Posts Tagged ‘China’

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Powering China’s Juggernaut: Truckers Hauling Coal

September 20th, 2006
Powering China’s Juggernaut: Truckers Hauling Coal

Hunched over his steering wheel, Zhu Dexiu turned the key in the ignition as the engine rumbled awake and his coal truck lurched forward. The journey lasted about 30 feet. Then Mr. Zhu switched off the engine and waited for the next flurry of driving, maybe another 20 minutes off.
It was 2 p.m. His [...]

Australian Mining Shares Decline, Led by BHP; Rinker Advances

September 18th, 2006
Australian Mining Shares Decline, Led by BHP; Rinker Advances

Australian mining stocks fell, led by BHP Billiton and Rio Tinto Group after prices of metals such as nickel and copper dropped.
Companies with U.S. earnings, such as Rinker Group Ltd., rose on signs of slowing inflation in the world’s biggest economy.
The S&P/ASX 200 Index added 1.1 points to 5037.50 as of 11:06 a.m. in Sydney. [...]

Vietnam sets bauxite development plan

September 18th, 2006
Vietnam sets bauxite development plan

Vietnam is considering a $1 billion joint venture with U.S. aluminium producer Alcoa Inc. to mine bauxite and refine alumina in the Central Highlands.
Following is a list of proposed bauxite projects in Vietnam to be funded by the government or through joint ventures with foreign companies.
The draft report was compiled by Vietnam’s Mining and Metallurgy [...]

Nuclear resurgence fires up uranium

September 18th, 2006
Nuclear resurgence fires up uranium

The last U.S. uranium mill ever built, in this parched landscape near Lake Powell, shut down almost as quickly as itstarted operating as nuclear power fell into disfavor about two decades ago.
Keith Larsen, chief executive for U.S. Energy Corp., picked up the mill 10 years later for practically nothing, banking it for better days. His [...]

Lee one-sided on mining, firm says

September 18th, 2006
Lee one-sided on mining, firm says

A company planning to operate a phosphate mine in Hardee County says Lee County officials have heard only part of the story in opposing the project.
“None of the commissioners have ever contacted Mosaic,” said David Townsend, spokesman at Plymouth, Minn.-based Mosaic Co., which proposes to mine 4,197 acres of a 20,000-acre property known as the [...]

SAIL bags award for its mining technology

September 17th, 2006
SAIL bags award for its mining technology

State-run SAIL today said it has bagged the first Prize for design and concept of its coal mining technology at the 6th International Trade Fair.
In the Fair organized by Indian Institute of Metals the company showcased its coal mining technology used in the extraction of iron ore, SAIL said in a release.
The three-day event was [...]

World’s 5th largest mining firm drawn to Diwalwal

September 17th, 2006
World’s 5th largest mining firm drawn to Diwalwal

STATE-RUN Natural Resources Mining Development Corp. (NRMDC) is seeking a joint venture partner to develop a mining project in the Mount Diwalwal gold rush area in Mindanao.
NRMDC, a unit of the Department of Environment and Natural Resources, plans to auction the project before yearend, or as soon as it completes a feasibility study detailing the [...]

European Mining, Oil Stocks May Fall; Scania, Veolia May Gain

September 17th, 2006
European Mining, Oil Stocks May Fall; Scania, Veolia May Gain

European mining and energy stocks may fall as copper prices dropped and oil traded below $64 for the fourth day. Shares of Rio Tinto Group and BP Plc may pace the decline.
Scania AB may advance on speculation MAN AG may offer about $11.9 billion for the Swedish truckmaker. Veolia Environnement SA may gain after earnings [...]