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Random News from Mining Top News

Farallon Updates G-9 Production Status While Managing Project Expenditures

Dick Whittington, President and CEO of Farallon Resources Ltd. provide an update of activities at the Company’s G-9 polymetallic (zinc, copper, lead, silver, gold) operation on the Campo Morado property in Guerrero State, Mexico, as well as a general corporate update.
As announced in August 2008 mining at G-9 has proceeded based on a 17-month [...]

Tag: jds mining

Phelps Dodge Stakeholder Atticus Capital to Vote in Favor of Takeover by Freeport-McMoRan

Atticus Capital, an asset management company that owns a large stake in Phelps Dodge Corp., said Friday it plans to vote its shares in favor of the company’s takeover by Freeport-McMoRan Copper and Gold Inc.
Under Freeport-McMoRan’s offer, each Phelps Dodge share would be exchanged for $88 in cash plus 0.67 of a common share of [...]

Unico, Inc. Announces Continued Progress on Reconstruction of Mill and Processing Facility at Deer Trail Mine

Unico, Incorporated (OTC BB:UNCN.OB), a natural resource company in the precious metals mining sector, today updated shareholders on progress of reconstruction of the mill and processing facility at the Deer Trail Mine in Marysvale, Utah. Reconstruction of the mill and processing facility is designed to improve both efficiency and capacity in processing operations at the [...]

ArcelorMittal to Increase Its Long Carbon Steel Production Capacity in Brazil

ArcelorMittal, the world’s leading steel company, today announces new investments of US$1.6 billion in its long carbon steel operations in Brazil. The investments are in addition to the US$1.2 billion of investments previously announced in respect of the expansion of the Monlevade plant in Minas Gerais.
These investments will expand ArcelorMittal’s crude steel production capacity in [...]

Tag: brazil rebar production, monlevade steel mill, arcelormittal wire production tonnes, arcelormittal long carbon, what is long carbon steel

Jindals sign contract for Bolivian iron ore mine

Jindal Steel and Power has signed a contract with the Bolivian government to develop the El Mutun iron ore mine in the Latin American country, Naveen Jindal, managing director of the company, said here Thursday.
The Jindals are investing $2.1 billion in Bolivia to set up an integrated steel unit, which will have a capacity [...]

First Quantum Minerals Ltd. Announce Issuance of New First Quantum Shares

First Quantum Minerals Ltd. announced that following the successful completion of the acquisition of Kiwara PLC, an application was made on Friday January 29, 2010 to the London Stock Exchange plc for the New First Quantum Shares to be admitted to trading on the Official List. Furthermore, application has been made to the TSX for [...]

Tag: first quantum minerals ltd

Around 4,500 homes without power due to wind

About 4,500 homes are without power due primarily to wind, according to Appalachian Power.
That 4,500 breaks down like this: 2,100 in the Woodlawn community along the Grayson and Carroll County border and 2,500 in the Roanoke area.
Crews hope to have power back up and running for those folks [...]

MSPL plans IPO to fund iron ore mine buyouts

Iron ore miner MSPL Ltd. is planning an initial public offering to fund iron ore mine takeovers and buyouts of iron ore mining companies in India and abroad, a senior official said.
“We are interested in buyouts of good firms in India and abroad,” Narendrakumar Baldota, chairman and managing director, told Reuters on Thursday.
The company has [...]

Xcel plans to tap wind, water for power needs

The utility is making a bid to turn to “green” alternatives to coal to meet growing electricity needs.
Xcel Energy Inc. is planning to turn to wind and water to head off a forecast shortfall of electricity.
The utility plans to get enough additional energy to power 375,000 homes from the projects, which would begin operating in [...]

HK-listed China Shipping Devt signs iron ore transport deal with Baosteel

China Shipping Development Co Ltd (SHA 600026; HK 1138) said it has signed two long-term iron ore shipping contracts with Baoshan Iron & Steel Co Ltd (Baosteel) (SHA 600019), the country’s largest steel producer.
According to a statement filed with the Shanghai Stock Exchange, the company will ship iron ore along the coast of China for [...]