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Random News from Mining Top News

China Shen Zhou Mining & Resources, Inc. Wins New $1.6 Million Supply Contract for Nonferrous Metal Concentrates

China Shen Zhou Mining & Resources, Inc., a leading company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced one of its subsidiaries, Xingzhen Mining, in Xinjiang Uyghur Autonomous Region, has signed one new supply contract for copper and zinc concentrates with Weng [...]

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West Bengal CM for clear iron ore policy

West Bengal Chief Minister Buddhadeb Bhattacharya today said the Centre should come out with a clear policy on iron ore and treat it as a national asset like coal.
Speaking at the agreement signing ceremony between JSW Limited and the state government, Bhattacharya regretted that the Centre was allowing iron ore export without thinking about the [...]

Ukrainian iron ore producer signs 3-yr deal with Fujian San Steel

Ukraine’s Poltava GOK mining company has signed a three-year contract to supply iron ore to China’s Fujian San Steel, Ferrexpo AG, the Swiss company that owns Poltava GOK, said in a
press release.
China accounted for 1% of Ferrexpo’s sales in 2004, rising to 12% [...]

Danaya wants new mining agency junked

WESTERN province Governor Dr Bob Danaya has called for the immediate abolition of the Mineral Resource Authority (MRA).
Dr Danaya said the setting up of MRA was improper and also criticised the Mining Department for the exploitation of landowners’ mineral resources.
”Parliament had bulldozed the legislation without any serious thought on the implications it would create on [...]

Quantum Fuel Systems Wins Solar Contract

Quantum Fuel Systems Technologies Worldwide Inc. says its German solar partner, Asola Advanced and Automotive Solar Systems GmbH, won a $17 million contract from Sunworx GmbH for the supply of high-efficiency silicon photovoltaic solar modules. Sunworx will take delivery of the modules this year.
Quantum and Asola recently announced plans to triple solar module production capacity [...]

Arch Coal Posts Profit in 4th Quarter From Year-Ago Loss, As Cost-Cutting Offset Weak Demand

Arch Coal Inc. on Friday reported a profit in the fourth quarter compared with a year-ago loss, as cost-cutting and expanded operating margins more than offset weak demand for coal.
The nation’s second-largest coal producer posted a profit of $79.5 million, or 55 cents per share, in the period ending Dec. 31, compared to a loss [...]

Goldcrest announces results from its 1,385m RC drilling program

Goldcrest Resources Ltd. is pleased to announce results from its recently completed reverse circulation (“RC”) drilling program on its 100% owned Kampti permit located in southernmost Burkina Faso, West Africa. A total of 16 holes were drilled to depths of up to 171 metres all at a 50 to 60 degree inclination to the west. [...]

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Barrick Announces Bought Deal Increased to $3.5 Billion

Barrick Gold Corporation announced today that it, in response to strong investor demand, has entered into an agreement to increase the size of its previously announced bought deal equity offering of approximately $3.0 billion (81.2 million common shares) to approximately $3.5 billion (94.8 million common shares) at a price of $36.95 per share. The offering [...]

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Underground mining program shut down

The Underground Mining Training Center at Montana Tech has closed after running out of cash.
The program, funded with a $1.6 million federal grant, graduated 33 students before shutting down last April, said Pete Knudsen, dean of the school of mines at Montana Tech.
The grant was approved in 2001 with the backing of U.S. Sen. Conrad [...]

Rio Iron Ore Output Falls From Record on Maintenance

Rio Tinto Group, the world’s third- largest mining company, said iron ore production fell from a record in the fourth quarter because of extended maintenance in Western Australia.
Output of the steelmaking raw material, Rio’s second-highest profit contributor, dropped to 35.1 million metric tons in the three months ended Dec. 31 from 35.7 million tons [...]