AngloGold Ashanti Output Up 5% on Geita, Vaal River Turnarounds

AngloGold Ashanti said third quarter production rose 5 percent as a result of continued improvements at its Geita mine in Tanzania and fewer safety related interruptions at its Vaal River operations in South Africa. “We continue to make breakthroughs in effecting the turnaround at Geita,” Chief Executive Officer Mark Cutifani said. “We’ve also made some strong safety gains at... 

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The Linde Group to invest in largest air separation plant in India

The technology group The Linde Group today announced it will build and commission a state-of-the-art 2,550 tonnes per day (tpd) air separation unit (ASU) at Tata Steel Ltd’s plant in Jamshedpur, India. Tata Steel is one of the world’s leading steelmakers. Once commissioned in early 2012, this will be the largest air separation plant in India and one of Linde’s largest in Asia. The... 

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Indian Globalization Capital Wins Chinese Iron Ore Contract Valued at $1.8 Million

India Globalization Capital, Inc., a company competing in the rapidly growing materials and infrastructure industry in India, today announced it was awarded an iron ore supply contract worth $1.8 million. The third in a recent series of contracts with Chinese companies, the order totals 40,000 metric tons (mT) of iron ore. “This third order will ship out of the port in Goa on the west coast of... 

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Cliffs Natural Resources to Exercise Right of First Refusal and Acquire Partners’ 73.2% Interest in Wabush Mines

Cliffs Natural Resources Inc. announced that it plans to exercise its right of first refusal and acquire U.S. Steel Canada’s 44.6% interest and ArcelorMittal Dofasco’s 28.6% interest in the Wabush Mines joint venture. On Oct. 9, Consolidated Thompson Iron Mines Ltd. announced an agreement with Wabush Mines’ other two joint venture partners, U.S. Steel Canada (44.6%) and ArcelorMittal Dofasco... 

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Mechel Announces Deal to Acquire Coking Coal Assets of Bluestone Coal Corp.

Mechel OAO, one of the leading Russian mining and metals companies, announced that its subsidiaries have closed the acquisition, which was reported on April 22 2009, of U.S. entities Bluestone Industries, Inc., a West Virginia corporation, Dynamic Energy, Inc., a West Virginia corporation, JCJ Coal Group, LLC, a Delaware limited liability company and some of its West Virginia affiliates, privately-held... 

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Cliffs Natural Resources Inc. Takes Actions to Reduce Metallurgical Coal Production

Cliffs Natural Resources Inc., citing a continuing softness in the demand for metallurgical coal used by the steel industry, announced that it is taking a number of steps at its mines in West Virginia and Alabama to align its 2009 production with customer demand. In West Virginia, its wholly owned subsidiary Pinnacle Mining Company LLC , has indefinitely idled its Green Ridge No. 1 mine. In addition,... 

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Wits Basin Completes Iron Ore Joint Venture in China

Wits Basin Precious Minerals Inc. announce that China Global Mining Resources (BVI) Limited (CGMR), its 50/50 joint venture company with London Mining Plc, has completed the acquisition of two companies, Maanshan Xiaonanshan Mining Co., Ltd and Nanjing Sudan Mining Co., Ltd, which own an iron ore mine and concentrator plant located in the Anhui and Jiangsu Provinces of the Peoples Republic of China.... 

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ArcelorMittal Denies Intention to Sell Brazilian Assets

ArcelorMittal categorically denies any intention to sell its Brazilian assets, contrary to rumours reported in the Brazilian media. ArcelorMittal’s Brazilian operations are amongst the most competitive steel operations in the World and are at the heart of the Group’s strategy. ArcelorMittal is the world’s leading steel company, with over 326,000 employees in more than 60 countries. ArcelorMittal... 

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Ivernia Announces Final Government Approval for Magellan Sealed Shipments Through the Port of Fremantle

Ivernia Inc. and it’s wholly owned subsidiary, Magellan Metals Pty Ltd announce final approval by the Western Australian Minister for Environment for the Company’s sealed shipments of Magellan lead carbonate concentrate through the Port of Fremantle in Western Australia. Magellan’s sealed shipment process has been extensively reviewed and endorsed by all relevant regulatory authorities.... 

ArcelorMittal Extends Port Agreement With Adriana

Adriana Resources Inc. announces that the Company and ArcelorMittal have agreed to extend the time to complete the definitive agreement contemplated in the Port Agreement from January 9 to April 22, 2009. Michael Beley, President and CEO of the Company, stated, “Adriana continues to focus on obtaining a construction permit to develop a multi-partner, multi-use iron ore port facility in the State... 

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