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Vale Spends Big on Iron Ore Shipping

The largest iron ore producer in the world Vale SA has borrowed $1.23 billion from banks in China for buying ships from a Chinese shipyard.

From Vale 13 Sep 2010

Boart Longyear Upbeat on Latest Financials

Boart Longyear Ltd (ASX:BLY), the world's largest drilling services provider has announced that its net profit for the period ending June 30 was $US32.7 million. This comes after a $US5.4 million loss in the corresponding period last year.

From Boart Longyear 23 Aug 2010

China Gets Mine Safety Advice from Hunter Valley Coal Miners

China's abyssal safety record in the mining industry has provoked Chinese mining officials to seek the help of safety experts from Australia's Hunter Valley region. On an average, 13 people die in mining incidents in China each day.

22 Aug 2010

Zijin Mining Group to Shift Focus from Overseas Expansion to Safety and Environment in China

Toxic leaks, oil spills and fires seem to be plaguing Zijin Mining Group Co. The biggest gold producer in China has decided to slow down its pace of expansion overseas to focus on strengthening the safety and environmental standards at its domestic operations as per a statement made by company Chairman Chen Jinghe.

10 Aug 2010

Bradken MD Says Crisis Over, Growth in Earnings

The Managing Director of Bradken (ASX: BKN), Brian Hodges says that the financial crisis faced by the company was over

10 Aug 2010

India's Reliance Power Gets New Life Line on Coal Power Plant Loan

A full financial, technical and environmental review will be undertaken by the members of the U.S. Export - Import Bank before they take a vote on giving India's Reliance Power a loan. The loan worth $600 million is to finance a new coal fired power plant to be located in India.

20 Jul 2010

Gains Across the Board for Ozzie Mining Stocks

The Labor Party has a new leader and the mining industry is already gaining across the Australian stock market. With Prime Minister Kevin Rudd being ousted by Julia Gillard the proposed Resources Super Profits Tax on the...

From Fortescue Metals Group Ltd 24 Jun 2010

RSPT Will Damage Queensland's Future

The Resources Super Profits Tax (RSPT) proposed by the federal government in Australia on the mining industry is likely to cost the Australian economy more than it benefits it. This has been the main argument of all the ...

23 Jun 2010

Boom Time Ahead for Miners

According to the Australian Bureau of Agricultural and Resource Economics (ABARE), next financial year is going to be boom time for the miners. ABARE expects the mining and energy exports to come to about $170 billion in...

From Fortescue Metals Group Ltd 23 Jun 2010

Caterpillar to Ramp Up Production of Mining Products

Caterpillar Inc. the world's largest manufacturer of construction and mining equipment announced a $700 million investment plan over the next four years. The plan involves production of mining shovels and an expansion of its production of trucks at plants in Decatur, Illinois and Chennai, India.

From Caterpillar 18 Jun 2010

Mining Equipment News

Vale Spends Big on Iron Ore Shipping

Boart Longyear Upbeat on Latest Financials

China Gets Mine Safety Advice from Hunter Valley Coal Miners

Zijin Mining Group to Shift Focus from Overseas Expansion to Safety and Environment in China

Bradken MD Says Crisis Over, Growth in Earnings

India's Reliance Power Gets New Life Line on Coal Power Plant Loan

Gains Across the Board for Ozzie Mining Stocks

RSPT Will Damage Queensland's Future

Boom Time Ahead for Miners

Caterpillar to Ramp Up Production of Mining Products

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GeoSpec: The Industry Standard NMR Rock Core Analyzer

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Mining Equipment News

1 Bolt Metals Signs Letter of Intent to Acquire Silver-Gold Property in Nevada

2 Gold Plus Mining Begins Work Program on its Lawyers East and West Properties

3 A.I.S. Resources to Acquire Kingston Gold Project in Australia

4 ABB Completes Commissioning of the World’s Most Powerful Conveyor System

5 Bagoé Gold Project Acquired by Perseus Mining

6 ABB Links with University of Western Australia to Progress Industry 4.0 Standards for the Future Digital Mine

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