Vedanta subsidiary wants land for steel production
Sesa Goa to buy land in Orissa, Jharkhand; plans to set up steel plant India’s largest private sector producer and exporter of iron ore, Sesa Goa Ltd, is acquiring land in the eastern states of Jharkhand and Orissa with an eye on manufacturing steel, managing director P.K. Mukherjee said on Tuesday. See http://www.americanchronicle.com/articles/yb/147653770.
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 Chinese investment in its Tonkolili, Sierra Leone, iron ore project, now by Shandon g Iron & Steel, which plans to put USD [...]
Australian mining tax update
Australia, miners strike tax compromise The “super profits tax” has been discarded in favour of a resources rent tax that has been endorsed by key global miners including London-listed BHP Billiton, Rio Tinto and Xstrata. See http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=107295&sn=Detail. Mining industry roars back to life Share prices soared and hundreds of millions of dollars worth of stalled [...]
Flatulent dog to trumpet Australian mining industry
The heart-warming tale of a friendly, flatulent and hitch-hiking dog has seen major mining firms branch out into new territory, as they support an Australian film about the legendary “Red Dog”. Companies such as Rio Tinto and Woodside Petroleum have backed the low-budget movie which depicts Western Australia’s resource-rich Pilbara region in the 1970s when [...]
Rio Tinto and BHP Billiton pile tax pressure on Australian PM
BHP quoted saying mining tax lowers value of Rio JV BHP Billiton chief executive Marius Kloppers said the Australian government’s proposed mining tax has cut the value of its proposed Pilbara iron ore merger with Rio Tinto, a newspaper reported. See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=105203&sn=Detail&pid=92730. BHP could increase investments in Latin America due to Australian tax proposal Multinational [...]
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