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Australia teaches lessons on development from mining
ABC AustraliaAustralia Australia is sharing some of its historical lessons about mining's impact on development at an international conference in Sydney.The conference has been organised by the International Mining for Development Centre, an academic centre based at both the University of Queensland and the University of Western Australia.The centre's director Ian Satchwell says, while mining can ...
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South Africas National Mineworkers Union proposes big wage increases
News-MiningThe National Union of Mineworkers in South Africa said Sunday it's looking for wage increases up to 60% more than current levels from gold and coal companies,
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Ghana creates new task force to fight illegal mining
News-MiningGhana's government has created a task force to fight illegal gold and diamond mining in the country. The president blamed the illegitimate practice for costing the country millions of dollars in lost revenue due to the environmental ...
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Chinese ferrochrome import prices seen coming under downward pressure
China MiningOffer prices for high carbon ferrochrome imported into China were relatively stable on Friday but could face downward pressure going forward due to weak demand and rising supply, market participants said. The spot price of Indian-origin high carbon ferrochrome was assessed unchanged at 88-90 cents/lb CFR main China ports Friday on a lack of price indications in the market. Offers for ...
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Combined coal stocks held by six Chinese power generators down 0.7 on...
China MiningCombined coal stocks held by six major power generation companies, in eastern and southern China, averaged 15.708 million mt in the week ended Tuesday, down 0.7% from the previous week, Qinhuangdao Port said in a weekly report on Thursday. The stocks held by Zhejiang Power, Shanghai Power, Guangdong Power (Yudean), Guodian, Datang and Huaneng will be able to last for an average 24 days of ...
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Mining has voters tick
Newcastle HeraldTHE voting intentions of more than half the residents across three federal Hunter seats would be influenced by a party's support for mining, and nearly three-quarters rate the industry as important to the region's economic future, polling ...
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Ikwezi Mining upgrades Ntendeka Colliery resources by over 33
MENAFN(MENAFN - ProactiveInvestors - Australia) Ikwezi Mining (ASX:IKW), which is targeting coal production this September, has increased its resources at its 70%-owned Ntendeka Colliery in South Africa by over 33% with total resources up to 294 million tonnes from 221 million tonnes. Apart from the resource upgrade, it has also boosted its reserves to 16 million tonnes from 14 million tonnes, which ...
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GB Energy granted exploration licence on Stuart Shelf in South Australia
MENAFN(MENAFN - ProactiveInvestors - Australia) GB Energy (ASX:GBX) has been granted exploration licence EL 5231 on the Stuart Shelf by the South Australian Department of Manufacturing, Trade, Resources and Energy.EL 5231 covers 945 square kilometres of the Stuart Shelf, an area on the northeast margin of the Gawler Craton identified by Geoscience Australia as highly prospective for Iron Oxide Copper ...
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Truscott Mining raising up to $500000 for NT gold research and exploration
MENAFN(MENAFN - ProactiveInvestors - Australia) Truscott Mining (ASX: TRM) is raising up to 500,000 for research and development as well as exploration activities on its gold tenements in the Northern Territory.The funds will be raised through a Share Purchase Plan that enables shareholders to purchase between 2,000 and 15,000 worth of new shares.These will be priced at a 15% discount the average ...
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Ashburton Minerals rise 33.3
MENAFN(MENAFN - ProactiveInvestors - Australia) Ashburton Minerals (ASX: ATN) have risen 33.3% today to 0.004 with more than 6.6 million shares trading hands.The company had yesterday noted it had found drill targets from survey data collected over its Mt Andrew project located in the Fraser Range region of Western Australia.Modelling of VTEMmax identified a 500 metre by 200 metre conductor located 50 ...
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Fraser Range Metals Group secures convertible note
MENAFN(MENAFN - ProactiveInvestors - Australia) Fraser Range Metals Group (ASX: FRN) has secured a convertible loan facility worth 200,000. The new facility will be used to fund ongoing exploration and working capital.The terms of the facility include a 5% establishment fee and interest at the rate of 10% per annum.The lenders under the facility are unrelated parties and the repayment date is 15 ...
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Australia stocks gain on bank mining advances
Market WatchLOS ANGELES (MarketWatch) - Australian stocks rose Monday, a stronger start for the benchmark index as banking and mining issues posted gains. The S&P/ASX 200
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Haiti revising outdated mining laws
News-MiningHaiti's government is revising its outdated mining laws with help from the World Bank. The bank said in a brief statement it is supporting the government so it can develop mining in the country's northeastern ...
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Mining firm local groups join hands for nature
InquirerMANILA, Philippines--Getting one's voice heard in this day and age can be a challenge, especially when there is a multitude of voices in society speaking loudly and frequently. For individuals, especially from the marginalized sectors of society, getting policymakers to hear one's concerns--when there are a multitude of concerns to be addressed simultaneously--is especially difficult. ...
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Precious metals fall
The Daily TelegraphGOLD has fallen for the seventh straight trading day, notching its longest losing streak since the financial crisis as the metal approached a fresh low. Fueling the latest leg of gold's selloff -- which has sent prices down 7.4 per cent, or more than $US100 -- were US indicators that pointed to an improving economy. Investors increasingly are lured by rising stocks and other assets that ...
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