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US coal exports continue to decline on lower EU demand, supply glut

By: Henry Lazenby In the first half this year, US coal exports continued to decline from their record volumes in 2012, as lower European demand for steam coal and increased steam coal supplies from Australia and Indonesia, coupled with added metallurgical coal supplies from Australia, Canada and Russia, wiped out... 

LIM focused on development this year as it rides out low-price market

By: Henry Lazenby Seasonal iron-ore miner Labrador Iron Mines (LIM) this week said in the face of a 30% drop in 62% iron-content iron-ore prices from January to June, it had not started mining operations this summer season, opting instead to focus on development activities. The company, which owns a portfolio of... 

Moz to start exporting coal through Nacala by December

By: Keith Campbell The Mozambican Ministry of Transport and Communications has reaffirmed that the country will start exporting coal from the Tete basin through the port of Nacala by December. This was made clear at the 32nd meeting of the Ministry’s Coordinating Council, which was held in Tete.  

BC First Nations to profit from Imperial Metals’ Huckleberry expansion

By: Henry Lazenby New revenue-sharing agreements will enable four First Nations in the Bulkley-Nechako area of British Columbia to benefit from the expansion of TSX-listed Imperial Metals’ Huckleberry copper mine. Economic and community development agreements (ECDAs) would enable the Cheslatta Carrier First... 

Kentz says Valerus acquisition strengthens its SA shale-energy hand 

By: Terence Creamer The African region of engineering and construction group Kentz believes it is strongly positioned for any future shale-gas extraction activity in South Africa, following the recent acquisition, by the London-listed group, of integrated oil and gas solutions provider Valerus, of the US. The South... 

Caterpillar Upgrades Room and Pillar Mining Equipment Manufacturing in Pennsylvania

Caterpillar is updating and upgrading room and pillar mining equipment manufacturing facilities in Houston, Penn. The facility, located south of Pittsburgh, currently manufactures continuous miners used in underground coal and soft rock mining, and it is being readied to manufacture the Cat® room... 

Shale gas unlikely to go global quickly – BHP’s Mackenzie

By: Leandi Kolver Despite the rapid growth of the US shale gas industry, coal will remain the dominant global fuel source for years to come, the CEO of the world’s largest diversified mining company, BHP Billiton said this week. In a speech delivered at the CERAWeek conference, in Houston, Andrew Mackenzie pointed... 

LIM continues on downward spiral

By: Henry Lazenby The TSX-listed stock of Labrador Iron Mines (LIM) on Tuesday continued on its downward spiral, losing 18.92% in morning trade, after the company last week announced that it would need about C$30-million in additional capital to be able to successfully restart mining during the 2014 season. The... 

India’s OVL eyes oil sands assets in Canada

By: Ajoy K Das ONGC Videsh Limited (OVL), the overseas arm of Indian oil exploration and production major ONGC Limited, was scouting for oil sand assets in Canada, marking a beginning by setting up an office in Calgary. According to a senior ONGC official, the Indian company was looking for joint venture... 

BHP's growth assured - Mackenzie

By: Esmarie Swanepoel Mining giant BHP Billiton chief Andrew Mackenzie has punted the company’s growth projections to shareholders in Houston, saying that growth of some 16% in copper equivalent terms, was expected over the next two years. On the first day of the company’s investor briefing, Mackenzie said that BHP’s... 

Labrador Iron Mines slightly narrows q-o-q net loss

By: Henry Lazenby Canadian direct-shipping iron-ore producer Labrador Iron Mines (LIM) on Friday said it had slightly narrowed its quarter-on-quarter loss, as higher iron-ore prices were offset by lower grades from its James mine, and by higher ocean freight costs. For the company’s second quarter ended September... 

LNG restructures board, searches for US-based project director

By: Creamer Media Reporter Perth-based Liquefied Natural Gas (LNG) on Friday unveiled a new board and management structure to assist the company in the delivery of its Magnolia project in the US. Paul Bridgwood and Norman Marshall would step down from the board on November 25, but would continue in their respective... 

Clariant Oil and Mining Services Opens Global Headquarters in Houston, Texas

By: Creamer Media Reporter • New facility expands on company’s investment in North America • Campus features state-of-the-art laboratories for advanced Oil and Mining technologies • Unique new assets and capabilities to offer outstanding products and services Clariant, a world leader in Specialty Chemicals, today announced... 

Arkansas lawsuits test fracking wastewater link to quakes 

By: Reuters Tony Davis, a 54-year-old construction worker in central Arkansas, said he welcomed the boom in natural gas drilling that brought jobs and new businesses to his hometown starting about a decade ago. But that was before the earth shook. In 2010 and 2011, the quiet farming town of Greenbrier,... 

Akin to railroads of the 1880s, oil pipelines poised to spur Canadian growth  

By: Henry Lazenby Canada is expecting a boom in oil production from its prolific Alberta oil sands deposits; however, production from the world’s third-largest proven oil reserves, after Saudi Arabia and Venezuela, is hampered by a lack of sufficient transport to markets, resulting in lower prices for Canadian... 

