London Investor Given Serious Consideration for Baja Iron Project

Cotton & Western Mining, Inc. announced that the company’s Hong Kong credit facility through IBC Strategic is still in place; however, Robert L. Cotton, President & C.E.O., stated that, “Chinese investors are sitting on the fence waiting and watching the market. It is imperative that the company opens production this year in Baja, so we have opened negotiations with a London Group... 

Tag: baja minerals, iron mine investor, mining iron investment, i require serious investors, iron ore mines in baja california

Rockwell Recommends Shareholders Reject Hostile Pala Bid

Rockwell Diamonds Inc. announced that its Board of Directors, based on the recommendation of its Special Committee of independent directors, unanimously recommends that Rockwell shareholders reject the unsolicited offer by Pala Investments Holdings Limited (“Pala”) to acquire all of the outstanding shares of Rockwell for $0.36 per share. After careful consideration, including consultation... 

Rally urges mine safety

FRANKFORT – A top labor leader accused a House committee chairman yesterday of delaying action on a coal-mine safety bill because of his ties to the industry. State AFL-CIO President Bill Londrigan told reporters after a rally in the Capitol Rotunda for a coal-mine safety bill that House Natural Resources and Environment Committee Chairman Jim Gooch has received about $25,000 in campaign contributions... 

Jharkhand seeks time to meet Mittal’s iron ore demand

Jharkhand Chief Minister Madhu Koda has sought a fortnight from Arcelor Mittal Steel to settle the issue of iron ore supply. Jharkhand is unable to meet the steel giant’s demand of 600 million tonnes of iron ore for 30 years to set up a 12 million tonne steel plant. Representatives from the company met Koda in New Delhi Tuesday to discuss the protracted issue. Though Koda asked for more time,... 

Coal Industry Urged to Build New ‘Culture of Prevention’

Coal companies must replace by-the-book compliance with a culture of prevention if they want to eliminate the underground fires and explosions that are killing miners, says a panel of experts releasing recommendations for the industry. The Mine Safety Technology and Training Commission has studied 25 years of fires and explosions to produce more than 70 recommendations aimed at eliminating deaths and... 

Tag: prevention of miners in mining, grayson minning

Questions linger over proposed coal-fired plant

Neighbors to a proposed coal-fired electrical plant met recently to discuss their opposition to the type of plant, the health effects from it and the expedited permit path it’s on. They will have a chance Dec. 7 to speak with a judge about their objections. TXU is seeking state permits to run 11 electricity generating plants that use pulverized coal from Wyoming for fuel. The TXU plants, including... 

Russia Sees Birth of Aluminum Giant

Producers Rusal and Sual reportedly will team with Swiss Glencore to form the world’s top aluminum producer, beating Alcoa for the No.1 spot The deal was openly rumored for weeks, and now it appears to be real. On Oct. 4, according to leaks in the Russian media, Russia’s two largest aluminum producers, Rusal and Sual, and Swiss commodities trader Glencore International, will team up in... 

Engineering firm responds to mining industry rebound

Confidence in the sustained economic growth of China and India and its effect on prices for Arizona’s copper is continuing to revive and expand the mining industry in Southern Arizona. To further emphasize a company commitment to Tucson and its surrounding mines, metallurgy and mining engineering company Aker Kvaerner is expanding again, adding a second, 13,730-square-foot, building on North... 

Tag: aker kvaerner metals tucson az, guy carraux houston, tucson aker solutions employent

Draft EIS on Great Falls coal-fired power plant released

A draft environmental impact statement has been released on a planned coal-fired power plant near here, with the preferred alternative being the one proposed by the co-op that wants to build it. Anne Hedges, program director of the Montana Environmental Information Center, criticized the Department of Environmental Quality’s decision to analyze only three alternatives — including not building... 

Tag: power failure and mining, mining withdrawal eis, coal mine eis, coal fired power eis