Rajant Corporation Announces Agreement with Caterpillar Dealer, MacAllister Machinery

Rajant Corporation, a leading provider of wireless mining solutions, announced today that it has entered into a reseller agreement with Indiana-based MacAllister Machinery Co. Inc., (MacAllister ) to market, sell and support its BreadCrumb® wireless mesh communications product line. “We look forward to working with MacAllister within the Caterpillar dealer network. With this new dealer agreement,... 

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Coal Demand in India to Grow at a CAGR of 7.58% in the Next Two Years

Research and Markets has announced the addition of the “Indian Coal Industry” report to their offering. India is the third-largest producer and consumer of coal in the world. With proven reserves of 257.38 billion (Bn) tonnes, coal is one of the most abundant sources of energy in the country. In 2007, coal accounted for 51 percent of the primary energy consumed in the country. The coal... 

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Industry Research and Investment Analysis Report on China’s: Iron Ore Mining Industry for 2008

Research and Markets has announced the addition of the “China Industry Research and Investment Analysis: Iron Ore Mining Industry, 2008” report to their offering. The unprecedented growth seen in China, India and Russia has created strong demand for iron ore. China itself consumes over 50% of the world’s iron ore production. The shortage of iron ore will continue until 2011. With... 

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Indonesia denies reports of possible coal export quotas

Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use. The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India. The reports were baseless and the new mining law likely to be passed by Parliament by June would in fact provide more certainty for mining companies, said Simon Sembiring,... 

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Indonesia plans to limit mining areas

Indonesia plans to limit the area that metal and coal miners can explore to prevent domination by a few companies, a legislator said on Monday, a move analysts said could hurt already poor levels of investment. Indonesia has some of the world’s largest deposits of coal, copper, tin, nickel and gold, and is keen to earn more from the sector, particularly as strong demand from China and India is... 

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Sourcing bauxite for smelters a challenge

Finding enough bauxite sources to feed the upcoming aluminium smelters in the Gulf will be a challenge as the region begins to emerge as a major producer of the metal. Availability of cheaper energy has encouraged new investment in aluminium production in the region. Power is responsible for roughly one-fourth of a smelter’s operating costs, while alumina supplies account for 45 per cent. Aluminium... 

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Top bauxite exporter withdraws mining agreements for review

Guinea, the world’s number one bauxite expor-ter, says it is with-drawing agreements made with a U.S. oil company and a Russian-managed bauxite producer as part of a planned review of minerals contracts. The withdrawals were announced in a government statement read on state television Sunday. They referred to a production-sharing contract with American oil company Hyperdynamics and an annex of... 

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Coal Surge Seen by Mobius as China’s Imports

Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history. Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring imports from Australia, Indonesia and Vietnam. “The coal sector in China... 

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Tata to buy Indonesian coal companies

India’s private major Tata Power says it has plans to buy stakes in two Indonesian coal firms owned by Pt Bumi Resources. The company said it will invest $1.1 billion to buy 30 percent in each of the two companies. The company will set up an offshore special-purpose vehicle for the acquisition. “We have not yet finalized financial strategy for the equity purchase,” said Prasad R.... 

Gold Falls, Heading for Weekly Drop on Speculator, Mining Sales

Gold fell, heading for the first weekly drop since early January, on selling by commodity speculators who had helped drive prices to a six-month high two days ago. Mining companies were also sellers. Speculators sold gold when prices climbed to a 26-year high of $730.40 an ounce in May, U.S. government figures show. They probably bought more bullion overnight, on top of holdings that were already the...