BHP Billiton Petroleum Group Chief Executive said PetroChina has acquired an interest in a world class gas source and BHP Billiton has exited a non-strategic asset BHP Billiton,the Australian coal miner, had signed an agreement with ...
Tags: PetroChina interests, Gas Project, Petroleum Group, Petroleum
Mr Philip Kirchelechner a senior consultant with Australian iron ore miner Mt Gibson Iron at an industry forum on December 9th said that CITIC WA iron ore project is not going well and it is facing loss at the start of production. ...
Tags: iron ore, iron ore project, Australia, iron production, China
The West Australian reported that BC Iron surged more than 9% after the iron ore miner raised USD 47 million in a placement at a premium as part of a deal with Fortescue Metals Group to take a bigger stake in its Nullagine JV project. BC ...
Tags: BC Iron, iron, steel, metel market
MINEWEB reported that Tanzanian Royalty Exploration headed up by mineral exploration entrepreneur Jim Sinclair, said it was creating a new company that would explore Tanzania's Kabanga metal belt for nickel, cobalt and platinum group ...
Tags: mineral exploration, new company, markets of India and China
Bloomberg reported that the International Monetary Fund halted the Democratic Republic of Congo's USD 532 million, three year loan program after the government failed to publish details of a 2011 mining deal. The lender, based in ...
Tags: contract mining, no credit loans, copper market, copper ore mining
Reuters reported that spot iron ore touched 6 week lows as demand from top buyer China declined in tandem with falling steel prices, putting the raw material on course for its first monthly loss in 3. For November, iron ore is down 2% ...
Tags: spot iron ore, falling steel prices, first monthly loss
Business Standard reported that the Directorate of Mines on December 10th informed the Supreme Court appointed Centrally Empowered Committee that it has completed the process of lease renewal of 40 mines, which are working under deemed ...
Tags: mines, Mineral, mining lease, Mining Corporation
Business Standard reported that amid allegations of monopolization of chrome ore trade leveled by the All Odisha Steel Federation against state controlled miner Odisha Mining Corporation, the Odisha government has informed the Competition ...
Tags: chrome ore, chrome ore trade, ore, sponge iron
Financial cited Mr Guy Elliott CFO of Global miner Rio Tinto Plc as saying that the company which has already sold assets worth USD 12 billion since 2008 sees substantial cash coming in next year from the sale of further operations ...
Tags: Pacific aluminium and diamonds businesses, mining group, Rio Tinto Plc
Hindustan Times reported that the government on December 10th Monday fixed the price band for the upcoming 10% stake sale in India's largest iron ore miner National Mineral Development Corp at INR 145 to INR 150 that will fetch the ...
Tags: Copper, Mineral, Metallurgy
Reuters reported that Codelco is hopeful about reaching a new labor deal with its union at the massive Chuquicamata mine. Mr Thomas Keller CEO of Codelco said that "We're optimistic. It's a complex negotiation but we're hoping that with ...
Tags: Codelco, copper market, mining industry
Economic Times reported that the Centre has turned down Chhattisgarh's request to nominate three elected representatives from the Bastar region on the board of iron ore miner NMDC and spend 10% of its net profit on the local area ...
Tags: Chhattisgarh, iron ore miner NMDC, mineral, mineral industry
In today's highly competitive industrial manufacturing environment, it's crucial to run a cost efficient, reliable, and productive fabrication line that yields durable, rugged, high-quality products. At Joy Mining Machinery, a global ...
Tags: Automated Welding System, welding equipment, mining machinery
Reuters reported that unionized workers at Chile's Escondida have voted in favor of early labor talks with the mine's controller, global miner BHP Billiton. A union leader said that Escondida's union stunned the copper market last ...
Tags: labor talks, copper market, mine union
Reuters reported that Russian precious metals miner Polymetal would decide next year whether to double production capacity at its Albazino gold project in Russia's far east after doubling its estimate of mineral resources there. Mr Vitaly ...