Dr. Cameron Chai

Articles from Cameron

New Iron Ore Mine in South Australia Could be the First of Many

IMX Resources has finally opened its Cairn Hill Mine located 55 km south east of Coober Pedy. The South Australian Premier Mike Rann officially opened the mine which is being seen as the first of the next generation of iron ore miners in South Australia this century.

30 Aug 2010

New Evidence Finds Explosive Levels of Methane in Upper Big Branch Mine Prior to Dealy Explosion

In the ongoing investigation at the Upper Big branch mine in West Virginia, new evidence uncovered by federal officials says that a handheld meter had detected explosive levels of methane before the blast which killed 29 miners.

29 Aug 2010

Vedanta Aluminium Halts Plant Expansion in Orissa

In response to the Indian Government’s actions Vedanta Aluminium has stopped the expansion of its alumina refinery at Lanjigarh in Orissa.

29 Aug 2010

Xstrata Make Friendly Takeover Bid for Sphere Minerals

Global mining giant Xstrata has launched a friendly takeover bid for Australian-based Sphere Minerals, valuing them at A $428 million. The iron ore prospector Sphere Minerals is active in Mauritania.

26 Aug 2010

South Africa's Biggest Labor Union Calls for a State Mining Company to Invest in Strategic Minerals

The National Union of Mineworkers (NUM) is in favor of a state mining company to invest in strategic minerals such as platinum, uranium, coal, iron ore and manganese.

26 Aug 2010

Rio Tinto Not Interested in PotashCorp

Speculation over who is likely to make a bid for PotashCorp is growing with bids from Rio Tinto and a Chinese partner being considered as likely candidates.

25 Aug 2010

OZ Minerals Posts $405 Million Profit

As the signs of financial recovery continue to affect the mining industry OZ Minerals presented a net profit for the six months ending 30 June 2010 at $405.7 million. A marked improvement compared to the $580.7 million loss it reported in the corresponding period last year.

25 Aug 2010

Origin Energy Eyes Multi-Billion Dollar LNG Plant

Origin Energy (ASX:ORG) wishes to build a multi-billion dollar LNG plant with partner ConocoPhillips. The liquefied natural gas plant is one of almost a dozen scheduled to start up in Australia by the year 2016.

25 Aug 2010

Vaaldiam Mining Upbeat on Reported Loss

Vaaldiam Mining Inc (TSX: VAA), the Canadian based diamond mining and exploration company, has reported a net loss of $1,682,000 in the second quarter ending on June 30, 2010. It is a sign of improvement as for the same period in 2009 the company had reported a net loss of $2,231,000.

18 Aug 2010

ArcelorMittal in Talks with Chinese Wuhan Iron & Steel Group

Global steel company ArcelorMittal is now in talks with Chinese Wuhan Iron & Steel Group to develop overseas mining projects jointly to gain more raw material resources and reduce cost risks.

18 Aug 2010