The Chinese regime wants to develop two or three new iron mines with a capacity of more than 100 million tonnes a year; several more with a capacity of about 30 million tonnes a year; …
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China’s iron will alone is not enough
Glencore is accused of tax evasion in Zambia but goes for London Launch
Last week Switzerland-based Glencore – the world’s biggest minerals trader – announced it would seek a listing on the London and Hong Kong Stock exchanges in mid-May.
Amid the issues being raised about the firm’s …
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BHP Billiton is rolling in money
BHP predicts strong iron ore prices for 2 years; CEO denies anti-China spying reports
BHP CEO sees high iron ore price for up to 2 years, with optimistim on short term outlook. Kloppers dismisses WikiLeaks …
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Bound to Iron: China’s next five years
China’s dependency on iron ore is going to grow – that much is sure. Steel output is the rock on which its rapid industrialisation project is based.
But from where, and at what price, will …
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Climate news
‘Climate capitalism’ won at Cancun – everyone else loses
Positive spin about the global climate summit in Cancun is based on reaching international consensus and establishing instruments to manage the crisis using market-based strategies – …
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African Minerals’ Shandong deal hit by new delay
African Minerals said a planned $1,5-billion investment in its flagship iron-ore project in Sierra Leone had suffered a further delay with China’s Shandong Iron & Steel needing extra time to complete due diligence.
See http://www.miningweekly.com/article/african-minerals-shandong-deal-hit-by-new-delay-2010-10-29…
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BHP Billiton and Potash Corp
First Nations chiefs plan legal Potash challenge
A group of resident First Nations chiefs are threatening to file a court injunction to force revenue sharing at the company, which could scupper its takeover by mining …
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Climate crisis deepens as talks take place in China
World Gobbling Up Greenhouse Gas Budget: WWF
Greenhouse gas emissions worldwide risk overshooting by a third the threshold beyond which dangerous global warming looms, the environment group WWF said on Wednesday, urging climate talks in …
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Chinalco, Rio Tinto Dig for New Era in Africa
A new era dawned for Aluminum Corp. of China (Chinalco) when its officials recently signed a contract with Rio Tinto to develop an iron ore mine and infrastructure deep in West Africa’s jungles. Chinalco agreed to …
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West African iron ore: world’s biggest mine rush
“The three names dominating about 75% of global seaborne iron ore, Vale, Rio Tinto, and BHP Billiton, are full force involved in West African iron ore.”
London-listed African Minerals has announced further significant …
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