The restart of iron ore mining in Karnataka amid multi-year low prices for the commodity is not seen to impact the global seaborne trade in the near-term.
Hitachi Construction Australia is at the forefront of Australia’s mining industry where it continues to supply the market with innovative and cutting-edge machinery of the highest quality standards.
Encoal Energy and Gopher Land Services says Canadian-owned Cobalt Coal stopped paying in May, but "was still actively mining as of this week and is now effectively trespassing because Gopher owns the land where the mine portal is located".
The news follows the closure of Lonmin's Marikana mine in the NorthWest province of South Africa after clashes between rival unions and police left 44 dead.
The lack of excitement haunting the precious metals and mining shares markets over the past year is expected to change in the next few months, says Michael Fowler, senior mining analyst with Loewen, Ondaatje, McCutcheon.