Recent Articles

Peabody Energy bids for ultra low sulfur coal reserves in Southern Powder River Basin

Posted on May 20, 2012

Peabody Energy announced the lease of 402 million tons of ultra low sulfur coal reserves adjacent to its North Antelope Rochelle Mine in the Southern Powder River Basin of Wyoming

Alrosa not planning major investment in Timir iron ore project

Posted on May 20, 2012

Interfax cited Mr Igor Kulichik Russian diamond miner vice president and financial director as saying that Alrosa is not planning major investments in the near term in the Timir iron ore project in Yakutia a 51% stake in which it is selling to steelmaker Evraz Group.

South African steel producers to face collusion charges in tribunal

Posted on May 13, 2012

The Competition Commission has referred a collusion case in the steel industry to the Competition Tribunal and has requested that the tribunal impose a penalty of 10% of each of the steel producers' annual turnover in South Africa. The commission's…

Indonesian Ni Ore export tax levied 20pct

Posted on May 13, 2012

The Indonesian government enforced an export tax system effective May 6th 2012 in which 20% export tax is levied on 14 mineral products of Indonesian origin including nickel ore. As a result Japan and China, two major importers of the nickel ore from…

S Korea to pursue energy and infrastructure projects worth USD 11.1 billion in Venezuela

Posted on April 29, 2012

Yonhap reported that South Korea will pursue 5 energy and infrastructure development projects in Venezuela worth USD 11.1 billion that could open new business opportunities for local companies in the South American country.

Erdemir to start USD 700 million iron ore project

Posted on April 29, 2012

Bloomberg reported that Eregli Demir & Celik Fabrikalari TAS, Turkey’s biggest flat steelmaker, will start USD 700 million investments to develop an iron ore plant by 2016.

Xstrata Coal opens Australian mine training facility

Posted on April 19, 2012

The Baal Bone mine in the Western Coalfields, about 130 kilometres from Sydney and about 26km north west of Lithgow in New South Wales will be used by Xstrata as its regional training centre, where new recruits will spend 12 weeks learning mining skill…

US Navy to build ship hull from titanium

Posted on April 8, 2012

An Office of Naval Research funded project will produce a full size ship hull section made entirely with marine grade titanium using a welding innovation that could help bring titanium into future Navy ship construction.

BHPB coal mines to be hit by new stoppages April 12 – Union

Posted on April 8, 2012

Reuters reported that Australian coal mines owned by BHP Billiton and Mitsubishi Corporation will be hit by a second work stoppage on April 12th 2012, with union workers planning to halt work for two days.

Freeport McMoRan Copper and Gold is moving up

Posted on April 8, 2012

Freeport McMoRan Copper & Gold Inc has done well raising the dividend above 2.6%; this could make the investment a bit more attractive to investors.

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