BHP Billiton Ltd. said Friday that China's Baosteel, negotiating on behalf of the Chinese steel industry, agreed to price hikes of up to 96.5 per cent for iron ore supplies this year following protracted negotiations. read more »
Global mining company BHP Billiton said Thursday that U.S. antitrust regulators had granted partial approval for its US$170 billion hostile takeover bid for rival Rio Tinto. read more »
Mountain Province Diamonds Inc. (TSX:MPV) has discovered a 25-plus carat, gem-quality diamond at its Gahcho Kue mine in the Northwest Territories, a find it says is the largest gem-quality diamond ever recovered from Canadian diamond exploration drill program. read more »
Rio Tinto Ltd, the world's second largest iron ore producer, has concluded price negotiations with its Asian customers for the steelmaking commodity as investors wait for BHP Billiton Ltd to settle its contracts. read more »
Two Chinese steel companies combined Monday to form the world's fifth-largest producer, the latest in a series of government-orchestrated deals aimed at creating globally competitive suppliers amid booming demand.read more »
A high-powered group of international experts is warning a "no-holds-barred" race for Arctic resources could shape up unless countries around the world move faster to reach agreements on development, safety and environmental standards.read more »
Governors and premiers from several western states and provinces met Sunday to discuss strategies for protecting wildlife that roams their region while also capitalizing on immense energy resources.read more »
China Railway Group and Sinohydro Corp are to slash their stake in a huge Congo copper/cobalt development to bring in state-owned China Metallurgical Group.
Latest reports from the two main uranium pricing organisations offer a glimmer of hope for uranium juniors after months of gloom which has seen the spot price collapse from $135 a pound down to below $60 a pound.
ETF Securities suggests that commodities have outperformed equities by 4:1 over the past ten years, that ETFs in all commodities were up by 26.8% in the first half of this year and ETF Securities asserts that globalisation makes portfolio diversification all the more important; also the IMF notes the proliferation of OTC derivatives, precious metals’ slippage from the spotlight and China’s increasing market share.
Mining Field: ElectricalArea: Motors (Rule#453)
AC motors operate very well at 5% over-voltage, but are likely to give trouble at 5% under-voltage.
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