August 13, 2011

New operation at Climax mine causes to change molybdenum market

TEX reported that the Climax open cut mining mine, which has been located in Colorado State of the USA with annual capacity of 30 million pounds of Mo and has…

August 13, 2011

South Korean H1 CR stainless steel sheet output up by 4pct YoY

According to data of Korea Iron and Steel Association, South Korea produced 638,957 tonnes of stainless steel sheets in the first half of 2011, up by 4.2% YoY in comparison…

August 13, 2011

Ausdrill wins USD 75 million contract from FMG

Ausdrill said that it is set to win a three year, USD 75 million contract with Fortescue Metals Group covering its Solomon iron ore project in the Pilbara.

August 13, 2011

US coal use off 3pct from previous week – Genscape

Genscape said that US coal consumption was off 3% in the past week, as widespread easing of summer heat and fuel-switching by power providers cut coal demand.

August 13, 2011

Taiwan iron and steel export value in July up by 12pct

According to the statistics released by the Taiwan ministry of finance, Taiwan's iron and steel exports value in July this year amounted to USD 1.76 billion, increasing by 12.2% compared…

August 13, 2011

Indian iron ore mining mess – Over 40 mines operating in Goa sans mandatory permits – PAC

The Public Accounts Committee constituted by the Goa State Legislative Assembly has collected data, which confirms that large quantity of ore was tapped by firms without proper mining permissions in…

August 13, 2011

Casualties from coal mine explosions fall sharply in China

The number of deaths caused by coal mine gas explosions in China declined sharply during the first half of this year, coal mine safety authorities said. A total of 245…

August 13, 2011

Ivanhoe Mines announces financial results and review of operations for the second quarter of 2011

Ivanhoe Mines (TSX: IVN)(NYSE: IVN)(NASDAQ: IVN) today announced its results for the quarter ended June 30, 2011. All figures are in US dollars, unless otherwise stated. Ivanhoe Mines (TSX: IVN)(NYSE:…

August 13, 2011

Commodities to extend gains, say GCM Worldwide

Retail sales in the U.S. climbed 0.5 percent in July, the most in four months, following a 0.3 percent increase in June that was larger than previously estimated, GCM Worldwide…

August 13, 2011

U.S. may ship more coal, raising EU supply

The U.S. may increase coal exports, further boosting supply of the commodity in Europe, Macquarie Group Ltd. (MQG) said. “A big push” to encourage natural-gas burning in the U.S. may…