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Norilsk Nickel may cut overseas production AP
AP - Russian mining company Norilsk Nickel, the world's largest nickel and palladium producer, may temporarily close down some of its overseas units amid a global slowdown for commodities, the chief executive said Thursday.
2008-11-20 11:49:10
Vedanta company suspends mining
An Indian subsidiary of the UK mining company Vedanta says it is suspending bauxite mining in the southern Indian state of Tamil Nadu.
2008-11-20 11:41:08
Widows settle suit against mining co.
The widows of two men killed in a 2006 coal mine fire in West Virginia settled a wrongful death lawsuit against Massey Energy Co., attorneys...
2008-11-18 03:10:28
India stress the need to increase trade and economic engagement with Belarus
New Delhi, Nov 17 ANI: Minister of State for Industry Dr. Ashwani Kumar stressed upon the need to increase the level of trade and economic engagement between India and Belarus on Monday.He was speaking at the bilateral meeting between him and Rusetsky, Minister of Industries, Republic of Belarus in New Delhi today. Dr. Kumar assured the Belarusian Minister of the Government's full support in strengthening trade and economic engagement with Belarus. He told the visiting Belarusian Minister of India's longstanding relationship with erstwhile Soviet Union and invited Belarusian companies to collaborate with Indian companies. He emphasized on the need to increase the frequency of exchange of business delegations and bilateral interactions between captains of industry from both sides. Rusetsky identified heavy engineering, IT, pharmaceuticals and mining and defence sectors as the focus areas for investment in Belarus. Rusetsky invited Indian companies to actively participate in the privatization process of Belarusian industry. Dr. Ashwani Kumar assured him of government's full support to Indian industry to engage in exploring business possibilities in Belarus. Dr. Kumar informed the visiting Minister that despite the global economic slowdown, Indian companies would continue in their endeavours to establish global footprints. Both the Ministers agreed to boost bilateral economic engagement so as to achieve the target of 500 million dollar of trade between the two countries by 2010. ANI
2008-11-17 10:01:08
Brutal reversal stuns mining groups
Mining executives should be used to the cyclical nature of their business by now, but the brutality of the reversal in their fortunes over the past six months has left them in a state...
2008-11-16 23:00:00
Xstrata cuts ferrochrome output
The mining group will suspend six furnaces, cutting its production capacity by 29% and taking 500,000 tonnes off the market...
2008-11-16 23:00:00
London Stock Market ends slightly amid recession concerns
The London Stock Market dropped slightly at the close on Thursday afternoon as investors' concerns about the world economic downturn sustained. The benchmark FTSE 100 index ended down 12.81 points or 0.31 percent to 4,169.21 as Germany also entered into recession. Mining company Fresnillo dropped 13.31 percent while Baring Emerging Europe shed 12.08 percent. Shares of the Man Group, however, rose 9.74 percent. &$&$Source: Xinhua&$&$ ...
2008-11-14 05:30:22
Illegal mining fuels DR Congo war
Rebel leaders use mineral wealth to pay for arms
2008-11-12 18:40:14
Liberia: Richard Tolbert Challenges FPA's Claim
The Chairman of the Inter-Ministerial Concessions Committee is calling on Front-Page Africa, to make public or publish the name of a staff of the National Investment...
2008-11-12 02:54:09
Steel orders fall cools Ukraine growth
Signs of recession are being felt in the eastern industrial heartland of Ukraine. Donetsk, the largest steel and coal-mining...
2008-11-11 08:24:30