Iron Mining Group subsidiary IMG Iron Ore Trading (IMG Trading) has entered into a contract for sale of iron ore to an undisclosed global physical commodities company. Under the terms of the free on-board contract, IMG Trading will deliver 300,000M metric tons (MT) of 63% iron ore to the port of Manzanillo, Mexico. Plant ...
Vancouver-based Aurizon Mines now expects to complete a feasibility study on its Joanna gold project in the third quarter of this year, CEO David Hall said on Wednesday. If all goes to plan the company will target its first production from the mine in late 2013, he told analysts on a conference call. ...
Taseko Mines is implementing ‘Gibraltar development plan 3′ (GDP3) to increase the production capacity at the Gibraltar mine in British Columbia, Canada. As part of development, the firm is planning to invest $235m for the expansion concentrator and molybdenum plant and around $90m for mining equipment. The GDP3 includes the construction of a 30,000t-a-day concentrator ...
Major Japanese utilities may be forced to pay nearly 50 percent more than a year ago for their largest annual thermal coal contracts as floods in Queensland push prices higher, according to an analyst report released Jan 18. The price for the key Japanese fiscal year thermal coal contract could settle at $145 per tonne, ...