Argentex Mining Corporation announce the appointment of Mr. Patrick Downey, P.Eng., an accomplished mining industry executive, to the company’s Board of Directors. Mr. Downey has been a highly regarded advisor to Argentex since December 2007, when he was appointed to the company’s formal advisory board.
With over 25 years of international experience in the resource industry, [...]
March 26, 2008) - Red Hill Energy reported today that further to the December 21, 2007 news release, a National Instrument 43-101 report and assay results have been received by the company on its very significant Chandgana Khavtgai coal project. All three of Red Hill Energy’s coal resources are now National Instrument 43-101 compliant as [...]
Ispat Industries’ promoter Pramod Mittal-owned Global Steel Holdings Limited has signed up mining leases for iron ore and coal reserves in Brazil, Colombia and Mozambique.
A GSHL spokesman confirmed the development, saying it has signed multiple iron ore leases with Brazil and for thermal and coking coal exploratory blocks with Colombia and Mozambique.
While the spokesman [...]
City council in Moncton, N.B., voted unanimously Monday night to call on the province to ban all uranium exploration and mining in New Brunswick.
The councillors are particularly worried about uranium exploration on the outskirts of the city.
The mining giant Vale Inco (formerly known as CVRD-Inco) is exploring for uranium south and west of Moncton.
A smaller [...]
The Mozambican government hopes that large scale exploitation of the huge coal reserves at Moatize, in the western province of Tete, will begin in the next three years.
Speaking to reporters at the end of a meeting of the Council of Ministers (Cabinet) on Tuesday, the government spokesperson, Deputy Education Minister Luis Covane, said the government [...]
Recent decreases in the price of nickel do not signal a break in the extraordinary times enjoyed by the industry, including Greater Sudbury miners, observers say.
“The fundamental market, the premiums in the nickel business are still holding up very strong. They haven’t changed at all,” Montreal-based nickel analyst Terry Ortslan said Friday.
After falling below US [...]
Rio de Janeiro-based CVRD (NYSE: RIO) is in talks with international steelmakers to bring new steel projects to Brazil, CFO Fábio Barbosa told analysts and investors in a presentation Thursday.
Barbosa was speaking in São Paulo during an event promoted by finance industry trade group Apimec.
CVRD has a 10% minority stake in the under-construction CSA steel [...]
CHINA continues to chip away at the Australian iron ore duopoly, with two Chinese steel producers signing separate offtake contracts with the BHP Billiton offshoot and steel manufacturer, OneSteel.
Taking advantage of high steel prices and a reconfigured mill at Whyalla, OneSteel has signed 10-year hematite supply deals with Shanzi Haixin Iron & Steel Group for [...]
A 32-year-old Ukrainian oligarch is planning to launch his $2bn (£1.01bn) iron ore mining group on London’s main market next month. The flotation will be the first full UK listing for a company from the former Soviet republic.
Konstantin Zhevago plans to raise around $500bn by selling a quarter of his holding in Ferrexpo, a mining [...]
Brazil’s Companhia Vale do Rio Doce (CVRD), the world’s top iron ore supplier, sees Chinese demand for the mineral growing at an average annual rate of 8 percent through 2012, Macquarie Research said on Wednesday. Macquarie quoted Renato Paladino, CVRD’s chief China representative, as saying global iron ore seaborne demand would grow by 250 million [...]
