Search Results for: world+coal+mining+expansion
-
FACTBOX-Major global expansion cons mines iron ore
Iron ore miners in the world are racing to dig new mines and expand old after ore prices . IO62-CNI = IF has more than doubled last year and prices moved to the spot market quarterly fixed annual indexing rates. Below are the expansion and new mine evolution.* Rio Tinto (RIO.AX) (RIO.L) is expanding annual production its Pilbara operations in Western Australia to 234 million tons by the end of this year in a broader effort to increase production 600 million tons during the decade. (more…)
-
Weekly Mining Market Report in London
After four consecutive weeks of negative sentiment has finally run its course and minors in London had a positive week. Problems related to the financial health of many of the smaller European economies continue, but now that the aid will be available when needed. However, for this work, some difficult decisions to be taken by governments in the case traditionally has been difficult. We’ll see how it goes in the coming months. Let us return to the markets and the FTSE 100 miners have increased on average by 4.4 %, while stocks of small and mid caps rose 4.6 %. (more…)