World gold supply 'runs out'... Nov 12, 2009
Global gold production is in terminal decline despite record prices and Herculean efforts by mining companies to discover fresh sources of ore in remote spots, according to the world's top producer Barrick Gold ... Total reserves are 139m ounces, far ahead of rival Newmont Mining at 86m ... co.uk/finance/newsbysector/industry/mining/6546579/Barrick-shuts-hedge-book-as-world-gold-supply-runs-out. (The Drudge Report)
China strategically critical for Caterpillar Nov 11, 2009
When asked about China's position within Caterpillar's global business strategy, Lavin said, "In the context of our global business strategy, China is absolutely critical because it is the largest construction equipment industry in the world, and the mining equipment industry is going to grow aggressively over the next several few years.". He told Xinhua that Caterpillar's strategy is to focus on competing for leadership in China. (Xinhuanet, China)
/C O R R E C T I O N from Source -- Phoenix Coal Inc./ Nov 11, 2009
Highlights for Q3 2009: - On September 30, 2009, the Company sold substantially all of its surface coal mining assets to a privately-owned Ohio-based coal producer, Oxford Mining Company, LLC ("Oxford") for total consideration of approximately $32 ... The loss on the sale of the surface mining operations contributed approximately $36 ... The Company also had restricted cash, cash equivalents and certificates of deposit as collateral for letters of credit for reclamation bonding and escrowed... (Canada Newswire)
First Nickel Reports Financial and Operating Results for the Three and Nine Month Period Ended September 30, 2009 Nov 11, 2009
Three months ended Nine months ended September 30, September 30, 2009 2008 2009 2008 ---------------------------------------------------------------------------- Unaudited Unaudited Sales Revenue $ - $ 12,541,220 $ 4,483,662 $ 36,085,014 -------------------------------------------------------------- Operating costs excluding amortization - 11,717,554 4,173,121 34,771,161 Care and maintenance costs 935,230 - 3,494,172 - Accretion on asset retirement obligations 48,300 47,000 144,900 141,000... (CCNMatthews Press Releases)
Sodexo Announces Both Revenue and Operating Profit Growth for Fiscal 2009 Nov 10, 2009
"In a particularly difficult environment, Sodexo again increased revenues and profits in Fiscal 2009 to a level in line with its objectives. Sodexo remains a growth company. Firmly focused on the future and the long term, we have continued during Fiscal 2009 to invest in the implementation of our strategy, including in our comprehensive offer, in training our teams, in recruiting new talents, in creating platforms of expertise in Facilities Management, and also in four acquisitions in France,... (Yahoo! Wire -- Entertainment News)
Expecting Juneau's homeless to vanish is not an option Nov 10, 2009
The federal Mining Act of 1872 provided for transfer of vast amounts of this land from the public to giant mining companies - not only the subsurface rights, but also the surface rights. Thus, following transfer from the AJ Mining Company, AEL&P acquired private ownership of these lands that would otherwise have been public lands ... Of course, AEL&P has an interest in protecting its transmission equipment from vandalism or accidental damage, but the point here is that they privately own... (Juneau Empire)
Pitt project examines environmental threats Nov 10, 2009
Pitt project examining environmental threats in region ... "It's a big deal and this is the first piece of the puzzle in determining how the region stacks up on environmental threats versus environmental standards and other regions," said Dr. Conrad Dan Volz, assistant professor for Environmental & Occupational Health at Pitt's Graduate School of Public Health and the director and principal investigator for the threat analysis project ... Investigators analyzing the threats will gather feedback... (Pittsburgh Post-Gazette, PA)
Stocks Dismiss Jobs Report Nov 9, 2009
eIBD Investor's Business Daily Digital Edition. Access recent eIBD issues easily. (Investors Business Daily)
Zimbabwe: KP Gives Green Light On Diamonds Nov 9, 2009
Harare Zimbabwe can continue mining diamonds under the Kimberley Process Certification Scheme after the 70-member international diamond trade body accepted that Zimbabwe was reforming its mining practices ... The diamond trade body, in its decision, also agreed to give Zimbabwe time to reform its mining practices, while adopting a working plan proposed by the Government that includes calls for an independent inspector to monitor diamonds ... "The plenary said the Inter-Seasonal and Plenary... (allAfrica.com)
