Archive for March, 2008

Asia Coal-Prices fall to a 5-wk low on tepid demand

March 24th, 2008
Asia Coal-Prices fall to a 5-wk low on tepid demand

Coal prices for power generators at Australia’s Newcastle port, a benchmark for Asia, fell to a five-week low of below $125 a tonne, due to tepid spot market demand and increased supplies from China.
Thermal coal prices fell $5.22 from a week earlier to $124.36 a tonne, the globalCOAL’s NEWC weekly index showed in the week [...]

Fresh trouble may further delay UAIL project

March 24th, 2008
Fresh trouble may further delay UAIL project

The Rs 4,000-crore alumina refinery project of Utkal Alumina International Ltd (UAIL) in Kashipur, Rayagada district, seems destined to be further delayed. The project, which has been hanging fire for the last 16 years, is facing fresh trouble from local inhabitants. “Work on the site has stopped for the last three weeks as project-affected [...]

Indian Firm Commits $5 Million to Coal-Powered Energy

March 24th, 2008
Indian Firm Commits $5 Million to Coal-Powered Energy

India’s Era Engineering Innovations (EII) has committed an investment of US$5 million into coal-powered energy generation in Zambia following the just-ended Conclave on Indo-Africa Project Partnership in New Delhi.
Commerce, Trade and Industry Minister, Felix Mutati, who led the Zambian delegation to the meeting signed a Memorandum of Understanding (MoU) with EII director, Ajay Mishra over [...]

Sand making machine, Sand maker

March 24th, 2008
Sand making machine, Sand maker

Sand Making Machine (namely PCL Vertical shaft impact crusher) is of high-power and low-consumption, which is designed depending on several year’s hard work and study of mechanical mining equipment.
Sand Making Machine absorbed the advanced technology of the same products of Barmac Company of America, now is of the international level. Sand Making Machine plays an [...]

Chhattisgarh earns Rs.7 billion in mineral royalty

March 24th, 2008
Chhattisgarh earns Rs.7 billion in mineral royalty

Chhattisgarh has earned around Rs.7 billion royalty on coal, bauxite and iron ores during the first nine months of the current fiscal 2007-08, officials here said Monday.
The state, which has nearly 18 percent of the country’s total coal deposits and about 20 percent of nation’s iron ore reserves, earned Rs. 8.32 million royalty revenue in [...]

Wave Uranium Adds Industry Veteran to Advisory Board

March 24th, 2008
Wave Uranium Adds Industry Veteran to Advisory Board

Wave Uranium announced the addition of Robert Horton to its Advisory Board. Wave’s Advisory Board is comprised of members that are mining and mineral exploration veterans with extensive experience in the Colorado Plateau Region and the uranium industry in general. Wave’s newest advisor will review and advise the Company on current and potential uranium [...]

Lea County OKs incentives for possible uranium enrichment factory

March 23rd, 2008
Lea County OKs incentives for possible uranium enrichment factory

Lea County Commissioners have approved economic incentives for a company that is considering building a $2 billion uranium enrichment factory in southern New Mexico.
Local officials hope the incentives will help them as they prepare to make a final pitch next week to Areva Inc. Areva Inc., a subsidiary of Paris-based Areva, also is mulling possible [...]

Areva, Technip in JV to build uranium mines

March 23rd, 2008
Areva, Technip in JV to build uranium mines

A statement released by Australia’s Areva SA which is the world’s leading nuclear-plant builder revealed that the company is planning to double uranium production in five years, Bloomberg reported.
The statement further revealed that the company will form a joint venture with Technip SA that will invest $4.7 billion in mining. Technip and Areva will create [...]