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Companies featured in the 05-03-10 Issue of Mining Journal
All companies featured in the latest issue of the Mining Journal are listed below for your convenience. Companies are shown alongside a link to their Company News Portal as well as links to all articles in the latest issue related to them.
PDAC 2010: Prospectors - a dying breed?
The first day of the 2010 PDAC convention got off to something of a slow start, despite (or perhaps because of) the continuing good weather.
Guinean iron ore company to list on AIM
London’s AIM market is to receive a new iron ore entrant as private company Bellzone Resources plc plans to raise US$100 million and list on the bourse in the near future.
Glencore to buy back Prodeco from Xstrata
Glencore International AG will buy back Colombian coal unit Prodeco from Xstrata plc, setting the stage for an initial public offering that may value the trading company at US$35 billion.PDAC 2010: Warm welcomes
Delegates were welcomed to the annual PDAC convention by an unseasonably warm and sunny Toronto this year, creating an infectiously positive mood as delegates gathered to register on Sunday morning.Blue-chip miners boost market
Most of the heavyweight miners enjoyed solid weeks on the London market, in the process helping the blue-chip FTSE 100 near to a 52-week high on Friday.NovaGold announces US$100 million financing
Dual-listed NovaGold Resources Inc is proposing to issue more than 18 million shares in the company.Mining kidnappings
A special report in this week's Mining Journal identifies India as one of world's kidnapping hotspots. Once hailed as the jewel in the crown of technology-driven Asian economies, India is rapidly gaining a more sinister reputation – as one of the world's kidnapping hotspots.
Australian tension after retrenchment
Ethnic tensions have risen in Australia after an engineering contractor retrenched 54 local workers while retaining up to 70 similarly-skilled Filipinos at a Chinese-owned iron-ore project in the Pilbara region of Western Australia.
Chinese miners trapped by flood
Flooding at a coal mine in China has left 31 workers trapped since Monday despite ongoing rescue efforts. Forty-six people were rescued from the mine, owned by the country’s largest coal producer, soon after the flood.
Deepwater port to boost iron-ore exports
A new deep-water port for the export of iron ore from Western Australia is under consideration. The port at Anketell is 30km east of Karratha in the Pilbara region.
Ernst & Young's Mining Eye
The Mining Journal website this week includes the latest Mining Eye from Ernst & Young. The accounting firm notes that its Mining Eye index, which monitors the performance of AIM mining companies, gained 13% in the three months to end-December.Rambler in gold agreement
Rambler Metals & Mining plc has sold forward 25% of the first 175,000oz of payable gold from its Ming mine in Newfoundland, as well as additional future production, for a total of US$20 million.Work stops at Smokey Hills
Most of the employees at Platinum Australia Ltd’s Smokey Hills mine in South Africa are on strike. Contractors employed by Redpath Mining Ltd have engaged in unofficial industrial action, and have refused to go underground.SA strike threat reversed
South Africa’s National Union of Mineworkers (NUM) has withdrawn its strike threat against the operations of Gold Fields Ltd.RESOURCE NEWS
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