mining

India Orissa's 128 mines are closed due to illegal mining

26 Nov 2009 08:21:24 GMT

Nov. 26 MetalBiz--B.K.Handique, minister of India Mining Industry Department, India Orissa's 128 mines are closed due to illegal exploiting...

Mining firms face challenges in foreign market

19 Oct 2009 21:02:01 GMT

By Wang Xinyuan Chinese mining firms are running into obstacles abroad as international competition heats up. "Chinese companies are in a strong position to secure mining and metals investments around the world, but there are challenges from rising equity markets, dedicated resource funds, sovere...

Indonesia unlikely to pass new mining rules in 2009

28 Sep 2009 10:07:31 GMT

JAKARTA, Sept 28 - Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Monday, creating more uncertainty for a sector that is already...

Leighton sees better demand for mining contractors

6 Aug 2009 04:33:56 GMT

MELBOURNE, Aug 6 - Leighton Holdings Ltd , Australia's top mining and infrastructure contractor, has seen a pick up in demand for mining contractors since the end of the first quarter, its chief executive said...

Indonesia plans 20 pct foreign mining sale law

29 Jun 2009 10:41:04 GMT

JAKARTA, June 29 - Indonesia plans to require foreign investors in mining firms to gradually divest shares starting from the fifth year of commercial production, but may relax this if no buyers are found, an...

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24 Jun 2009 08:10:08 GMT

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Q1 south African mining outputs decline 12.8%

20 May 2009 09:51:53 GMT

May 20 MetalBiz-- According to statistics South Africa, the country's total mining production for March was down 4.6% y-o-y, while total mining production for the...

UPDATE 1-Skirmish halts PNG's Ramu nickel mine construction

11 May 2009 06:38:16 GMT

* Ramu nickel mine construction stops after fight * Year-end mine start still achievable * Misunderstanding over injured worker behind violence (Adds details, background, quotes) PORT MORESBY, May 11 - A December 2009 target to...

China restrict the mining of tungsten, antimony, rare earth materials

8 May 2009 09:23:58 GMT

May 8 MetalBiz - In recent time, the Ministry of Land and Resources of China noted it would limit the total mining quantity of tungsten, antimony and rare earth materials to protect and slim down the exploitation ...

China not to accept the proposal to sell Guinea iron ore mining right

28 Apr 2009 09:36:00 GMT

Apr.28 MetalBiz--Wang Fuwen, president of ChinalcoOverseasHoldings, claimed that China had received a proposal to sell an African iron ore mining program right bought...

Zijin Mining Group Q1 net profit increased 20.56%

23 Apr 2009 09:42:25 GMT

Apr.23 MetalBiz--It is reported that Zijin Mining Group made a net profit of 912mln yuan for the first quarter of 2009, raised 20.56% from a year earlier...

ANALYSIS-Japan steelmills eye mines as growth outlook dims

15 Apr 2009 09:20:09 GMT

* Possible investments in Australia, Brazil mines, plants * More South Korean capacity may dent Japan exports * Downward pressure on contract sheet price * SAIL, JSW, POSCO seen winners in Asia TOKYO, April 15...

London Mining eyes 20 mln T/yr iron ore output by 2015

25 Mar 2009 02:29:42 GMT

LONDON, March 24 (Reuters) - UK-based London Mining aims to boost its iron ore output to 20 million tonnes by 2015 to become an alternative supplier for the $800 billion steel industry, its managing director said on Tuesday ...

Indonesia Antam's sets aside $37 mln for coal mines

24 Mar 2009 01:44:42 GMT

JAKARTA, March 23 - Indonesian state-owned miner, PT Aneka Tambang Tbk , has allocated $37 million for acquiring coal mines, the company said on Monday. Antam said last year it planned to acquire coal mines...

China Western Mining says 2008 net down 67 pct

10 Mar 2009 02:52:30 GMT

SHANGHAI, March 10 (Reuters) - Western Mining Co (601168.SS), China's second-largest lead miner, said on Tuesday its net profit plunged 67 percent in 2008 to 570 million yuan ($83.4 million) ...

UPDATE 1-Rio says not delaying Mongolian mine construction

9 Mar 2009 02:05:22 GMT

* Rio says no plans to delay big Mongolian copper-gold mine * Denies media reports the $3 billion project may slow (Adds details) SYDNEY, March 9 - Rio Tinto Ltd/Plc is not planning...

