October 11, 2011

NTPC stir sparks coal crisis

Patna, Oct. 10: The power supply to Bihar from the central sector dipped further today because of the ongoing crisis at the National Thermal Power Corporation (NTPC) Kahalgaon plant. The…

October 11, 2011

Brazil becomes net wire rod importer as exports fall

For full access to this news item and Steel Charting please login or subscribe.Brazilian exports of wire rod in September tumbled by two-thirds on Augusts level to a mere 10,000t,…

October 11, 2011

World energy consumption will grow 53% by 2035

World energy consumption is set to grow 53% by 2035 and most of that energy will be coming from fossil fuels, according to a study by the U.S. Energy Information…

October 11, 2011

Agnico Eagle production is up 11%

Agnico Eagle's production (NYSE:AEM) totaled 265,978 ounces, an increase of approximately 11% over the second quarter 2011 level of 239,328 ounces due to improved performance at Kittila Mine and Meadowbank…

October 11, 2011

Fort McMurray floats LRT as a solution to traffic woes

Edmonton Journal reports that regional planning directors are considering LRT, light rail transport, to solve traffic jams along Highway 63. As more workers pour up north to work on the…

October 11, 2011

Banpu moves to raise Hunnu Coal interest beyond 25 pct

PERTH (miningweekly.com) Asian coal and energy provider Banpu Minerals has increased it shareholding in takeover target Hunnu Coal to over 25% after receiving Foreign Investment Review Board approval. The deal…

October 11, 2011

Nimrodel extends Botswana coal exploration footprint

PERTH (miningweekly.com) Australia-listed Nimrodel Resources has signed a farm-in and joint venture (JV) agreement to acquire up to 65% of Botswana-domiciled company Triprop Energy. The agreement with Triprop increased Nimrodel’s…

October 11, 2011

West Southdown a ‘significant addition’ to AMMG’s iron-ore portfolio

PERTH (miningweekly.com) ASX-listed (AMMG) has reached an agreement with Minemakers to acquire its 80% interest in the West Southdown project, in Western Australia. The newly named Southdown extension project comprises…

October 11, 2011

Nanjing maintains normal operation after fatal accident

China’s Nanjing Steel says it is maintaining normal production after a fatal accident at its iron making plant last week. Twelve ...

October 11, 2011

First China exec to chair Worldsteel ‘a good thing’: DiMicco