Congolese hold key to Freeport project Nov 7, 2009
A review of mining contracts by the African government also threatens Freeport's ownership stake ... Freeport executives and mining analysts say Tenke possesses the largest copper-ore reserve in the world ... The DRC, which is financially dependent on mineral exports, launched the review of several mining contracts in 2007 to determine whether they were negotiated fairly. (AZCentral -- Business)
Olympic Dam back to normal in 2010: BHP Nov 6, 2009
35, in line with a rally by other mining stocks. A mechanical failure last month forced the mine to shut down its main haulage shaft and to switch to a smaller backup shaft. (Sydney Morning Herald -- Business)
A not-so-merry Christmas Nov 6, 2009
LEIGHTON'S MINING MODEL IN SPOTLIGHT. It will be interesting to see whether Leighton Holdings discusses the future of the contract mining model at its annual meeting in Sydney this morning ... The contract mining model was very popular with many during the boom when there were not enough skilled workers to go around. (Sydney Morning Herald -- Business)
Breakwater Resources Ltd.'s Third Quarter 2009 Financial and Operating Results Nov 6, 2009
The Company is a mining, exploration and development company which produces zinc, copper, lead and gold concentrates ... 0 million lower income and mining tax provisions primarily due to $19 ... Production at Mochito has been running ahead of budget as it relates to throughput and zinc contained in concentrate, on target for costs and behind target for silver and lead due to changes in the mining cycle resulting in the exploitation of lower grade areas. (CCNMatthews Press Releases)
Matsui Caps U.S. Career With Series MVP Nov 6, 2009
Nicknamed "Godzilla" back home, Matsui sent a shot to right field that banged off an advertisement on the facing of the second deck - fittingly, it was a sign for the Japanese company Komatsu, which makes mining and construction equipment. After his hard foul, Matsui added a two-run single in the third and lined a two-run double off the right-center field wall in the fifth. (CBS News)
Is the NSA spying on U.S. Internet traffic? Nov 5, 2009
Rather than specifically targeted surveillance, it is also possible that the Bridgeton room is being used for a classified government project, such as data mining, with which the Pentagon has experimented in the past. Data mining uses automated methods to search through large volumes of data, looking for patterns that might help identify terrorist suspects, for example. (Yahoo News -- Online Privacy)
Caza Oil & Gas Announces Third Quarter Results Nov 5, 2009
In accordance with AIM Rules - Guidance Note for Mining, Oil and Gas Companies, the information contained in this announcement has been reviewed and approved by Anthony B. Sam, Vice President Operations of Caza who is a Petroleum Engineer and a member of The Society of Petroleum Engineers ... This abstract concludes that an entity's own credit risk and the credit risk of the counterparty should be taken into account when determining the fair value of financial assets and financial liabilities,... (CCNMatthews Press Releases)
Dundee Precious Metals Reports Third Quarter 2009 Results Nov 5, 2009
"I am very pleased to report our third quarter 2009 results, noted Jonathan Goodman, President and CEO of DPM. At Chelopech, we continue to experience steady and consistent operating performance - contributing to solid financial gains. The Chelopech mine and mill expansion plans are now finalized and construction has begun with completion expected in the second quarter of 2011. Operational and productivity improvements at Deno Gold translated into positive gross profit from mining operations - a... (CCNMatthews Press Releases)
READ: The ISM's press release Nov 5, 2009
The industries reporting growth of business activity in October listed in order are: Real Estate, Rental & Leasing; Management of Companies & Support Services; Retail Trade; Construction; Mining; Educational Services; Professional, Scientific & Technical Services; Wholesale Trade; and Health Care & Social Assistance ... The eight industries reporting contraction of new orders in October listed in order are: Arts, Entertainment & Recreation; Mining; Other Services; Transportation & Warehousing;... (USA Today -- Money)
New Gold Announces a 16% Increase in Production, 17% Decrease in Cash Cost in the Third Quarter 2009 and Enhanced Value for its El Morro Project Nov 4, 2009