China Western Mining to sell assets for $86 mln

6 Feb 2009 05:30:34 GMT

SHANGHAI, Feb 6 (Reuters) - The parent company of Western Mining (601168.SS: Quote, Profile, Research) plans to sell two units on the Qinghai assets exchange for a combined 590 million yuan ...

Rio Tinto restarts Australian iron ore mines

5 Jan 2009 09:20:11 GMT

SYDNEY, Jan 5 - World No. 2 iron ore miner Rio Tinto Ltd/Plc is restarting its iron ore mines in western Australia after a two-week closure to cut production by about 10 percent due...

China Union to invest in Liberia's iron ore mine

23 Dec 2008 09:36:51 GMT

Dec. 23, 2008 (China Knowledge) - China Union Holding Ltd (China Union)<000036>, a Chinese investment conglomerate, has agreed to inject unprecedented US$2.6 billion into Liberia's iron ore mine, sources reported, citing Tolbert, Liberian Invest...

Yue Da Mining to supply iron ore concentrate to Kunming Steel

12 Dec 2008 10:55:51 GMT

Dec. 12, 2008 (China Knowledge) - Yue Da Mining Holdings Ltd<629>, a Hong Kong-based investment holding company, announced that it has entered into a strategic cooperation framework agreement with Kunming Steel Co, a unit of...

Global Mining sees China mine investment switch

4 Dec 2008 02:34:26 GMT

LONDON, Dec 3 - China is switching towards later stage mining projects in developed countries and away from less developed assets in emerging markets, Keith Spence, president of Global Mining Corp., said on Wednesday. "In...

Zijin Mining plans RMB 1 bln investment home and abroad

28 Nov 2008 10:36:59 GMT

Nov. 28, 2008 (China Knowledge) - Zijin Mining Group Co<601899><2899>, China's second largest gold producer, announced on Friday its board has approved the proposal to invest about RMB 1 billion in the listed overseas and...

Wuhan Steel, IronClad Mining mull JV for iron ore projects

25 Nov 2008 10:11:33 GMT

Nov. 25, 2008 (China Knowledge) - Wuhan Iron & Steel Group (Wuhan Steel), parent of Wuhan Iron & Steel Co Ltd<600005>, plans to set up a 50-50 joint venture with Australia-based IronClad Mining Ltd to...

China to shut 6,000 coal mines in two years

21 Nov 2008 01:17:17 GMT

Nov. 20, 2008 (China Knowledge) - China will shut around 6,000 coal mines in the next two years in a bid to maintain working safety, China Daily reported, citing Zhang Dejiang, vice premier of the...

China Railway Group to acquire stakes in 3 mining firms

18 Nov 2008 13:22:52 GMT

Nov. 18, 2008 (China Knowledge) - China Railway Group Ltd<601390><390>, the country's leading railway and highway builder, announced it has agreed to acquire controlling stakes in three mining firms from its parent China Railway Engineerin...

Huainan Mining acquires stake in Huadian Power

13 Nov 2008 10:24:18 GMT

Nov. 13, 2008 (China Knowledge) - Huadian Power International Corp<600027><1071>, China's largest independent power producer (IPP), Tuesday announced that Huainan Mining Industry (Group) Co Ltd has raised stake in its Wuhu unit by investin...

Fosun to sell 10.91% stake in Zhaojin Mining

12 Nov 2008 10:07:46 GMT

Nov. 12, 2008 (China Knowledge) - Fosun International Ltd<656>, China's largest privately owned conglomerate, announced on Tuesday it planned to sell a 10.9% stake in gold producer Zhaojin Mining Industry<1818> to gold and jewellery retail...

China's Zijin Mining sees more buys abroad in 2009

12 Nov 2008 06:54:40 GMT

BEIJING, Nov 12 - Zijin Mining intends to step up the pace of international acquisitions next year after holding back on acquisitions as commodity prices rose, its chief executive said on Wednesday. The gold miner...

Huaibei Mining to issue RMB 700 mln bonds on Tue

11 Nov 2008 10:44:28 GMT

Nov. 11, 2008 (China Knowledge) - China's Huaibei Mining (Group) Co Ltd, an Anhui-based stated-owned enterprise principally engaged in coal production, starts to issue RMB 700 million bonds with a maturity of seven years on...