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Continental Coal Enters Option Agreement to Acquire 50 Percent of Coal Mine in Colombia, $15 Million
May 18, 2012
Continental Coal said it has entered into an exclusive option for the potential acquisition of a 50 percent joint venture interest in a producing hard coking coal mine in Colombia. The move is in line with the company’s strategic objective to…
Xstrata $60 Billion Philippine Mine May Stall at Church Door
May 18, 2012
Xstrata Plc, the world’s fourth- biggest copper producer, risks missing a 2016 target to begin extracting about $60 billion of minerals from its project in the Philippines because of opposition from the Catholic Church. The central government in January rejected the…
Haiti’s New Prime Minister: Mining Laws Being Drafted
May 17, 2012
Haiti’s new prime minister says his government is drafting legislation on a newly emerging mining industry to ensure the impoverished Caribbean nation reaps its fair share. Laurent Lamothe says the legislation will be sent to Parliament soon. He says it will…
L&L Delivers First Coal Shipment to Luk Fook Co.
May 17, 2012
L & L Energy, Inc. has commenced delivery of coal to Datang International Power Generation Co Ltd and a new customer, Luk Fook Co., Ltd. On May 14, L&L’s DaXing wholesale subsidiary delivered the first shipment coal via its new loading…
Colombia Free Trade Agreement Takes Effect May 15, Expected Growth for Mining Industry
May 16, 2012
The free trade agreement with Colombia, passed by Congress last October, goes into effect. This agreement allows manufacturers to begin reaping the benefits of the Colombian market. The implementation of this agreement presents a major opportunity for manufacturers in the U.S.…
Slater Mining Extends West Khazret Exploration License in Northwest Kazakhstan
May 16, 2012
The Ministry of Industry and New Technology of the Republic of Kazakhstan has extended the Exploration Contract for the West Khazret Gold Project to May 5, 2014 according to Slater Mining Corporation. Following the exploration period, Slater Mining has the exclusive…
TurkPower’s Subsidiary Sibcoal Mining Acquires Coal Field for Development in Kuzbass Region
May 16, 2012
TurkPower Corporation’s wholly owned subsidiary, Sibcoal Mining Corporation, has acquired 100 percent share of a 49-year lease to develop, operate, and mine the Zavyalov Square Part 1 of the Toguchina Coal Field. Zavyalov is an open pit mine with over 100M…
Rising Tungsten Prices Spark New Mining Development Outside China
May 16, 2012
GTSO Resources isn’t alone in exploring new opportunities in the booming global tungsten market: Rising prices and demand for the super-hard metal have sparked new mining activities around the world as manufacturers seek new sources for the critical element outside of…
Intertek Acquires Mineral Industry Testing Company VIGALAB in Chile
May 16, 2012
Intertek has acquired VIGALAB, a highly regarded testing laboratory supporting the mineral and mining industry in Chile. VIGALAB provides quality sample mineral preparation services and chemical analysis to the mining industry in Chile, including fire assay, trace metals analysis, geochemical tests,…
States Agree on Draft Terms on Coal Block Allocation to PSUs, India
May 15, 2012
State governments have agreed with the center on draft terms and conditions for allocation of coal blocks to public sector companies, sources said today. “The chief secretaries of state governments have agreed to draft terms and conditions for allocation of coal…
