Dr. Cameron Chai

Articles from Cameron

Eldorado Gold Withdraws Offer for Andean Resources

Eldorado Gold Corporation has withdrawn its takeover bid for Andean Resources. The Canadian gold mining company's president and chief executive Paul Wright made the announcement on Wednesday.

8 Sep 2010

Shell Has No Plans to Buy Woodside Petroleum

Ann Pickard the new chairwoman of Shell Australia said that Shell had no plans to buy Woodside Petroleum. Shell already owns a 34 % stake in the company and has failed with a takeover bid for the Perth based oil and gas company in 2001.

8 Sep 2010

Ivanhoe's Oyu Tolgoi Mine in Mongolia on Schedule

The construction of Ivanhoe's Oyu Tolgoi Copper Gold complex in Mongolia is proceeding as per schedule. The President and Chief Executive Officer of Ivanhoe Mines Ltd. John Macken said that the successful ramp up to full scale construction was a remarkable achievement by the project's workforce and contractors.

8 Sep 2010

Johannesburg Under Threat from Toxic Tide of Acid Mine Water

Johannesburg is under threat from a toxic tide of acid mine water which is steadily rising. The water which is right now about 600 meters below the city is rising at a rate of 0.4 to 0.9 meters per day. If left unchecked this toxic acid water can cause earth tremors, power blackouts and cancer among the residents of the city.

7 Sep 2010

ArcelorMittal and Indiabulls to Form JV for Coal and Iron Ore

ArcelorMittal and Indiabulls will form a joint venture for coal and iron ore mining. Indiabulls Real Estate has power plants while ArcelorMittal is the world’s largest steelmaker. It currently produces 8% of global steel supply.

7 Sep 2010

Uproar Over Margaret River Coal Mine Plans

Locals in the world class Margaret River wine region in western Australia are protesting furiously over plans by two companies to build an underground coal mine 15 km from the town.

7 Sep 2010

Nalco Shoots for African Uranium

After failing to acquire the copper mine in Namibia with Hindustan Copper, Indian company Nalco, Asia's largest, and one of the world's leading aluminium companies, has now decided to shoot for uranium assets in the African country.

6 Sep 2010

Largest Discovered Iron Ore Deposit

The new deposit in Mato Grosso state of Brazil may be the largest discovered iron ore deposit in the world. It may potentially be greater than Vale SA’s Carajas mine. The state Secretary Pedro Nadaf said that the new deposit may contain 11.5 billion metric tons of ore with 41% iron content.

6 Sep 2010

Lower Cost Mining Techniques Could Allow Diamond Miner to Access New Regions

Harry Winston Diamond Corporation is studying a different underground mining method which has the potential to reduce the costs of operations at the Diavik diamond mine. This new technique may allow them to explore recently discovered regions where mineralised kimberlite reserves have been identified.

3 Sep 2010

Kinross Gold and Red Back Mining Look to Merge to Exploit African Gold Deposit

Kinross Gold Corp is hoping that Red Back Mining’s Tasiast mine located in the African nation of Mauritania is going to be substantially bigger than it is today. That is why it is asking Institutional Shareholder Services to back its friendly combination with Red Back Mining Inc.

3 Sep 2010