Mining News

Steel giant Nucor has a $2.2 billion cash hoard that it built in 2008 - and one year into the great recession, Chief Executive Daniel DiMicco is sitting on it.

Bloomberg Posted: Saturday, Nov 07, 2009 at 2335 hrs IST Updated: Saturday, Nov 07, 2009 at 2335 hrs IST : Steel Authority of India Ltd , the nation's biggest state-run producer, plans to build a 10 million metric tonne steel mill in expectation of beating ArcelorMittal for the rights to control the nation's biggest iron ore reserves.

New Delhi, Nov 4 : Tata Group firm Trent Ltd today said TVS Shriram Growth Fund I has acquired a minority stake in its subsidiary firm Landmark Ltd for Rs 65 crore.

Several groups say they will expand their protest against an Massey Energy mine in southern West Virginia through e-mail. The groups, which include The Sierra Club, Alliance for Appalachia and Greenpeace, say they will send more than 500,000 e-mails to individuals Thursday and Friday to press their campaign to halt Massey's mining operation on Coal ...

The Philippine government has decided to buy rice from Vietnamese and South Korean companies to cover a shortage caused by recent back-to-back typhoons, a spokesman said Friday.

THE US coal company Peabody Energy expects a ''healthy increase'' in coal price agreements with Japanese buyers this year, driven by surging demand and the strong Australian dollar.

Hyundai Heavy Industries Co., the world's leading shipbuilder, said on Monday that it has won a US$1.4 billion deal to build gas facilities in Myanmar.

The international conversation among foreign-policy makers and political specialists has since the cold war and the Second World War tended to be Anglophone and something of an American monologue.

Alcoa said it has lined up the financing for the complete repair and refurbishment of its 50,000-ton forging press at the company's Cleveland Works.

Several groups say they will expand their protest against a Massey Energy mine in Southern West Virginia through e-mail. The groups, which include The Sierra Club, Alliance for Appalachia and Greenpeace, say they would send more than 500,000 e-mails to individuals Thursday and Friday to press their campaign to halt Massey's mining operation on Coal ...

Wheatland Tube Co. is moving operations from its pipe plant in Sharon to another western Pennsylvania plant, and laying off 40 workers in the process.

Kennecott's chief operating officer, Kelly Sanders, has been promoted to lead the Utah mining company as president and CEO.

Alpha Natural Resources, the nation's top metallurgical coal producer, is due to weigh in on whether it benefited from the recovering Asian steel industry in the third-quarter. The figures scheduled for release Tuesday also will be Abingdon, Va.-based Alpha's first since buying Maryland-based rival Foundation Coal Holdings in July.

RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS Nasdaq Trading Symbol: GOLD Randgold Resources Limited is pleased to announce that, together with AngloGold Ashanti Limited , it has entered into a definitive agreement with L'Office des Mines d'Or de Kilo-Moto to purchase an additional 20% ...

THE mining tycoon Nathan Tinkler is diving back into the resources sector, paying $480 million for a coal project in the Gunnedah Basin, near Newcastle.

NetSuite announced that COMMCO LLC, a Kansas City-based distribution and light manufacturing company and a leading home improvement millwork distributor, is the latest company to successfully switch from SAP R/3 to NetSuite OneWorld, going live on time and on budget, and providing the Kansas City-based company substantial savings.

Hecla Mining Company officials could decide next spring whether to move forward with an expansion of the Lucky Friday Mine in Mullan, Idaho.

China has yet to receive the official message from Rio Tinto that China can use a different pricing mechanism in the 2010 iron ore negotiations, said Chen Xianwen, director of the Marketing Department of the China Iron and Steel Association in Beijing Tuesday.

Timminco Ltd. said Tuesday that a second proposed class action lawsuit filed against the company in June has been stayed by a court order.

The U.S. Energy Department is giving a $30 million grant to a Pennsylvania company to construct a power generation plant at AK Steel Holding Corp.'s Middletown Works.