Akin to railroads of the 1880s, oil pipelines poised to spur Canadian economic growth

By: Henry Lazenby Canada is expecting a boom in oil production from its prolific Alberta oil sands deposits; however, production from the world’s third-largest proven oil reserves, after Saudi Arabia and Venezuela, is hampered by the lack of sufficient transport to markets, resulting in lower prices for Canadian... 

LIM full-year results under pressure from low iron-ore prices

By: Henry Lazenby Iron-ore producer Labrador Iron Mines (LIM) on Wednesday said that low spot prices, particularly a 33% drop during the 2012 autumn, had weighed on its revenue in the 2013 financial year, resulting in a sharp widening of its full-year loss. For the year ended March 31, LIM reported a loss of... 

Project management services firm completes PFS for Botswana diamond mine

By: Anine Vermeulen Engineering, procurement, construction, maintenance (EPCM) and project management services company Fluor South Africa reports that it has completed a prefeasibility study (PFS) for the Letlhakane mine in Botswana. The mine is owned by Debswana Diamond Company, a joint venture between the... 

Company Announcement: Lift-Off for WorleyParsons Global Delivery Hub Project

By: Creamer Media Reporter A major new initiative in the global and African EPCM (Engineering, Procurement and Construction Management) market was given lift-off recently with the official launch of the expanded WorleyParsons resources and energy organisation, on the back of its acquisition of TWP Holdings in South Africa 

Company Announcement: Afrox Welding Specialist Named "Young Welder of the Year"

One of Afrox’s top performing welding specialists, Houston Isaacs, has won the South African Institute of Welding’s (SAIW) Young Welder of the Year competition, qualifying him to represent South Africa in Liepzig, Germany, at the WorldSkills competition in July 2013, where he will compete among... 

LIM bullish on operating season as iron prices rebound

By: Henry Lazenby Canadian miner Labrador Iron Mines (LIM) on Friday said it is encouraged by a rebound in iron-ore prices as it is preparing to restart operations from its James mine, in Quebec. The company believes a number of factors were working in the company’s favour in the short term, with a surge in demand... 

Law firm discusses African mining future after US merger

By: Anine Vermeulen International law firm Norton Rose, whose national and international clients will exhibit at the Investing in African Mining Indaba next month, will attend the conference to meet its expanding client base, after having joined forces with international law firm Fulbright & Jaworski L.L.P. The... 

Indaba to promote Singapore as global trading hub

By: Zandile Mavuso It is foreseen that the next listings of resources stocks on the Singapore Exchange (SGX) will receive greater investor attention and liquidity, says associate director Foong Chong Lek. 

LIM cuts capital spend, low prices believed at bottom

By: Henry Lazenby Canada’s Labrador Iron Mines (LIM) on Tuesday said it had cut its capital expenditure (capex) budget as a result of iron-ore prices falling sharply during August. LIM said iron-ore spot prices had dropped by more than 20% in the past four weeks to $90/t of 62% iron-content ore, including cost... 

60 jobs on the block as Linc moves to cut costs

By: Esmarie Swanepoel Diversified energy company Linc Energy would cut some 60 employees from its payroll as part of a drive to reduce costs. Around 90% of these positions would be to the corporate and clean energy divisions, which would not affect any core business dealings. 

LIM off to a good 2012 start, expects spot price to lift from Q3

By: Henry Lazenby Canada’s newest iron-ore miner Labrador Iron Mines (LIM) on Wednesday reported an encouraging start to its 2012 operating season, having made three iron-ore shipments and sales totalling 515 000 t to date. Full-scale mining operations restarted for the summer period at the James mine on April 2,... 

Labrador iron-ore resources increased

By: Henry Lazenby Following the 2011 drilling programme, joint owners of the Direct Shipping Ore (DSO) project, New Millennium Iron (NML) and Tata Steel on Thursday said the measured and indicated resource of the project had increased by 17.8%. The drilling focused on upgrading existing resource estimates for the... 

LIM to double iron-ore output to 4-5Mt/y by 2014

By: Matthew Hill TSX-listed Labrador Iron Mines on Friday said it’s considering building a second plant near Schefferville, which could double the company’s capacity to produce the steelmaking ingredient to four-to-five-million tons yearly from 2013. The plant would receive ore from the Houston deposit, LIM said. 

Bligh inks deal with Texas, positioning Qld as Asia Pacific energy hub

By: Esmarie Swanepoel Queensland Premier Anna Bligh has signed an agreement with Texas Governor Rick Perry that would enhance the oil and gas networks between the two regions. Queensland was positioning itself to become an energy hub for the Asia Pacific, said Bligh. 

Vale starts production at Moz coal mine, plans further investments in the country

By: Keith Campbell Major Brazilian mining multinational Vale formally initiated operations at its $1,6-billion, 11 million ton nominal capacity, Moatize coal mine in the Tete province of Mozambique on May 8. The first coal export shipment is scheduled for July. The ceremony was presided over by Mozambican President... 

Continuous mining machine attracts interest from South African coal miners

By: Megan Wait International mining equipment manufacturer Bucyrus reports that its latest development, the 35M continuous miner, has attracted a lot of attention from South African colliery operators constantly on the lookout for machines that mine coal more cost effectively and efficiently 

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