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Mining and construction health and safety firm achieves global reach

The Yorkshire Post reports that the health and safety training provider SHE Knows has expanded its reach to encompass markets in Asia, South America, Europe and Africa.
The company provides a suite of health and safety training services, including NVQ Level-3 to 5 in occupational health and safety, first aid, fire-fighting and confined space awareness, and safety passports for the petrochemical industry. “We are a one-stop shop for any business, large or small, looking for health and safety training and are fully experienced in all UK and international markets,” added [managing director] Mrs Crossland-Clarke, who founded the company in 2003...

Investors shrug off Freeport-McMoRan’s doubling of profits

Freeport-McMoRan reported a doubling of profits at $1.4 billion in the second quarter, but the blow-out results did not satisfy investors who shaved more than 1.5% off the stock amid record gold prices and a positive day on the markets. The company said labour action at its Grasberg mine – the globe's largest copper-gold mine – hurt output. During the eight-day strike in July, the company lost about 35 million pounds of copper production and 60 thousand ounces of gold production which could hurt its next set of results.

Newcrest gold production up 16% in June quarter

Newcrest Mining, Australia's largest gold mining company, reported on Thursday that gold production rose 16% to 700,124 ounces during its June quarter. Copper production was slightly higher than the previous quarter at 20,127 tonnes. The company said cash costs of A$542 per ounce were higher than the previous quarter due to higher site costs and lower copper byproduct credits per ounce.

Bagging asbestos in the 1960s

YouTube user markdcatlin uploaded a film showing how workers milled and bagged asbestos in the 1960s. The film was shot at the Cassiar Asbestos Company's asbestos mine in British Columbia, Canada. The mine and mill started operations in 1953 and closed in 1992 when the company went bankrupt, taking the town of Cassiar with it.

Cliffs climbs to $103 despite production snafus

Cliffs Natural Resources’ plans to restart coal mining operations at its Pinnacle coal mine in West Virginia after a major setback with regulatory agencies turning down its remediation plan to address the carbon monoxide detected in the mine. The company had to shut down operations at the underground mine in late May after high levels of the poisonous gas were detected.

Copper falls on weak Chinese data

Copper fell to its lowest in almost a weak on Thursday as data showed the factory sector in top metals consumer China shrank in July, but losses were capped by a softer dollar and hopes of a resolution of the Euro debt crisis.

Clouds gather over global economies

Growth ground to a halt in the euro zone's private sector this month while China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a sharp slowdown in the global economy. The surveys were published just before European leaders meet for a crisis summit to hash out a second bailout of Greece and allay fears a debt default by Athens will poison access to the bond market for bigger states. Image is by Malene Thyssen.

Gold steady around $1,600

The price of gold was steady near $1,600 Thursday morning as traders await cues from the European leaders summit, due later today, on a second round of aid for Greece. Gold for August delivery, the most actively traded contract, edged up $3.20 to $1,600.10 an ounce.

Pre-Qualified Firms to Tender for Coal Power Projects

Eleven firms have been pre-qualified for a concession to manage the Mui Basin coal deposits in Kitui and construct coal-fired power plants as the government steps up efforts to reduce the country's reliance on hydro electricity. The investors, drawn from South Africa, Japan and China are expected to submit proposals to explore and develop the coal resources in four blocks covering an area of 500 square km in parts of Eastern Kenya.