The total cash cost(1) increase during this period is mainly attributable to lower production and the following temporary items: use of a mining contractor to catch-up on waste stripping, fewer ounces of gold and more waste than modelled in the Rainbow 3 pit, increased cost associated with abnormal equipment maintenance and a one-time change-over from bias ply to radial tires for the entire haulage fleet ... Gold sales were lower and copper sales higher in the third quarter 2009 in comparison to... (Canada Newswire)
Japan stocks edge up Wed as investors await US Fed Nov 4, 2009
Sumitomo Metal Mining Co. jumped 2. 6 percent to 1,476 yen. (The Star Online, Malaysia -- Business)
3 Economic Reports Fuel Recovery Hopes Nov 3, 2009
A local mining company here in southern oklahoma that makes aggregate material for road and bridge construction laid off 2/3 of its work force last week. Apparently there is no road or bridge repair stimulus money being spent in this area, or should i say used. (CBS News)
Renewable energy is an opportunity to plan for Nov 3, 2009
But South Africa needs a plan to manage the process of shedding coal-related jobs as others come on stream, to ensure that entire communities dependent on coal mining are not hung out and left to dry, and that our workforce is sufficiently skilled to embrace a solar-powered future. The full extent of the intervention required to mitigate and adapt to global warming is mind-boggling. (Business Report, South Africa)
Stocks Drop Most in Month on Stronger Yen, Weaker Commodities; Canon Falls Nov 2, 2009
Nippon Mining Holdings Inc., Japans biggest copper producer, retreated 6 percent to 390 yen, the lowest since March 31. Mitsui & Co., whose profit is the most sensitive among Japans five largest trading houses to changes in the price of oil, dropped 3. (Bloomberg -- Japan)
Exhibit opens Sunday Nov 1, 2009
While informing the public about the coal mining industry, immigrant labor, and mine safety at the turn of the 20th century, the exhibit will take them beyond the tragedy to understand the changes the Cherry Mine Disaster made in the advancement of labor welfare and mine safety enjoyed by miners in the 21st century,; said Illinois State Historian Dr. Thomas Schwartz ... Authors participating include: Karen Tintori, ;Trapped: The 1909 Cherry Mine Disaster;; Dean and Lorena (Galletti) Cotton,... (Princeton Bureau County Republican, IL)
Zimbabwe: Mugabe Accuses PM's Party of Dishonesty Nov 1, 2009
"They have one leg in and another leg out. "We thought we are together in the inclusive Government, but they run to their European friends and run a parallel government and this is objectionable," he said. He, however, said there were many enquiries by people interested in investing in mining, manufacturing, construction and communications. "The situation is ripe and we need to make sure that the people are employed, agriculture is producing and the country is back on its feet," he said.... (allAfrica.com)
* World Business Quick Take Oct 31, 2009
5 million) stake in Aquila Resources, the Australian mining company said. Aquila said Australias Foreign Investment Review Board (FIRB) had approved Baosteel to take up to 19. (Taipei Times, Taiwan -- World)
IDATE's DigiWorld Summit 2009 - 31st Annual International Conference 18 & 19 November 2009 - Le Corum, Montpellier (France) Oct 30, 2009
IDATE will seek to answer this question during its DigiWorld Summit 09 (18 vember) by examining the prominence of new innovation models built around platform-centric strategies ... health will continue on November 19th with a scientific workshop that combines the following life sciences and ICT topics: medical imaging, robotics, biomedical sensor networks and data mining. (Yahoo! Wire -- Entertainment News)
Exide Technologies Launches New Heavy Duty Battery --- Exide(R) Extreme(TM) Cycler 200 for Aftermarket Oct 30, 2009
Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles. Further information about Exide, including its financial results, are available at. (Primezone Releases)
Voltas' declining stock trend halts Oct 30, 2009
The company designs and manufactures machine tools, mining ruction equipment and sells textile machinery under this division. The Unitary cooling division, under which Voltas manufactures and markets cooling appliances and commercial refrigeration products, grew by 25% in the past quarter. (India Times)
Panamera drives into the heart of Australia Oct 29, 2009
