A new Indian draft mining bill is causing concern among mining groups and their investors in one of the world's leading coal and iron ore producing countries. Accoring to India's Economic Times, shares in Coal India have fallen after news of the possibility of a new Mining and Mineral Development Regulation Bill emerged.
XL pipeline. The pipeline is an expansion of an existing pipeline that delivers synthetic crude from Canada’s oil sands to the United States. Several environmental groups are urging regulators and the State Department not to approve Keystone XL,
SEOUL -- Seoul called Thursday for talks with Ulan Bator after a consortium involving South Korean firms was left off a list of groups chosen to develop a huge Mongolian mine, saying the decision was “unclear and unfair.”
Stocks of Allana Potash Corp was trading slightly up at midday on Thursday after the company announced it had intersected strong potash mineralization in an area not previously drilled at its 160 square km Dallol project in Ethopia. Listed on the TSX-Venture exchange Allana's East Africa project has the backing of the World Bank and most of the assets there are still being quantified. The value of the company has doubled in 2011 and investors who bought the stock in July last year would have enjoyed a four-fold return.
Seoul called Thursday for talks with Ulan Bator after a consortium involving South Korean firms was left off a list of groups chosen to develop a huge Mongolian mine, saying the decision was "unclear and unfair". Out of six preferred bidders, Mongolia on
A provincially-appointed expert panel is critical of environmental monitoring in the Canadian oilsands, according to a story today on CBC News: "Monitoring organizations suffer from inadequate funding, weak scientific direction and a general lack of resources to take on the enormous challenge of monitoring," the report states.
Reuters quoted the China Electricity Council said China top five major state-owned power generating groups continued to rack up losses on their thermal power business in May despite the government raising power prices in April. The council said mainly
It is reported that a Kogi State based group, Coalition of Civil Society Groups will oppose the sale of Nigeria Iron Ore Mining Company in Itakpe, Kogi State to any buyer that is not interested in buying the Ajaokuta Steel Company also in the state. The
Donald Leroux joined Algosys inc. in November 2010, taking responsibility for Algosys’ global business development. Having commenced his career as plant metallurgist at the Brunswick concentrator and scientist at the Noranda Technology Centre, Leroux has subsequently held senior leading positions with the Noranda and Falconbridge mining groups before joining COREM as Director, Technology Development and Transfer and then Genivar as Director, Process Engineering. Read more
Gold miners have been one of the weakest groups in the last two months, but yesterday the activity returned. optionMONSTER's Heat Seeker tracking system detected a surge of unusual call activity in Barrick Gold, AngloGold Ashanti, Gold Fields, and Agnico-Eagle Mines.