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Random News from Mining Top News

Bounty Oil & Gas Announces 2008 Share Purchase Plan

Bounty Oil & Gas announced that the Company will issue up to a maximum of 55m new shares, which if all taken up will raise $2.75m (before costs). The funds raised will be used primarily to fund the company’s share of costs; and for strategic upstream petroleum opportunities and other working capital purposes. Under the [...]

PotashCorp Announces Ratification of Labor Contracts at Cory, Allan and Patience Lake

Potash Corporation of Saskatchewan Inc. announced that employees represented by United Steelworkers’ (USW) Local 7689 at Allan, USW Local 7458 at Cory and USW Local 189 at Patience Lake, voted to ratify collective agreements tentatively agreed upon on November 7. The three-year agreements are retroactive to May 1, 2008.
The cost of the settlements does not [...]

Nickel price up on low supply, Chinese stainless steel output

Demand for nickel is principally linked to the production of stainless steel which makes up around 62 pct of nickel usage worldwide, particularly the 300 series with a 8-12 pct nickel content. China last year tried to push a lower grade nickel 200 series into the market due to high nickel prices — a [...]

India: Mineral production grows by 3.3 per cent in May

Mineral production from mining and quarrying sector in May grew 3.3 per cent at Rs 6,503 crore as compared to that in the preceding month.
The production figures did not include atomic and minor minerals.
Production in May was higher by three per cent over the same month of the last year, an official release said.
The mineral [...]

Zimbabwe: Steelmakers Set to Triple Coal Output

STEEL manufacturing company Steelmakers, which began coal production two months ago, aims to boost its coal production from the current 30 000 tonnes per month to 100 000 tonnes by March, and has already come to the rescue of three top industries by supplying them with badly needed coal.
Through its new coal-mining subsidiary Chiredzi Ores [...]

Tag: coal in zimbabwe, zimbabwe coal mines, zim alloys, steelmakers zimbabwe, steelmakers

VX boss keen on bio-ethanol BTCC.

VX Racing team boss Ian Harrison says he believes the Dunlop MSA British Touring Car Championship should become a bio-ethanol fuelled series in an effort to take the championship to an even bigger audience.
Alternative fuels have become a feature of the series over the past few seasons, initially in 2004 when Mardi Gras ran a [...]

Abitex Resources Inc. Announces Proposed Acquisition of Central Uranium Corporation

Abitex Resources Inc. Mr Yves Rougerie, President and CEO of the Company is very pleased to announce that, further to its press release dated April 9, 2008, it has entered into a share exchange agreement with Central Uranium Corporation pursuant to which Abitex will acquire all of the issued and outstanding common shares of Central [...]

China steel association denies boycott of BHP Billiton, Rio Tinto iron ore

The China Iron & Steel Association (CISA), a semi-official industry organization, has denied media reports that Australia’s largest miners BHP Billiton Ltd and Rio Tinto Ltd have been banned from selling iron ore in China.
CISA vice chairman Luo Bingsheng said there was no such ban at a media briefing here.
However, Luo also told reporters that [...]

Landmark elections could spark DRC mining boom

Landmark elections in the Democratic Republic of Congo (DRC) this month could usher in a mining boom for the country whose mineral riches in the past have produced as much war, corruption and misery as wealth.
The July 30 polls are seen as a crucial step in bucking a historical trend in the DRC: from the [...]

Tag: list of mines in drc

Guinea strike halts CBG bauxite shipments – Alcoa

Guinea’s general strike has halted all shipments of bauxite from the world’s biggest bauxite exporter, Compagnie des Bauxites de Guinee (CBG), its operator Alcoa Inc. said on Monday.
Company officials in the West African country, the top bauxite exporter, had previously said ship loading operations could continue for around a week using security stocks, but Alcoa [...]

Tag: alcoa produces and bauxite, cbg guinee, cbg strike, bauxite port in guinea name, top bauxite mining companies