Rio Tinto chief: one more year of $120-plus iron ore – then it’s over
Tom Albanese says "assumptions that the floor price would not go much below $120 a tonne might be valid next year but not long beyond that."
Tom Albanese says "assumptions that the floor price would not go much below $120 a tonne might be valid next year but not long beyond that."
Canadian manufacturer's confidence is plunging, says Export Development Canada in a survey released today. EDC’s Trade Confidence Index (TCI), a semi-annual survey of Canadian exporters and investors, declined by an overall 12 per cent since the spring of 2011.
Kiska Metals Corporation ("Kiska" or "the Company") reports final drill results from the Island Mountain prospect, Whistler Project, located 160 km northwest of Anchorage, Alaska.
The planned underground expansions to existing mines, as well as major new underground operations being looked at, means that achieving faster and more efficient development underground is as much at the fore as it has ever been. In this month's im-mining.com 'Spotlight Feature Article', from the pages of the December 2011 issue of International Mining magazine, Editor Paul Moore looks at some advances being made in helping to make faster and more efficient underground mine development a reality.
Miners are looking to enter the potash business, or expand existing operations, as they look for increased demand from developing nations such as China, India and Brazil.
Offer prices for iron ore dropped to three-week lows, reports Reuters, with steelmakers in top producer China mostly staying out of the market amid thin demand. Despite the low steel demand limiting Chinese buying interest, Vale SA said that it expects valemaxes, the world’s biggest iron-ore carriers, to eventually be allowed into ports inChina, the biggest user of the commodity.
Fracking has helped the United States maintain the world's number one economy, but the exploitation of unconventional gas is also catching the eye of the world's second largest economy: China.
Marthinusen & Coutts (M&C), repairer of rotating electrical equipment, is close to completing an R8.6-million contract awarded in January 2011 by specialist winder consulting company DRA Technical Services (DRATS) on behalf of the client Konnoco Zambia, for the rewinding and refurbishment of the rock winder and man winder rotating machines for the Konkola North copper project. Konnoco Zambia is a subsidiary of Teal Minerals (Barbados), which is a Joint Venture owned by African Rainbow Minerals and Vale.
Pretium Resources Inc.("Pretivm") (TSX:PVG) is pleased to report an updated mineral resource estimate for its wholly-owned Brucejack Project located in northern British Columbia. High-grade and bulk-tonnage gold resources have increased significantly as a result of the update. VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2011) - Pretium Resources Inc. ("Pretivm") (TSX:PVG) is pleased to report an updated mineral resource estimate for its wholly-owned Brucejack Project located in northern British Columbia....
Brazilian mining giant Vale has cut ties with a pig-iron producer linked to illegal deforestation, reports Reuters.