Fortunately, the biggest place we encountered was the mining town of Mount Isa. There's not much you can say about Mount Isa except that we humans can make a fair fist of turning breathtaking wilderness into smoke-belching eyesores. (Sydney Morning Herald -- Business)
SA builds Cuba ties Oct 29, 2009
Targeted sectors included agro-processing, biotechnology, automotives, construction, pharmaceuticals, capital equipment (including mining equipment), chemicals and engineering services. The companies included emerging, well established and women-owned ones. (iAfrica.com)
Teck Reports Third Quarter Results for 2009 Oct 29, 2009
5 million pounds in the third quarter compared with 900,000 pounds last year as a result of mining higher grade sections of the Valley pit ... Copper production of 4,000 tonnes in the third quarter was consistent with the current mine plan, but 23% lower than a year ago as the mine is transitioning from mining the supergene deposit to the primary hypogene zone scheduled for commissioning in the first quarter of 2010 ... Our 40% interest in the Pogo mine was sold in the third quarter to our... (CCNMatthews Press Releases)
Paladin Falls as Uranium Output Forecast Reduced on Slower African Gains Oct 29, 2009
Paladin is evaluating uranium mining assets in Africa, Asia and North America and expects to have an acquisition to announce within the next 12 months, he said, declining to be more specific. Share Sale. (Bloomberg -- Australia & New Zealand)
NV Sales Fall 24-Percent in August Oct 29, 2009
Fifteen of Nevada's 17 counties reported declines, with the exceptions being Lander and Mineral counties, rural areas where purchases of mining equipment often skews results. Clark County that includes Las Vegas, the economic engine of Nevada's tourism-dominated economy, reported $2. (KLAS-TV)
Bucyrus to Present at Goldman Sachs Industrials Conference Oct 29, 2009
Bucyrus is a world leader in the design and manufacture of high productivity mining equipment. Bucyrus' surface mining equipment is used for mining coal, copper, iron ore, oil sands and other minerals ... Bucyrus' underground mining equipment is used primarily for mining coal and also used in mining minerals such as potash and trona. (Primezone Releases)
Durable goods orders rise 1 percent Oct 29, 2009
They were among more than 22,000 employees laid off earlier this year as the world's largest maker of mining and construction equipment scaled back production due to weaker demand. Caterpillar last week said it was seeing encouraging signs that a recovery was under way, even as it reported a 53 percent decline in third-quarter earnings. (MSNBC -- Business)
OceanaGold Third Quarter 2009 Management Discussion & Analysis Oct 29, 2009
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICE. MELBOURNE, Australia, Oct. 29 /CNW. (Canada Newswire)
combating vicious vectors of disease Oct 28, 2009
COMPUTER SURVEILLANCE One of the hottest new fields in infection prevention is data mining. Software such as Corp.'s MedMined Data Surveillance tracks a hospital's admission, discharge and transfer data and laboratory results. (Harper's Magazine)
A sculptural tribute to fallen miners. Oct 28, 2009
During the fairly short drive from Winkelman to the northern flanks of the Santa Catalina Mountains, you meander through the Sonoran Desert, skirt the riparian corridor along the San Pedro River, drive past historic mining towns and wind up at an environmental research station ... Along with a statue of a hard-rock miner and a couple of types of ore buckets, the memorial features a sculpture of life-size metal skeletons holding mining equipment by artist Jerry Parra. (AZCentral -- Travel)
UN: Ivory Coast arms, diamond embargoes violated Oct 28, 2009
A $7 billion mining deal between Guinea's repressive military regime and a little-known Chinese company underscores China's full-throttle rush into Africa and its willingness to deal with brutal and corrupt governments ... They also investigated the trade in rough diamonds, saying illegal exports were being fueled by intensified mining and new technologies. (Fresno Bee -- Nation)
TSX Venture Exchange Daily Bulletins for October 26, 2009 Oct 27, 2009
TSX-X -------------------------------------------------------------------------- ASTRAL MINING CORPORATION ("AA.WT") BULLETIN TYPE: New Listing-Warrants BULLETIN DATE: October 26, 2009 TSX Venture Tier 2 Company Effective at the opening Tuesday, October 27, 2009, the warrants of the Company will commence trading on TSX Venture Exchange ... TSX-X -------------------------------------------------------------------------- GOLDEN DAWN MINERALS INC. ("GOM") BULLETIN TYPE: Property-Asset or Share... (CCNMatthews Press Releases)
