BHP Billiton announced changes to its senior management team: Alex Vanselow, Group Executive and Chief Financial Officer, will retire from BHP Billiton following February 2012. He will be succeeded by Graham Kerr, recently President of Diamonds and Specialty Products; and Mike Henry, President of promoting, will join the Group Management Committee as Group Executive and ...
Century Iron Mines, an iron ore miner with projects in Quebec and Newfoundland and Labrador, has reached a $120 million development cope with WISCO Resources, among the third largest steel producer in China. WISCO Resources, which holds an approximate 25% interest in Century Iron, invested $120 million in return for a 40% fascination with three ...
Australia’s total purchase of mining industry soared with a third prior to now six months to the record $231.8 billion, using the Bureau of Resources as well as Economics latest Mining Industry Major Projects – October 2011 report. The research, issued today, features a record 102 projects with an advanced stage of development, including 40 ...
MUMBAI: India’s steel demand probably will grow by 6 per cent in the present fiscal year, nearly half the earlier forecast, as higher rates of interest squeeze demand from your automobile and construction sector, the country’s top domestic steel maker said. toggle jaw crusher for sale Maintaining the last forecast of 10 to 12 % ...
Investors are pondering why Russian steel-maker Magnitogorsk Iron and Steel Works is buying Flinders Mines (ASX:FMS) for A$554 million. Flinder’s main asset is the Pilbara iron ore project, a 917.3Mt JORC-compliant resource located in Western Australia. MMK is Russia’s third largest steel company. This past year it had revenue of $7.7 billion and net income ...
The arrival of four tiger cubs in Tadoba — considered as one of the flourishing habitats for the striped cats — has brought cheers to wildlife lovers. However the rampant coal mining in Chandrapur and its surrounding areas pose a grave threat to tiger conservation and protection. India’s tiger population has dwindled from tens of ...
CANBERRA, Nov 23 (Reuters) – Australia’s plan to impose a 30 percent tax on its booming iron ore and coal sectors cleared its biggest political hurdle on Wednesday when legislation passed parliament’s lower house after a last-minute deal to win support from the influential Greens. The vote is a major victory for Prime ...
They were supposed to be the vessels that will ferry iron ore from the world’s largest exporter to the world’s largest customer of the crucial steelmaking ingredient. Instead, Vale’s new fleet of iron ore carriers could remain moored at home docks because the Chinese don’t want them. Bloomberg reports that the Vale Brasil, the largest ...
Scientists claim to have made the world’s lightest material—so light it can float on top of dandeloin fluff—and they made it out of nickel. The metal used matters less than the structure. The material, developed by researchers at HRL Laboratories, LLC, is made out of micro-lattices that maximize strength in relation to the amount of ...
Vermeer Corp and subsidiary Vermeer Western Australia and Northern Territory have announced that Fortescue Metals Group has agreed to purchase 14 Vermeer Terrain Leveler surface excavation machines (SEMs) to be used at its iron ore mining operations in Western Australia. “This order comes after significant investment in product development by Vermeer, as well as commitment by the local dealer to ...
Panaji, Nov 19: China has began looking out for alternative markets to compensate for the Iron Ore trade deficit anticipated from India due to the prevailing crisis, a senior official said. “India’s Iron Ore supply is not very stable. Who can tell what is the policy about the Iron Ore? Chinese companies are looking ...
The price of iron ore spiked to a one-month high today, with benchmark Australian iron ore rising to $140 a tonne. FT (sub required) reports that Chinese steelmakers, which halted spot market purchases last month amid concerns about an economic slowdown and tight credit conditions, are able to obtain import financing. That, combined with higher steel ...
Mitsubishi has completed the acquisition of Anglo American’s 24.5% interest in Anglo American Sur (AAS) for $5.39bn. ASS’ assets include the Los Bronces mine, the El Soldado mine, the Chagres smelter and large-scale prospective exploration properties in Chile. The assets produce about 260,000tpa of copper and this is expected to increase to 440,000tpa ...
Coal India Ltd (CIL) posted a 73 per cent rise in net profit to Rs 2,593 crore in the July-September quarter compared with the same period last year, riding primarily on higher interest income from Rs 45,000 crore of cash reserve. The company earned an additional Rs 756 crore of interest in the second ...
The Sydney Morning Herald reports in a major policy victory for Australia’s Gillard government’s controversial carbon pricing scheme has passed parliament with Labor and the Australian Greens forcing the 18 so-called clean energy bills through the Senate. The laws – fiercely opposed by the country’s mining sector which says it will lead to more than ...
The Guardian reports Scottish ministers are expected to order a public inquiry into plans to build the UK’s only new coal-fired power station with carbon capture and storage (CCS) technology after it suffered another serious setback. The latest delay follows unprecedented public opposition to the $4.8 billion project and will also damage proponents of ...
October 20, 2011, the Shanghai Shibang enterprise development strategy meeting was held at the Group headquarters. As a company that has won the “High-tech Enterprise” certification, every year, the Group’s investment in R & D are more than 3% of total sales. In the meeting, the group’s chairman made it clear that it will further ...