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Sinosteel Suspends Agreement

Wednesday, November 12th, 2008 Ditem Explorations (TSX VENTURE: DIT) announces that Sinosteel Mining Company, a wholly owned subsidiary of Sinosteel Corporation, has advised that it has suspended proceeding with the proposed master joint venture agreement. In a letter to Ditem, Sinosteel stated that because of the current financial crisis, they are suspending until the ...

India seeks Australian mining expertise to meet energy demand

Wednesday, November 5th, 2008 Nov 4 (IANS) As India seeks Australian expertise in the mining sector to meet its growing energy demand, over 50 Australian companies are heading to Kolkata to showcase their abilities at the International Mining and Machinery Exhibition (IMME 2008) which opens Wednesday.Despite the global downturn, India’s economic growth averaged nine ...

Czech NWR to buy 25 pct stake in iron ore firm

Tuesday, October 21st, 2008 Czech coal mining group New World Resources (NWR) (NWRS.L: Quote, Profile, Research, Stock Buzz) (NWRSsp.PR: Quote, Profile, Research, Stock Buzz) will acquire a 25 percent stake in Ukrainian iron ore company Ferrexpo (FXPO.L: Quote, Profile, Research, Stock Buzz), giving it a foothold in the vast Ukraine market, the company said ...

The Government of Venezuela takes the bull by the horns and pushes its economic future forward

Monday, October 20th, 2008 VHeadline guest commentarist Todd MacSween writes: Funny that, a year ago, it was deemed an evil self-destructing type of system to embrace. Now with the US government buying bank stocks and bailing out the companies that created the problem, it appears that entire world is in the hands of the so-called Government ...

Asean mining industry outlook up amid crisis

Tuesday, October 14th, 2008 PROSPECTS for the Asean mining industry remain high despite the global economic crisis. Major industry players participating in the 8th Asia-Pacific Mining Conference and Exhibition (APMCE) are confident that the demand for metals and minerals in developing and emerging economies, particularly China and India, will remain high. Environment Secretary Lito Atienza shared ...

Nuclear split in Alice Springs Labor group

Saturday, October 11th, 2008 URANIUM caused a split in the Alice Springs branch of the ALP this week. The branch wrote a public letter expressing ``dismay, disgust and opposition'' to uranium exploration 25km south of the town. It cites a risk to the water supply, radioactive pollution of the atmosphere and a lack of consultation. Long-term ALP ...

Atlas Iron makes two new hematite iron ore discoveries

Friday, October 10th, 2008 It is reported that iron ore producer Atlas Iron Limited has made two new hematite discoveries at its wholly owned Pardoo project. Atlas said that the deposits were at or near surface. They required further drilling to define their extent. It added that "A very low phosphorous levels within the targets, ...

Mining Finance and Investment

Thursday, October 9th, 2008 The good, the bad and the ugly. Pick the right mining stocks. Currently in Jo'burg as the excrement hits the fan. Here the optimistically described Rainbow Nation has something to be glad about. Exchange controls have cushioned much of the South African banking system against the flood of global ...

Kohinoor Steel threatens to move to MP over iron ore allotment

Sunday, September 28th, 2008 FE reported that Kohinoor Steel has threatened to move to Madhya Pradesh if Jharkhand delays on its decision on allotment of iron ore mines to it. The company like several other investors has been seeking the allotment for the last 2 years. The report cited a company spokesperson as saying that ...

Sabina Silver Adds to “Northern” Management Team

Thursday, August 21st, 2008 MARKET WIRE via COMTEX) -- Sabina Silver Corporation (CA:SBB: news, chart, profile) is pleased to announce the addition of two new members to its management team. Mr. John Wakeford, P.Geo and Ms. Elaine Bennett, C.G.A. will join Sabina in Vancouver, BC. Both Mr. Wakeford and Ms. Bennett were also part of ...