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Nippon Mining
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24 сентября 2013, 17:48

Asian Copper Buyers: Hurting Miners?

Several years ago, Asian mining companies were all the buzz.The idea was that deep-pocketed miners from China, Japan and Korea were going to buy projects around the world. With the aim of securing metal supply for their own domestic use.This of course, was good for junior development companies, who would receive joint venture deals or buyouts on the prospective projects they had identified around the globe.It appears such plans have now come to fruition. Executives from major Japanese miner JX Nippon Mining & Metals told Reuters this week that…Read more...

03 сентября 2013, 16:47

Rio Tinto ships first iron ore from newly expanded operations

Rio Tinto (RIO) says it has begun shipping iron ore from its newly expanded port, rail and mine facilities in Western Australia, one of the biggest mining projects in the country.The first 165K metric ton shipment is bound for Nippon Steel & Sumitomo Metal's Kimitsu plant in Tokyo.Annual capacity at RIO's Australian operations is 290M tons; construction of a second expansion phase, which would increase Rio's capacity to 360M tons, is continuing for now pending a decision on a ~$5B investment. Post your comment!