Gold sector crisis due to lack of a clear policy – Venezuela

BNamericas reported that the deadline for private sector mining companies in Venezuela to negotiate and form JV gold companies with the state passed a little more than a month ago causing a lot of uncertainty for the sector. This is even more the case...

Steel Guru | June 3, 2012 | 9:56 am

Peabody Energy bids for ultra low sulfur coal reserves in Southern Powder River Basin

Peabody Energy announced the lease of 402 million tons of ultra low sulfur coal reserves adjacent to its North Antelope Rochelle Mine in the Southern Powder River Basin of Wyoming

Steel Guru | May 20, 2012 | 10:06 am

Alrosa not planning major investment in Timir iron ore project

Interfax cited Mr Igor Kulichik Russian diamond miner vice president and financial director as saying that Alrosa is not planning major investments in the near term in the Timir iron ore project in Yakutia a 51% stake in which it is selling to steelmaker Evraz Group.

Steel Guru | May 20, 2012 | 7:34 am

Coal miner killed during fall at Boone County surface mine

According to the US Mine Safety and Health Administration, a Boone County coal miner died on the job Thursday, the eighth coal miner to die in the US this year and the second in West Virginia.

Steel Guru | May 20, 2012 | 12:42 am

South African steel producers to face collusion charges in tribunal

The Competition Commission has referred a collusion case in the steel industry to the Competition Tribunal and has requested that the tribunal impose a penalty of 10% of each of the steel producers' annual turnover in South Africa. The commission's...

Steel Guru | May 13, 2012 | 11:48 am

Indonesian Ni Ore export tax levied 20pct

The Indonesian government enforced an export tax system effective May 6th 2012 in which 20% export tax is levied on 14 mineral products of Indonesian origin including nickel ore. As a result Japan and China, two major importers of the nickel ore from...

Steel Guru | May 13, 2012 | 10:34 am

S Korea to pursue energy and infrastructure projects worth USD 11.1 billion in Venezuela

Yonhap reported that South Korea will pursue 5 energy and infrastructure development projects in Venezuela worth USD 11.1 billion that could open new business opportunities for local companies in the South American country.

Steel Guru | April 29, 2012 | 8:30 am

Erdemir to start USD 700 million iron ore project

Bloomberg reported that Eregli Demir & Celik Fabrikalari TAS, Turkey’s biggest flat steelmaker, will start USD 700 million investments to develop an iron ore plant by 2016.

Steel Guru | April 29, 2012 | 4:46 am

Xstrata Coal opens Australian mine training facility

The Baal Bone mine in the Western Coalfields, about 130 kilometres from Sydney and about 26km north west of Lithgow in New South Wales will be used by Xstrata as its regional training centre, where new recruits will spend 12 weeks learning mining skill...

Steel Guru | April 19, 2012 | 12:56 pm

US Navy to build ship hull from titanium

An Office of Naval Research funded project will produce a full size ship hull section made entirely with marine grade titanium using a welding innovation that could help bring titanium into future Navy ship construction.

Steel Guru | April 8, 2012 | 9:52 am

BHPB coal mines to be hit by new stoppages April 12 – Union

Reuters reported that Australian coal mines owned by BHP Billiton and Mitsubishi Corporation will be hit by a second work stoppage on April 12th 2012, with union workers planning to halt work for two days.

Steel Guru | April 8, 2012 | 8:28 am

Freeport McMoRan Copper and Gold is moving up

Freeport McMoRan Copper & Gold Inc has done well raising the dividend above 2.6%; this could make the investment a bit more attractive to investors.

Steel Guru | April 8, 2012 | 6:16 am

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