Caterpillar to axe 2,500 workers Oct 27, 2009
Caterpillar, the world's largest construction and mining equipment maker, says it will permanently cut 2,500 jobs in the US.. But the news comes even as signs of economic recovery have allowed it to rehire 550 workers it had previously laid off. (BBC News -- Americas)
Board OKs gravel pit permit Oct 27, 2009
SODA SPRINGS -- Caribou County's Planning and Zoning Board, after roughly an hour of debate on Monday, voted to recommend approval of a controversial conditional-use permit that will allow the mining of gravel in McPherson Canyon near Grace, an official said ... "We are also recommending they be allowed to stake out 18 acres for mining." The total property the conditional-use permit will apply to is 28 acres, 10 of which is on county property and will be used for the crushing portion of the... (Pocatello Idaho State Journal, ID)
The Heavy Favorites in Heavy Equipment Oct 27, 2009
Mining equipment specialists continue to shine ... Bucyrus has no virusThe third-quarter results from mining equipment specialist Bucyrus (Nasdaq: BUCY) tell an entirely different story ... Sales from the company's underground mining segment posted the greatest strength, marking a 17. (MSNBC -- Business)
I-90 visitors center needs items for exhibits Oct 27, 2009
The Gillette News-Record: Today. Monday, October 26, 2009. (Gillette News-Record, WY)
Stocks Slide On Mixed Trade Oct 26, 2009
Late Thursday, the mining gear maker delivered Q3 results that blew past views. It also raised its full-year sales outlook. (Investors Business Daily)
Oil And Ghanas Future Lessons to learn Oct 26, 2009
A little of the social costs has already taken place in Ghana where cyanide spills have occurred in local rivers as a result of the activities of mining companies ... The mining industry has been hit very hard and there are reports that cat-scan machinery at our hospitals have also been damaged resulting in many untimely deaths. (Ghana Web, Ghana)
Seven of top-10 firms lose Rs 69k cr in m-cap Oct 25, 2009
State-run mining giant NMDC lost Rs 6,085. 81 crore from its market valuation taking its total market cap to Rs 1,33,134. (India Times)
Letters to the editor (10/25/09) Oct 25, 2009
I suggest all those in favor of shutting down American oil and our other natural resources in favor of the polar bears be the first to stop using all oil, mining, timber and ocean resources from all places in the world. If you have a problem with carbon dioxide related to global warming -- or is it now "climate change". (Anchorage Daily News)
Seek Out Freelance Technical Writin... Oct 25, 2009
Manufacturing firms and the mining industry, for example, have an ongoing need for good technical writers. People who already have a sound knowledge of computers might enjoy a career in technical writing based on information technology. (Suite101.com)
Brong-Ahafo opens trade fair Oct 24, 2009
The region has great potential for investment, which include agriculture, mining, industries (cottage and agro-processing), tourism and others. Mr. Kwadwo Nyamekye Marfo, the Brong-Ahafo Regional Minister, said the region was naturally endowed with resources but the major problem was how to exploit them for the greater benefit of the people. (Ghana Web, Ghana)
Bucyrus earnings climb Oct 24, 2009
Net income for the South Milwaukee-based mining equipment manufacturer climbed to $91 ... Bucyrus (NASDAQ: BUCY) said it experienced a decrease in surface mining equipment sales, due mainly to decreased demand for electric mining shovels, but partially offset by an increased percentage of revenue recognized from the manufacturing and assembly of walking draglines in Australia and Canada ... An increase in underground mining equipment sales was the result of a boost in business across all product... (Milwaukee Business Journal, WI)
Cat exec tapped as company's next CEO Oct 23, 2009
Oberhelman, 56, will assume the transitional titles of vice chairman and CEO-elect on Jan. 1, the world's largest maker of earth-moving construction and mining equipment said on Thursday. He will assume Owens' titles of chairman and CEO following the company's annual meeting next June. (Crain's Chicago Business)
Bucyrus International, Inc. Announces Summary Financial Results for the Quarter and Nine Months Ended September 30, 2009 Oct 23, 2009
