China will consolidate coal mines and boost output of good quality coal while controlling overall production, the country’s planning agency says in a five-year blueprint for the industry.
Total production will be capped at 2.6 billion tons annually by 2010, the National Development and Reform Commission said in a report posted on its Web site.
China is [...]
West Bengal Chief Minister Buddhadeb Bhattacharya today said the Centre should come out with a clear policy on iron ore and treat it as a national asset like coal.
Speaking at the agreement signing ceremony between JSW Limited and the state government, Bhattacharya regretted that the Centre was allowing iron ore export without thinking about the [...]
Russia’s second-largest steel producer and major coking coal miner, Severstal , is to target China as the main market for coking coal produced in a Mongolia joint venture, a senior Severstal official said on Thursday.
“We are really looking to target the Chinese market for coking coal,” the Severstal official said. “The deposit in Mongolia contains [...]
Brazilian mega-iron ore miner CVRD Thursday predicted that global iron ore and nickel markets will remain tight, and copper inventories will continue to be critically low.
During a conference call to discuss third-quarter results, CVRD Finance Director Fabio Barbosa said the CEIC Data, which specializes in Asian economic research, forecasts a 13% average annual growth rate [...]
BHP Billiton Ltd., the world’s biggest mining company, may say fiscal second-half profit jumped to a record because of rising copper and iron ore prices.
Net income probably increased to $6.34 billion for the six months ended June 30 from $3.45 billion a year earlier, according to the median estimate of five analysts surveyed by Bloomberg [...]
It all started with Canadian mining company Inco Ltd. saying that it wanted to acquire nickel miner Falconbridge Ltd.
Then Teck Cominco stepped in to make a play for Inco and was soon followed by Swiss-based Xstrata with a bid for Falconbridge.
Making the scenario more interesting, USbased Phelps Dodge proposed a three-way with Inco and Falconbridge [...]
For Evy Hambro, who manages the world’s biggest mining fund at Merrill Lynch & Co., small is profitable.
Hambro steered the $6.6 billion fund to the best performance this year among 270 peers tracked by Standard & Poor’s by increasing investments in small and mid-sized companies. Shares of Hambro’s top performers, Perilya Ltd. of Australia and [...]
When Robert Martin discovered the LabMag iron ore project in 1960, he found a deposit laced with enough iron that a magnet would stick to some parts of the ground.
But the deposit was low grade and considered worthless at the time. Mr. Martin went on to a lengthy career with Iron Ore Co. of Canada [...]
