November 3, 2011

More bad news for iron ore, coking coal prices: world’s largest steelmaker profits halve, sees worse ahead

ZeeNews report the world's largest steel-maker ArcelorMittal on Thursday reported a dip of over 51% in net income to $659 million for the quarter ended September 30, 2011, due to…

November 3, 2011

ENK successfully produces first nickel from Acoje pilot plant in Philippines

London-listed ENK has announced the first nickel production from its Acoje pilot plant located 250 km north of Manila in the Philippines. Approximately 50 kg (dry weight) of nickel hydroxide…

November 3, 2011

Coal India to quicken search for overseas mines as output drops

Coal India Ltd., facing a drop in output for the first time in more than a decade, is accelerating its search for overseas assets after talks with Massey Energy Co.…

November 2, 2011

The coal mine giant that’s hot to handle

Indonesia's Bakrie brothers ended weeks of uncertainty yesterday, agreeing a last-minute deal to sell nearly a quarter of Bumi, the FTSE 100 listed, Indonesia-based coal giant, to pay off their…

November 1, 2011

Freeport losing 55,000 tpd of mill throughput at Grasberg due to strike

KEYWORDS: Freeport McMoRan Copper & Gold , Grasberg , copper , gold Freeport McMoRan Copper and Gold has lost 55,000 tpd of mill throughput in the quarter to date at…

November 1, 2011

TVI Pacific Inc. receives notice of ordinance that would ban new open pit mining in Zamboanga del Norte

CALGARY, ALBERTA--(Marketwire - Nov. 1, 2011) - TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF) ("TVI" or the "Company") announced today that it has been advised by its Philippine affiliate, TVI Resource Development…

October 31, 2011

Japanese and Chinese firms spend $1.0 billion for Grande Cache Coal

Albertan metallurgical coal producer, Grande Cache Coal (TSX:GCE), was acquired by a Japanese and Chinese firms for about $1.0 billion. The purchase, announced on Monday, represented a 112% premium over…

October 31, 2011

Medusa Mining reports incident at Co-O gold mine, operations unaffected

Medusa Mining Ltd (LON:MML, ASX:MML) said an investigation is being conducted at its Co-O gold mine in the Philippines following an accident last week which killed a miner in a…

October 29, 2011

50% India work for coal-fired power generation completed

Renowned scientist Dr. Samar Mubarakmand said fifty percent work for coal-fired power generation had been completed while the rest would be completed within two months, Geo News reported. With the…

October 28, 2011

Freeport declares force majeure at Grasberg

Ongoing labour unrest at Freeport-McMorran's Grasberg mine in Indonesia has forced the American company to declare force majeure. The announcement made Wednesday effectively allows Freeport to stop shipments from its…