Announcement

Sunday, November 6, 2011

Adaro Energy sees rising coal production

Indonesia’s second biggest coal miner Adaro Energy aims to produce 53 million to 55 million tonnes of coal in 2012, up from 46 million to 48 million tonnes forecast for this year.

Mr Garibaldi Thohir president director of Adaro said that he expected the company to maintain an average

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Salmon River ink MoU with General Steel Holding

Salmon River Resources Ltd announced that it has signed a non binding MoU with General Steel Holdings Inc a company listed on the New York Stock Exchange, for itself and on behalf of certain subsidiaries and affiliates regarding rights to purchase part of any future iron ore production from

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Indian white coal gains popularity in Europe

Commodity Online reported that the white Coal produced from agricultural waste in Rajasthan has gained popularity in European countries.

The white coal produces very low level of carbon which helps to protect the environment as result the demand for the commodity has been rising in Europe

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Rio Tinto and University of Western Australia developing advanced exploration technology

World leading mining exploration technology from Rio Tinto's Mine of the FutureTM program attracted a visit today from His Royal Highness The Duke of Edinburgh as a prelude to the Commonwealth Heads of Government Meeting in Perth.
br> At The University of Western Australian His Royal Highness
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Mitsubishi Corp reports H1 net profit fall

Japanese trading house Mitsubishi Corp said that its net profit for the six months ended September 30 fell 8.3% from a year earlier, citing lower margins from trading in natural resources and steel.

Mitsubishi, Japan's biggest trading house by revenue, also said it has decided to invest

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