Tag Archives: mining company
Mine Safety Measures in Harsh Environments
The Chilean mining accident that the attention of the world late in 2010 conquered provides a relevant story of how, through the use of technology, safety efforts can be strengthened in various sectors, including construction. In particular, for remote monitoring technology could prove to be beneficial for the contractors who work under extreme and difficult circumstances.
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Enbridge, Potash Corp, Suncor, Taseko Mines: Canadian Equity Preview
Enbridge Inc. (ENP CT): Canada’s largest pipeline company is scheduled for the third quarter press release at 7 pm in Calgary. The average profit estimate among 15 analysts in a Bloomberg survey of 47 cents per share, excluding certain items.
Kali Corp. of Saskatchewan Inc. (POT CT): The world’s largest fertilizer producer by market value may move as the deadline for a Canadian government decision on whether to adopt a hostile bid for the company is reached. BHP Billiton Ltd. Potash Corp. is trying to buy for $ 40 billion.
Suncor Energy Inc. (SU CT): Canada’s largest oil and gas producer is scheduled for the third quarter financial results at 12:35 am release in Calgary. Analysts predict the company will profit of 38 cents per share report, excluding certain items, according to the average of 17 estimates in a survey. (more…)
South Africa Mining Report Q4 2010 – New Market Report published
New Declaration Signed Mining Sector Strategy
As a precursor to the long-awaited revisions to the South African Mining Charter, at the end of June 2010 Mineral Resources Minister Susan Shabangu and other key mining stakeholders from business and trade unions signed the ‘stakeholders’ opinion on the strategy for sustainable growth and meaningful transformation of South Africa’s mining industry. ” This paper describes 12 key commitments that the industry must strive for a medium term, including a minimum target of 26% ownership of mining companies by previously disadvantaged South Africans (HDSAs) in 2014.
Other areas covered by the statement include: the creation of an “integrated long-term infrastructure planning mechanism” for the mining sector, promotion of research and development, the harmonization of legislation on mineral resources and improving the health and safety standards. (more…)
Mongolia Mining Report Q4 2010 – New Market Report published
The mining sector is the main driver for the Mongolian economy. In 2001, mining earned only U.S. $ 110mn, making up 9.5% of GDP. But in 2010 we expect a relatively large mining revenues total U.S. $ 2.4 billion and dwarf all other economic sectors, representing more than half of the total economy. The growth of the Mongolian mining industry is just beginning, the country has vast untapped mineral resources and yet to be fully explored.
The two giant projects will lead to both come on stream in 2013. The largest is the gold / copper mine at Oyu Tolgoi is considered that the potential to be one of the richest in the world mine production and reserves during the last 60 years. The other is the 6.4bn tonnes of coking coal deposits at Tavan Tolgoi, which, although smaller in the financial potential is still to attract the attention of the biggest corporate players in the mining world. (more…)
BP says limits on drilling in danger Oil Spill Payouts
BP warns that if Congress legislators pass legislation that bars company from getting new offshore drilling permits, can not the money to pay for all damages caused by its oil spill in the Gulf of Mexico. The company says that a ban would also risk the ambitious Gulf Coast restoration efforts that officials want the company to voluntarily support.
BP executives stress that they have not backed away from their commitment to the White House to set aside $ 20 billion in an escrow fund over the next four years of claims and the government sanctions arising from April 20 explosion of the Deepwater Horizon derrick to pay . The explosion killed 11 workers and millions of barrels of oil spewed into the Gulf. (more…)