Race for resources – TATA Power in talks to buy stake in MEC Coal

TATA Power is in talks to pick about 15% stake in MEC Coal, the Dubai registered company that owns more than two billion tonnes of coal reserves in Indonesia.

Steel Guru | January 28, 2012 | 10:47 am

ABB to help drive the world’s newest copper mine

ABB has supplied a vast array of power and automation solutions for Antofagasta’s new flagship Esperanza copper mine in Chile. The solutions include three of the world’s largest gearless mill drives, process and electrical control systems, power quality systems, a substation and an integrated operations center that controls the entire production process, including onshore facilities at a purpose-built port 145 kilometers from the mine.

Steel Guru | January 25, 2012 | 6:13 pm

Collie coal miners threaten strikes over hot seating plan

It is reported that coal miners at Griffin coal are threatening industrial action over moves to introduce hot seating by extending workers hours. The plan by the new Indian owners Lanco would see miner work 12.5 hours per shift so pre-start meetings and handover procedures do not halt production at the operation, The West reports.

Steel Guru | January 15, 2012 | 3:59 pm

Disused railway reinstated for coal freight in South Wales

It is reported that a 12.9 kilometers long disused freight railway line in Cymgrach, South Wales has been resurrected for coal producer Unity Mine to enable it to reduce lorry movements.

Steel Guru | January 15, 2012 | 1:59 pm

Bulgarian coal miners launch symbolic strike

Novinite reported that on Saturday, miners at Bulgaria's state owned Maritsa Iztok Mines launched a symbolic protest, warning that effective strike was in store, after talks failed Friday.

Steel Guru | January 15, 2012 | 1:59 pm

Caterpillar makes further inroads into Chinese longwall coal

Caterpillar is building on its Bucyrus acquisition with the recent signing of another contract to deliver an automated longwall coal plow system to Chinese company Gasification Co part of Lvliang Dongyi Group. The system marks the 11th plow system from DBT/Bucyrus/Caterpillar for delivery to Chinese mines. The system will be delivered in the first quarter of 2013 and will go to work in the Xinyan mine in Shanxi province

Steel Guru | January 13, 2012 | 10:17 pm

Indian steel industry welcomes hike on iron ore export tax

ET reported that some of the Indian steelmakers claim that they will benefit from the government's decision to impose 30% duty on ore exports as it will make the mineral cheaper by almost 50% for local steel companies.

Steel Guru | January 8, 2012 | 4:33 pm

Mining company ordered to clean up train spill

A mining company has been ordered to clean up the site of a train derailment in the Northern Territory.

Steel Guru | January 8, 2012 | 3:20 pm

Two Chinese officials prosecuted over mining accidents

Xinhua quoted local work safety authorities said twelve officials have been prosecuted for alleged dereliction of duty over two mining accidents that killed 31 people in southwest China Guizhou province last year.

Steel Guru | January 8, 2012 | 2:24 pm

LME copper rises as US data improves outlook

London copper rose on Friday, erasing this week's declines, after jobs data pointed to a recovery in the US economy and offset concerns that the euro zone crisis is dragging demand growth lower.

Steel Guru | January 7, 2012 | 9:22 am

Africa Resources to invest USD 3.5 million in Tanzania

East Africa Resources Limited has executed an Agreement with Korea Resources Corporation for KORES to invest in EAF's Mkuju South uranium project in Tanzania.

Steel Guru | December 30, 2011 | 3:11 pm

Coal ship queue hits 60 at Newcastle Port in Australia

ABC reported that Newcastle's ship queue has hit 60 for the first time in several years, as global demand for coal continues to rise.

Steel Guru | December 30, 2011 | 2:56 am

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