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Sigdo Koppers Acquire Belgian Mining and Cement Services Company

Sigdo Koppers, an industrial engineering conglomerate based in Chile, has agreed to buy Magotteaux Group, a Belgian mining and cement services company for the sum of $ 790 million. The acquisition deal follows the sale of 64% stake Sigdo Koppers held in appliance manufacturer Compania Tecno Industrial SA. The stake was sold to Electrolux AB, the Swedish home appliance making company.

24 Aug 2011

Cabo Drilling Receives Drilling Contract from Puddle Pond Resources

Cabo Drilling has secured a 6,000+ m drilling contract from the Puddle Pond Resources to drill at the Molypeak and Horn-Mesher projects at Lloyd's Lake, which is located in south-central Newfoundland.

From Cabo Drilling Corp. 24 Aug 2011

Sand Mining in Cambodia Could be an Environmental Catastrophe

Sand mining in Cambodia is being seen as a major hurdle for the environment. The serene rivers tend to become an industrial nightmare with flotillas of dredgers operating 24 hours a day, scooping up sand and piling it onto ocean-bound barges.

23 Aug 2011

Investors Fear Nationalization of Mining in South Africa

The African National Congress has been thinking about the nationalization of mines in South Africa for some time now, and it does not make the investors happy. While the South African ruling party has said that 26% of the mining industry ownership needs to be transferred to African owners by 2014, the investors fear that they may ask for more.

23 Aug 2011

Golden Dawn Minerals Receives Drilling Permit for Wild Rose Portion

Golden Dawn Minerals has received its amended drilling permit from the British Columbia Ministry of Energy and Mines for the Wild Rose portion of the Wild Rose-Tam O'Shanter property.

From Golden Dawn Minerals Inc. 23 Aug 2011

EastCoal Completes 90% Construction of Wash Plant at Verticalnaya Mine

EastCoal has completed 90% construction of the wash-plant for the Ukraine-based Verticalnaya mine. The company is expecting to ship the plant from the UK manufacturer in the upcoming month. It is preparing the ground work on site.

23 Aug 2011

Greedy Politicians Could Destroy Mining Industry in Tumkur and Chitradurga

The greedy politicians are to blame for miners’ miseries in Tumkur and Chitradurga as per the mining industry. The Central Empowered Committee or CEC appointed by the Supreme Court of India has recommended a mining ban in both these mining districts as an extension of their July 29 th order which suspended mining in Bellary.

22 Aug 2011

PNG Mining Industry Concerned About Transfer of Resources to Traditional Owners

The Papua New Guinea mining and petroleum industry is worried about the changes that have been proposed to the mining laws in the country. The government is reviewing existing laws to revert ownership of resources on, as well as under the land and seabed to the traditional owners.

22 Aug 2011

Cypress Development Inks Second Amending Agreement for Twenty-One Silver-Gold Claims

Cypress Development has signed a second amending contract with. Robert Marvin,an independent consultant, in which the company received a work extension at the Twenty-One Silver-Gold claims, which is situated in west central Nevada-based Mineral County from July to December, 2011.

From Cypress Development Corp. 22 Aug 2011