Mining Journal (April 23, 2008) - China Railway Group plans to set up a joint venture to invest in a US$2.9 billion copper and cobalt mining project in the Democratic Republic of the Congo.
The Milwaukee Journal Sentinel (May 7, 2008) - Joy Global Inc. lowered its 2008 earnings forecast, citing higher charges from the acquisition of a conveyor equipment company it purchased in February and early termination of a maintenance and repair contract.
Purchasing.com (April 25, 2008) - Coal miners are reporting increased rates for coal in the U.S. as the demand for U.S. coal in overseas markets continues to grow.
Bucyrus enters into a preliminary framework agreement with Huainan Mining Industry (Group) Co., Ltd. to establish the basis for the potential creation of a joint venture in the Huainan mining area of the Anhui Province in the People’s Republic of China.