Oct. 22, 2009 (GLOBE NEWSWIRE) -- Bucyrus International, Inc. (Nasdaq: - ), a leading designer, manufacturer and marketer of high productivity mining equipment, announced today its summary unaudited financial results for the quarter and nine months ended September 30, 2009 ... EBITDA Reconciliation (Unaudited) Quarter Ended Nine Months Ended September 30, September 30, ------------------ ------------------ 2009 2008 2009 2008 -------- -------- -------- -------- (Dollars in thousands) Net... (Primezone Releases)
Is the NSA spying on U.S. Internet traffic? Oct 23, 2009
Rather than specifically targeted surveillance, it is also possible that the Bridgeton room is being used for a classified government project, such as data mining, with which the Pentagon has experimented in the past. Data mining uses automated methods to search through large volumes of data, looking for patterns that might help identify terrorist suspects, for example. (Yahoo News -- Online Privacy)
Panel: NASA Shouldn't Shoot for Moon Oct 23, 2009
I don't even want to discuss the massive complexities of mining, refining, and material fabrication in micro-gravity when we can't even build a reliable loo. by October 22, 2009 8:05 PM EDT. (CBS News)
Bucyrus International, Inc. Declares Quarterly Dividend Oct 23, 2009
Bucyrus is a world leader in the design and manufacture of high productivity mining equipment for the surface and underground mining industries. Bucyrus' surface mining equipment is used for mining coal, copper, iron ore, oil sands and other minerals ... Bucyrus' underground mining equipment is used primarily for mining coal and also used in mining minerals such as potash and trona. (Primezone Releases)
Ericsson 3Q profits drop 71 percent Oct 22, 2009
Caterpillar is counting on Asian customers to buy more of its mining and construction equipment next year, helping the company move beyond a recession that slammed its third-quarter earnings. Deliveries of the company's yellow-and-black machinery rose in China, one of the company's rare wins last quarter. (Fresno Bee -- Business)
Tysabri sales drive Biogen Idec profit Oct 21, 2009
Caterpillar is counting on Asian customers to buy more of its mining and construction equipment next year, helping the company move beyond a recession that slammed its third-quarter earnings. Deliveries of the company s yellow-and-black machinery rose in China, one of the company s rare wins last quarter. (Boston Globe)
Congo-Kinshasa: Corruption in Kinshasa a Decade After the Fall of Mobutu [analysis] Oct 21, 2009
Several inconvenient facts are undermining President Joseph Kabila's ambitious 'zero tolerance' anti-corruption campaign. Recent reports highlight the failure of efforts to reform Congo's state and the continuing pillage of its mining industry by local and foreign interests ... On 26 September, the Senate published a 122-page report on mismanagement in the mining business. (allAfrica.com)
Young directors Oct 21, 2009
Library invites youths to make film about Mining City ... A new film project wants to put the Mining City's young people in the director's chair. (Montana Standard, MT)
Weak sales hit Caterpillar's profit Oct 21, 2009
The world's largest maker of construction and mining equipment has struggled with lower demand since the world economy worsened late last year. Lower prices for commodities such as iron ore, a key steel ingredient, have undercut orders for its giant mining trucks. (MSNBC -- Business)
Mining the Mountain Tops Oct 21, 2009
Surface Mining is a cheap and destructive method of removing the top-soil and subterranean layers to expose the minerals lying beneath. The of mountain top mining began in the 1970's in Appalachia, especially in West Virginia, and a few other coal-mining areas of the United States where it is used as a cheap way to get to the coal by removing the mountain peaks and digging out the coal ... In other areas, such as Georgia, it is still called and does not apply to mountains or coal mining but to... (Suite101.com)
Caterpillar sees recovery signs Oct 21, 2009
Caterpillar, the world's largest maker of construction and mining equipment, has said it sees "encouraging signs" of economic recovery. Caterpillar reported a stronger-than-expected profit of $404m (245m) for the third quarter, although this was down 54% from a year earlier. (BBC News -- Business)
Tribe teams with Google to make stand in Amazon Oct 19, 2009
Almir Surui, speaking at the 20th annual Bioneers Conference in San Rafael, plans to showcase Google Earth images years in the making that throw into sharp relief the rapid encroachment of illegal mining and logging onto his people's 600,000-acre reserve. The data-rich maps include layers of videos, pictures, text and historical markers gathered by tribe members. (San Francisco Chronicle)
