Mining and Minerals News
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The Queensland government has withdrawn its support for a 9 billion Australian dollar (US$8.86 billion) coal port expansion in the northern part of the state, in a sign the country's resources boom is losing steam. |
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The chairman of Mexican precious metals producer Fresnillo PLC said Friday that it remains committed to investing in exploration and new projects despite uncertainty regarding gold and silver price forecasts for the remainder of the year. |
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Rio Tinto PLC (RIO) has unveiled its latest iron ore mine development plans to start the construction next year of its Turee Syncline project in Western Australia, according to referral documents posted Friday on the Australian government's environmental website. |
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Russia's London-listed Nord Gold N.V, the gold producing company, said Friday its first-quarter net profit was down 30% on a year due to lower output, but it expects a strong second half. |
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The premier of South Australia state is confident the US$30 billion expansion of BHP Billiton Ltd.'s Olympic Dam mine will go ahead despite the mining company's pledge to reassess its spending plans, the Australian Financial Review reported Friday. |
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John Holland has signed a memorandum of understanding with Isaac Plains Coal Management to negotiate final contract terms on a one-year mining services contract extension, and begin negotiations on an additional three year agreement. |
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General Electric Co. has moved to bolster its footprint in the fast-growing mining equipment sector, agreeing to buy Australia's Industrea Ltd. for about A$470 million ($466 million) as well as an independently owned U.S. supplier for an undisclosed amount. |
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BHP Billiton Ltd. is tweaking the sequence of its capital expenditure plans to maximize value and reduce risk as miners face the prospect of lower cash-flow generation, the company's chief executive said Tuesday. |
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AREVA and Mitsubishi Corporation, through their respective subsidiaries Afmeco Mining and Exploration Pty Ltd (AFMEX) and Mitsubishi Development Pty Ltd (MDP), have decided to work together in a uranium exploration program in Australia. |
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Sasol Limited's Olefins & Surfactants Division (headquarters in Hamburg, Germany) announced today it will expand in a first step its capacity to produce ultra-high purity aluminas (UHPA) by at least 3000 metric tons per year. |