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ArcelorMittal and BHP Billiton Terminate Discussions to Combine Assets in Liberia and Guinea
September 8, 2010
ArcelorMittal and BHP Billiton today jointly announced that they have ended preliminary discussions to combine the two companies’ iron ore mining and infrastructure interests in Liberia and Guinea into a single joint venture. The companies were unable to reach a commercial…
Sandvik to Invest in Manufacturing of Crushing Equipment at New Production Plant in Sweden
September 8, 2010
Sandvik Mining and Construction is expanding its manufacturing of crushing equipment in Svedala, Sweden, and investing SEK 300 million (US $41,235,478) in a new production plant. The nearly 6,000 square meter production plant will be completed during early 2012. The plant…
Atlas Copco Acquires Drilling Company in the UK
September 2, 2010
Atlas Copco Construction & Mining Ltd, UK, has acquired H & F Drilling Supplies Ltd, an independent local manufacturer and distributor of drilling equipment in the UK. H & F Drilling Supplies offers solutions to contractors and end users within the…
Prophecy Resource Secures Up to $10m of Debt for Ulaan Ovoo Coal Project in Mongolia
September 2, 2010
Prophecy Resource has arranged a secured debt facility of up to $10 million with Waterton Global Value to fund the company`s Ulaan Ovoo Coal project in northern Mongolia. Subject to certain drawdown conditions, the loan can be drawn down in three…
Music and Hot Meals Lift Miners’ Spirits in Chile
September 2, 2010
The morale of 33 miners trapped in Chile soared Wednesday after music, hot meals and clothes were supplied, and NASA added its experience to keeping them healthy while a rescue drill inched closer. A video shot by the miners and broadcast…
Kangaroo Resources Says Essar Makes Bid for Indonesian Energy Coal Mine
September 2, 2010
Essar Group, controlled by Indian billionaire brothers Shashi and Ravi Ruia, is among the bidders for a coal mine in Indonesia, said Kangaroo Resources Ltd. Essar is one of the “interested parties” to bid for Kangaroo’s GPK thermal coal project in…
Adani Power Picked as Kosovo Bidder, May Seek More Projects in East Europe
September 2, 2010
Adani Power Ltd., the generation arm of India’s biggest coal importer, has been shortlisted to bid for a 1,238-megawatt thermal power project and coal-mining rights in Kosovo, an official said. Adani Power and its Indonesian arm PT Adani Global are among…
Shanta Gold Receives Mining License for its Chunya Mine Project in Tanzania
September 2, 2010
Shanta Gold Limited announced that it has been granted a mining license for its exciting Chunya mine development project in southern Tanzania. This follows on the Minister of Energy and Minerals of Tanzania’s approval of the Company’s application and a letter…
Keaton Energy’s Vanggatfontein Coal Project in South Africa Receives Approval for Phase 2
September 2, 2010
Keaton Energy Holdings Limited announced that it expects capital expenditure on its first major coal mining project — Vanggatfontein, near Delmas in South Africa’s Mpumalanga Province – to peak at around R430 million in early 2011. Hosting a visit by mining…
Coal of Africa’s Vele Colliery Lays Off Five Hundred Workers at its Mine in Limpopo
September 2, 2010
At least 500 miners have been laid off at Coal of Africa’s Vele colliery near Musina in Limpopo, the SABC reported on Tuesday. The water and environment affairs department ordered the company to stop operations at the mine, near the Mapungubwe…
