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You Should Know This: Vale-Sumitomo halt Isaac Plains mine in Australia on coal price Bookmark this article

Brazilian mining major Vale and Japan’s Sumitomo Corp are placing their Isaac Plains 50:50 coking coal joint venture on care and maintenance, due to unfavourable coal prices. 177 more words

Mozambique Mining Industry

Interview from Norilsk Nickel CEO Vladimir Potanin

This week Norilsk Nickel’s CEO Vladimir Potanin opened up publicly to discuss the companies strategy of limiting their foreign assets to those most profitable and about his goals for the near and distant future. 442 more words

BHP Billiton

24 Sept 2014 (TheAge) - Coal price fall forces job cuts, says BHP Billiton boss Dean Dalla Valle

(24 Sept 2014, The Age, BusinessDay, p23, Amanda Saunders)

‘BHP Billiton coal boss Dean Dalla Valle says the miner’s decision to cut 700 workers across its Queensland metallurgical coal business is a reaction to dramatic price falls for the commodity and the high cost of operating in Australia. 34 more words

1.Market Observations

23 Sept 2014 (TheAge) - Chinese steel man says production won't reach billion tonnes predicted by big miners

(23 Sept 2014, The Age, BusinessDay, p23, Peter Ker)

‘China’s steel industry is close to peak production and will not reach the highs predicted by big miners such as Rio Tinto and BHP Billiton, a Chinese steel official has told a conference in Melbourne. 27 more words

1.Market Observations

BHP Billiton contributes $1M to rebuild LeRoy, Sask. rink

SASKATOON – BHP Billiton announced Friday it will contribute $1 million over four years to the rebuilding of the community hockey rink in the town of LeRoy, Sask. 153 more words

Canada

Tsogo Sun Moves For Life chess programme is a boost to education

Launched less than a year ago, Tsogo Sun’s Moves for Life chess programme is taking the game to  31 000 learners in more than 100 schools and has trained over 900 teachers schools around the country, with encouraging reports of improved academic performance. 579 more words

Mickey Scheepers

Global Mining: BHP plans to spin-out assets in new mining company

Mining giant BHP Billiton on Tuesday announced plans to demerge its aluminium, coal, manganese, nickel and silver assets into an independent metals and mining company. Mozal, Mozambique aluminium smelter, in which the multinational is main shareholder, will integrate the new company with assets in five countries and 24 000 employee. 512 more words

Mozambique Mining Industry