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Coal
 
IRON-ORE

Brazil miner Vale posts record Q2 iron-ore production

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Brazilian miner Vale said on Thursday its iron ore output in the second quarter was a record high for the period, up 12.6% from a year earlier, as it ramped up production to win back market share from Australian rivals. Vale's preferred shares,...
25th July 2014
 
 
Coal

South American mining to reach 6.2% growth by 2017

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MAJOR CONTRIBUTOR
Brazil's mining industry contributes almost 40% of South America's total region revenue The South American mining industry will reach an estimated compound yearly growth rate of about 6.2% from 2012 to 2017, which will take the industry to a total value of $184.3-billion. Some of the world’s largest copper, bauxite, iron and nickel...
25th July 2014
 
 
Coal

US miner receives $500 000 investment

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SHINE ON BMIX is selling a portion of its production as polished diamonds, at much higher margins than rough diamonds California-based mining company Brazil Minerals (BMIX) announced in May that it received $500 000 when it sold Gemological Institute of America- (GIA-) graded diamonds, common stock and two-year options to four investors. The GIA-graded diamonds...
25th July 2014
 
 
DIVERSIFIED MINING

Teck Resources' profit falls as coal prices remain weak

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Canadian diversified miner Teck Resources reported a 44% drop in quarterly earnings, mainly due to "significantly" lower coal prices. Teck said coal prices fell to $111/t in the second quarter from $156/t a year earlier. The company said it sold...
24th July 2014
 
 
WORKER INACTION

Colombian coal mine mechanics to continue talks Weds to end strike

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Talks between mechanics at Colombia's largest coal mines, contractor Dimantec and the labour ministry will continue on Wednesday in an effort to end a 13-day strike, a union leader said. The meeting is set to begin at 10:00 am (15:00 GMT) in the...
24th July 2014
 
 
IRON-ORE/COAL

Beleaguered Cliffs posts Q2 loss, beats expectations

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US iron-ore and coal producer Cliffs Natural Resources, which is locked in a proxy fight with an activist shareholder for control of the board, on Wednesday reported a net loss for the three months ended June 30, as lower iron-ore and...
24th July 2014
 
 
COAL

Aspire signs another MoU at Ovoot

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ASX-listed coal developer Aspire Mining has signed a non-binding memorandum of understanding (MoU) with the owner of the Zavkhan power station, in Mongolia, to provide oxidised coal from the Ovoot coking coal project. The MoU covered a possible...
23rd July 2014
 
 
CAPITAL RAISING

Paringa hopes to raise cash for Buck Creek development

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Coal hopeful Paringa Resources was hoping to raise A$5-million through a share placement to institutional and sophisticated investors to accelerate the planned development at the Buck Creek coal project, in the US. The ASX-listed junior said on...
23rd July 2014
 
 
 
 
 
 
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