Against a backdrop of rising iron ore prices, Brazilian steel producers should maintain high profit margins relative to their global peers during 2008, according to Fitch Ratings. Brazilian steel companies enjoy important competitive advantages, including modern production facilities, close proximity to sources of iron ore and a highly concentrated domestic market, which limits competition based […]
BHP Billiton Ltd, the world’s biggest mining company, said a fire burned for over an hour today at a screening area in the Nelson Point iron ore port in Western Australia.
It is assessing the damage from the fire, Samantha Evans, a BHP spokeswoman, said by telephone from Melbourne. There were no injuries and workers weren’t […]
Junior explorer Strike Resources Ltd says it is in discussions for the possible sale of its iron ore interests in Peru, and in talks with steelmakers for potential supply.
Strike revealed the discussions after the Australian Securities Exchange queried a sharp rise in the company’s share price, when it jumped from $1.495 on February 25, to […]
Aurelian Resources Inc. announced additional drill results from the Fruta Del Norte (”FDN”) gold-silver deposit discovered in its Condor Project in southeastern Ecuador. The results are from infill holes in the central high grade part of the system on 50 m spaced sections.
“We continue to drill aggressively, with three rigs now pursuing the blue sky […]
Chile and Ecuador will join in exploring for oil in the Gulf of Guayaquil, visiting Ecuadorean President Rafael Correa said Monday.
“We want to share the existing resources with friendly countries,” Correa told a joint press conference with Chilean President Michelle Bachelet.
No details on the plan were immediately made public, but Chile’s Mining Ministry said in […]
Some 1,500 coal miners staged a mass rally on Thursday on the front lawn of the state Capitol to protest legislation that they fear could eliminate their jobs.
The rally came two days after lawmakers narrowly defeated a bill aimed at stopping mining companies from blasting off mountaintops to expose coal deposits.
Gov. Steve Beshear made a […]
The country’s tuna industry, which is centered in this city, would be adversely affected should Chinese companies be allowed to conduct offshore mining ventures in the disputed Spratly Islands, a nationwide militant fisherfolk group said.
Fernando L. Hicap, chairperson of the Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya), said the alleged secret deal between the […]
Three senior Roman Catholic bishops on Wednesday stepped up their campaign against the mining industry, saying it destroyed both the environment and local communities.
“Mining in the Philippines not only destroys the environment but has become the vehicle for the violation of human rights, enthnocide of indigenous communities, and even deaths,” said Bishop Sergio Utleg […]
Ninety-four pages of proposed rules for uranium mining companies that need to obtain state groundwater permits were too much Wednesday for the South Dakota Water Management Board.
The panel had planned to make a decision on the rules but decided to delay it until a special meeting April 2-3 in Rapid City.
Board members want to know […]
Gold mining output in South Africa fell 16.5 percent in January from the same period last year because of power cuts, the national statistics agency said Thursday.
“Gold production decreased by 16.5 percent for the month of January 2008 compared with January 2007,” Statistics South Africa said in a statement.
And overall, “the reported electricity supply shortages […]