Mining (OMC) will shortly slash prices of iron ore by 40 to 50 percent, a top company official said here Thursday.
"We have just fixed our iron ore prices, and the new rates would come into effect in the next three to four days," OMC managing ...
Posted in Exploration, Iron ore, Mining Industry, Mining Technology | No Comments »
Saturday, November 22nd, 2008
A subsidiary of Severstal (LSE: SVST), the Russian mining group, added High River Gold to its growing list of acquisitions. Yesterday High River Gold announced that Severstal had participated in a heavily dilutive share placing that would take its equity stake to 50.1%.
Severstal took approximately 282.3 million shares ...
Posted in Coal, Mining Company, Mining Technology | No Comments »
Wednesday, November 19th, 2008
Beacon Redevelopment Industrial Corporation (Pink Sheets: BCND) today announced that it's wholly owned subsidiary Beacon Energy Corporation has finalized and completed the purchase of 100% of the coal rights for two parcels of land totaling 1020 acres in Westmoreland County, Pennsylvania. The coal forms part of the Upper and Thick ...
Posted in Coal, Mining Company, Trade & Market | No Comments »
Wednesday, November 19th, 2008
The global outlook series on the Mining Industry provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report provides a bird's eye view of the industry, and highlights the implications boded by the consolidation wave, and rising mineral prices. The discussion on the global ...
Posted in Mining Industry, Mining Investment, Mining Technology | No Comments »
Monday, November 17th, 2008
The wallets are closing, the bank accounts are running down, the investors are no longer listening. In the next few months there will be a fevered stampede from the cash-strapped juniors to find someone -- anyone -- with money to help keep them going.
Adrian Day believes he has got in ...
Posted in Mining Industry, Mining Investment, Trade & Market, Uranium | No Comments »
Monday, November 17th, 2008
The total value of Alaska's mineral industry in 2007 set a new record of approximately $4 billion, up 13.3 percent from the 2006 level, the state Department of Natural Resources announced Nov. 5.
The total value combines exploration and development expenditures with production value. The figure is used as a general ...
Posted in Copper, Drilling, Gold, Mineral, Mining Industry, Mining Investment, Trade & Market | No Comments »
Saturday, November 15th, 2008
Shell Philippines Exploration B.V (Spex) and Australia-based mining giant BHP Billiton are likely to bid for the 20 percent stake of PNOC-Exploration Corp. (PNOC-EC) in Service Contract 63 in Northwest Palawan and offshore Sabah.
PNOC-EC president Rafael del Pilar told reporters yesterday that the two firms have shown “strong interests” to ...
Posted in Mining Company, Mining Industry, Mining Investment | No Comments »
Saturday, November 15th, 2008
The government has awarded four coal-bead methane (CBM) development contracts in Kalimantan to a group of mining companies requiring a total investment of at least US$20 million during the next three years.
The four companies are a consortium of PT Pertamina Hulu Energi Metana Kalimantan A-Sangatta West CBM Inc, a consortium ...
Posted in Exploration, Mining Industry, Mining Investment, Oil & Gas, Trade & Market | No Comments »
Saturday, November 15th, 2008
UK invesTment manager Ashmore Group is looking for a strategic partner in running oil refiner Petron Corp. and sees food and beverage giant San Miguel Corp. as a company that will bring value into the oil refiner, an Ashmore Philippine representative said yesterday.
Petron president Eric Recto, who represents Ashmore in ...
Posted in Exploration, Mining Company, Mining Investment, Trade & Market | No Comments »
Thursday, November 6th, 2008
The Journal - Newcastle-upon-Tyne)trackingANOTHER foreign delegation has travelled to the North East to tap into the region's mining and land restoration expertise.
North East mining, property and renewable energy developer the Banks Group hosted a dozen delegates from Fangshan district, near Beijing, with a particular focus on transforming brownfield sites into ...
Posted in Coal, Mining Company, Mining Industry, Mining Technology | No Comments »
