Monthly Archives: January 2014

30 Jan

Kazakhstan, Russia, top mining risk/reward list

Business Monitor has just released its latest analysis on mining opportunities in Central Europe, and it has listed Kazakhstan and Russia at the top of its risk/reward ratings, due to the substantial rewards on offer in those countries, relative to other European players. While some might shy away from the two nations – Kazakhstan is

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16 Jan

Fortescue switching from diesel to gas power generation

Fortescue Metals Group has signed a 20-year gas transportation deal which will underwrite a new $178m gas pipeline to the company’s Solomon hub power station. The iron ore miner expects the switch from diesel to gas static power generation to save it $20m per annum. A joint venture of pipeline developer DUET Group (57%) and

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16 Jan

Indonesia bans export of mineral ores

An Indonesian ban on the export of raw minerals could boost Australia’s nickel industry, but leaves some miners with assets in the Asian nation scratching their heads. Looking to create jobs and lift GDP, the Indonesian government last week banned the export of mineral ores, and demanded that miners build refineries on Indonesian soil, rather

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