The main road connecting Las Vegas and Reno could be rerouted near the central Nevada town of Goldfield to make way for something older than the Silver State itself: a mining boom.
Bloomberg reported that Billionaire Mr Ziyavudin Magomedov Summa Group won the right to build a RUB 44.3 billion section of a railroad to coal fields in East Siberia near deposits to be developed by Evraz Plc and OAO Severstal.
OAO GMK Norilsk Nickel, the world’s biggest producer of nickel and palladium, predicts demand for platinum group metals will rise as much as 5 percent next year, exceeding increases of as much as 3 percent for copper and nickel, as the global economy avoids a slump as severe as that seen in 2008.
China Development Bank (CDB), one of the country's three policy banks, has signed two agreements with Kazak copper giant Kazakhmys PLC, granting the mine and refinery operator 1.34 billion U.S. dollars and 1 billion yuan (158 million U.S. dollars) for a new project.
Gunmen fired at a helicopter carrying workers for the mining giant Freeport-McMoRan shortly after it took off Saturday from a town near the company’s huge gold and copper mine in eastern Indonesia, a police spokesman, Colonel Wachyono, said.
The Office of Surface Mining Reclamation and Enforcement on Thursday, together with Secretary of the Interior Ken Salazar, announced $485 million is being given to states and tribes to eliminate health and safety hazards caused by past coal mining.