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 ...
[Source From: http://www.stone-crusher.org/blog/index.php/news-2/sbm-newsservice-to-win-trust-sbm-frequently-receive-customers-large-order/] June 2011, Venezuela, single turnover of 13.45 million yuan; June 2011, Chile, single turnover of 6.72 million yuan; July 2011, Saudi Arabia, single turnover 6.64 million yuan; July 2011, France, the single turnover of 7.62 million yuan; July 2011, Ghana, single turnover of 14.08 million yuan; August 2011, Kazakhstan, single turnover of ...
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 ...
US Nickel is purchasing a Ball Mill to begin construction of a 500,000t-per-annum gold processing plant at the Bullant mine project near Kalgoorlie, Australia. The purchase includes associated drives and pumps located north of Leonora, Australia. The company is awaiting shareholder approval and settlement of the Bullant mine acquisition, which is expected next month. Preliminary ...
Anglo American has secured a key licence for the development of its Minas-Rio iron ore project in Brazil. The award of the second part of the mine installation licence was granted by SUPRAM, the Minas Gerais state agency responsible for environmental licensing. The award of the licence enables the firm to initiate civil construction works ...
Heavy rains in central Queensland, Australia, have stalled Rio Tinto’s mining operations in the region. The firm declared force majeure for three of its mines – Clermont, Blair Athol and Hail Creek – which been affected by the weather, reports the BBC. Since September, heavy rains have impacted coal output and transport, leading to a ...
TSX-listed Stornoway Diamond Corp will buy the 50% it does not own in the firm’s flagship Renard diamond project from a Quebec government company, in exchange for shares in Stornoway and a 2% revenue royalty on future production from the project. Stornoway will issue common voting shares equal to 25% of the company to Diaquem, ...