MINING.COM Staff Writer

allAfrica.com reports: The Australian company Riversdale has announced the investment of 50 million US dollars in importing 11 locomotives and 200 wagons to move coal from the western Mozambican province of Tete to the port of Beira. Riversdale (which was recently taken over by Rio Tinto) operates an open cast mine at Benga, in Moatize district, which is due to start production later this year.

Commodity Online online reports on Thursday rare earth monopoly China’s Jiangxi Province saw its output surged 30.15% year on year to 5,694 metric tons in the first four months of the year, boosted by rising prices. In the first three months of this year, the rare earth industry in Jiangxi realized RMB4.95bn ($770m) in operating revenue, up 83% from the first quarter 2010, due to increases in both output and prices. The industry saw its gross profit surged 166% year on year to RMB934m ($144m) during the period.