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European Goldfields and Eldorado tie-up: At last investors can cheer news about Greece
The $2.5 billion deal saw European Goldfields add 6.4% in afternoon trade on Tuesday while Eldorado gained 6% to bring their combined market value to $10 billion.
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China has invested $14 billion in the oil sands, and that’s a good thing
MINING.com Editor | February 22, 2012A think tank is pushing back against the perception that Chinese firms are locking up Canadian resources, but rather are providing an important financial boost to the sector.
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Chinese coal miners discover a 300 million-year-old forest preserved in a layer of ash
Michael Allan McCrae | February 21, 2012
Chinese coal miners discovered a botanical Pompeii, a 298 million year old forest well-preserved in ash from a sudden volcanic eruption.
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Concerned Canadian unions say BC government is leaving coal in China’s hands
Cecilia Jamasmie | February 21, 2012
In unveiling Canada’s British Columbia’s job-creation strategy last September, the Premier Christy Clark said the government planed to capitalize on high demand for minerals, especially in Asia, by opening up eight new mines in the next four years and expanding nine more by 2015.
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China Steel to invest in Australian coal project
Mineweb | February 21, 2012Taiwanese steelmaker, China Steel, will pay $104 million to invest in a coal mine in Australia and take rights to 10% of the future output, in a move to counter the impact of higher coal prices.
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China gets foothold in Africa with Minmetals’ Anvil acquisition
Andrew Topf | February 21, 2012
In what is being regarded as the first major African mining play by a Chinese company, China Minmetals succeeded Friday in closing its $1.3 billion bid for copper miner Anvil Mining.
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Did China’s central bank buy 139 tonnes of gold in the fourth quarter?
Seeking Alpha | February 20, 2012After surging in January, prices for gold and silver have been remarkably steady through the first three weeks of February, setting the stage for a possible big move sometime in the period ahead – direction unknown – as bearish technical factors contrast with bullish reports of increased demand by China, India, and central banks around the world.
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The Sinopec File
The Tyee | February 20, 2012
Pollution, bribes, more. Nikiforuk pries open the record of China’s oil giant, business partner for Northern Gateway pipeline, The Tyee reports.
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Bank of China moves closer to London Metals Exchange membership
Mineweb | February 20, 2012Bank of China International (BOCI) is on track to become the first Chinese member of the London Metals Exchange – giving the bourse a boost while it is considering possible takeover bids – following authorisation by the UK financial regulator.
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India’s gold demand drops below China in Q4
Kashmir Times | February 19, 2012
Wild price swings caused by a volatile rupee sapped Indian buying interest in gold in the fourth quarter of 2011, with imports well short of expectations and no pick up expected this year, dropping it behind China for the first time.
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HK exchange named in latest LME takeover bid
Today Online | February 19, 2012Hong Kong Exchanges & Clearing has reportedly bid for the London Metal Exchange in an attempt to diversify into commodities trading.
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Sunshine Oilsands begins offering shares in $605 million IPO
BusinessWeek | February 19, 2012Sunshine Oilsands Ltd. will tomorrow begin offering shares in an initial public offering to raise as much as HK$4.69 billion ($605 million), the holder of Canadian oil-sand leases said.
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Longest slump in iron ore since Oct on Chinese stockpiles
Financial Express | February 17, 2012Iron ore dropped for a seventh day, the longest losing run in more than three months, as the biggest consumer China may slow buying because of increased stockpiles.
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Russia Cuts 2011 Coking Coal Exports 21 pct as China Demand Drops
Hellenic Shipping News Worldwide | February 16, 2012Russian exports of steelmaking coal declined 21 percent last year to 14.2 million metric tons because of lower demand from China and periodic halts at some Siberian mines.
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China coal mine tramcar accident kills 15, injures 3
Straits Times | February 16, 2012Fifteen miners died and another three were injured after a tramcar derailed in a coal mine in central China, authorities said on Thursday, in the latest accident to hit the nation’s mining sector.
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Vale profits fall 21% after bending to Chinese steelmakers
MINING.com News | February 16, 2012
Vale is the world’s largest producer of iron ore and a top nickel miner, reported a quarterly net profit of $4.67 billion, compared to $5.9 billion in the same quarter last year.
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Education - Latest News
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Improved Education System in South Africa Needed to Take Advantage of Mineral Opportunities
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Josh Fischman: Does Engineering Education have to Change to Stem the Dropout Rate?
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South Africa develops Qualification for Health and Safety Advisor
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Rio Tinto bets on future of automated mining
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High school grads crush teacher salaries with +$50K/yr mining jobs
