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Rio Tinto Tightens Grip on Ivanhoe Mines
April 20, 2012
Rio Tinto tightened its grip on Ivanhoe Mines Ltd. as part of a $3.3 billion financing deal Wednesday that will see chief executive and founder Robert Friedland step away from the company. Rio Tinto, which owns a 51 percent stake in…
Metso Sells Its Workshop Operations in Gallivare, Sweden to TotalTech NTT
April 20, 2012
Metso has sold its workshop operations at the Energiplan site in Gällivare, Sweden, to TotalTech, Nordisk Transport Teknik AB. The Energiplan workshop manufactures customized machined and welded products for various customers in north and central Sweden. The sales price will not…
Anglo American Launches 2011 Sustainable Report, “What it takes; partnership and innovation”
April 20, 2012
Anglo American has launched its Sustainable Development Report 2011, “What it takes; partnership and innovation”, at the annual general meeting in London. The report focuses on Anglo American’s sustainable development performance for the period January 1, 2011 to December 31, 2011;…
Power Construction Corp. of China Inks $2.4 Billion India Coal-Fired Power Project
April 17, 2012
Power Construction Corporation said on Friday it had signed a $2.4 billion contract to build the second phase of a massive coal-fired power complex in southern India that will help meet soaring local demand for electricity. The second phase of the…
HRL Freezes Latrobe Valley Power Station Plans in Australia After Legal Ruling
April 17, 2012
Plans for a new coal and gas-fired power station in the Latrobe Valley have been put on ice after a legal ruling that it cannot be built until a deal is struck to shut an existing coal plant. Energy technology company…
Indemia Gold Begins Exploration and Development Activities at Choco Mine in Colombia
April 17, 2012
Indemia Gold has begun exploration and development efforts at its 100 percent owned Choco Placer mine in Colombia are now underway. The company has established a plan of operations for the project to recommence production within 90 days. This strategic plan…
Caterpillar to Sell Part of Bucyrus Distribution Business to Cat Dealer Ferreyros in Peru
April 17, 2012
Caterpillar and Ferreyros reached an agreement for Ferreyros to acquire from Caterpillar the distribution and support business formerly operated by Bucyrus in Peru. After closing, Ferreyros expects to begin providing sales, service and support for former Bucyrus mining products in all…
Coal – The Answer to Pakistan’s Energy Crisis?
April 16, 2012
Pakistan must turn to coal — both from its own large untapped reserves and from imports — to fuel power generation beyond the next decade if it is to ease the energy crisis which is capping economic growth, trade and industry…
ThyssenKrupp to Build CTL and Coke Plant in Mongolia
April 16, 2012
On March 31, 2012, Mongolian President Tsakhia Elbegdorj visited North Rhine-Westphalia accompanied by a major business delegation during a five-day state visit to Germany. On this occasion, ThyssenKrupp Uhde and the representatives of the Mongolian government signed two Memoranda of Understanding…
SAIL Receives SCOPE Meritorious Award for Corporate Governance
April 16, 2012
The President of India, Smt. Pratibha Devisingh Patil, presented the ‘SCOPE Meritorious Award for Corporate Governance’ for 2010-11 to Maharatna Steel Authority of India Limited (SAIL) today. SAIL Chairman Mr. C.S. Verma received the award from the President at the Public…
