THE BIGGEST order for coal mining equipment for decades was signed by a company re-opening a Yorkshire colliery, safeguarding hundreds of jobs.
Powerfuel will spend £37m on state-of-the-art machinery to be used at the Hatfield pit near Doncaster.
Two sets of coal cutting and ancillary equipment will be bought from Joy Mining Machinery, to be manufactured at […]
Members of United Steelworkers of America Local 37 settled into picket tents and outposts near Steel of West Virginia’s plant Saturday, one day after the union overwhelmingly rejected a proposed contract and went on strike.
Carl Hall, a staff representative for the union, said he had not had any communication with Steel of West Virginia officials […]
A part of the mining belt system at the first mine of Neyveli Lignite Corporation was completely damaged in a fire last night, affecting production, a company official said.
More than 120 metres of the mining belt system were damaged. Fire tenders fought the blaze for an hour and doused it. The loss is estimated at […]
TENSIONS between BHP Billiton and striking unionists at the giant Escondida copper mine in Chile’s high-altitude Atacama desert have escalated following the hiring of strike breakers.
The mine, which last year accounted for 8.5 per cent of world output, is operating at half capacity, spokesman Mauro Valdes said. The copper-cathode plant, which converts the metal to […]
Oxiana Limited (OXR) have announced a half year net profit after tax, interest, depreciation and other charges of $263.2 million on operating earnings from ordinary activities of $400.5 million. The company said the record earnings were a result of sound performance from operations and strong prices for the their main metals.
The company predicted that second […]
Mitsui Mining & Smelting Co., the world’s biggest maker of copper foil, may raise its profit forecast on higher zinc prices and increasing demand for conductive film used in liquid-crystal displays, Chairman Shimpei Miyamura said.
“The display-related business will be better in the July to September period,” Miyamura said in an interview yesterday. The Tokyo-based company […]
It turned out to be a dull on Friday with volatility seeping towards evening after an overnight fall in the Asian session. The sharp downturn in bullion and base metal markets on Thursday evening was in response to key fundamental news in the US economy.
With the dumbing down of tensions in the Middle East and […]
As lawmakers on Capitol Hill prepare for negotiations on competing proposals to expand domestic offshore oil and gas drilling, most Democrats running to replace Rep. Ed Case in the U.S. House say they would not support the lower chamber’s version of the bill.
“Clearly, H.R. 4761 is a knee-jerk solution that endangers the environment, namely coastal […]
ZAMBOANGA Peninsula’s rich mineral resources continue to lure both foreign and local mining firms to invest in this region.
This is the assessment of the Bureau of Mines and Geosciences regional office after it received, at least, 94 large-scale mining applicants this year.
Mines and Geosciences Bureau Regional Director Constancio A. Paye, Jr. noted that aside […]
DEVELOPMENTAL
Cherokee County
# Marathon Oil will drill the Dixon “A” Well No. 5 in the White Oak Creek (Travis Peak) Field to 12,500 feet, 7.2 miles west of Alto in the Self, I Survey, A-793.
# The Barnes Gas Unit 1 Well No. 4 will be drilled by Southwestern Energy Production in the Overton (Cotton Valley […]