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A company set up as a reverse listing vehicle is looking to buy an iron ore business in Chile for around $120 million. RLV No3 was previously to be used as the reverse listing vehicle for retail estate firm The Joneses until that...

In May of 2004, American Mine Research (AMR) and Cumberland Resources joined forces for the first time to enhance safety by installing the first of 15 atmospheric monitoring systems (MC-4000 system). AMR has continued to work with Cumberland Resources in keeping the systems up to date, in addition to working with them on a variety of other projects. In April of this year, AMR installed its newest product, the Mine Net™ tagging, tracking and communication system at the Mill Branch mine. During a June visit to the Mill Branch mine, AMR representatives sat down with superintendent, Jeb T...

Recognized worldwide for matching the mining industry's needs with advances in safety and productivity, American Mine Research continues to push the technological boundaries of mining product development. For over 30 years, AMR has offered a wide variety of monitoring and control electronics, including ground monitors, electronic circuit breakers, and the MC-4000 mine monitoring system. Now, AMR is proud to introduce its latest advancement, the Mine Net™ system, for underground wireless tagging, tracking, and two-way communications. The Mine Net system was developed as a result ...

Tokyo (Platts) -- 22Oct2008 -- Japan's spot aluminium trade stayed muted this week as local traders anticipated London Metal Exchange three-months contract prices would fall below $2,000/mt this week, market sources said Wednesday....

London (Platts) -- 22Oct2008 -- The global production of crude steel decreased 3.6% in September compared with August, at 108.4 million mt, according to figure released Wednesday by the World Steel Association (formerly known as the...

World oil prices weakened in Asian trade on Wednesday on renewed worries about energy demand in the face of slowing global growth. New York's main contract, light sweet crude for December delivery, fell $1.05 to $71.13 a barrel from its close of $72.18 in the US on Tuesday. The contract for november expired on Tuesday, closing at $70.89, reported the The Straits Times.

New York (Platts) -- 22Oct2008 -- A firmer dollar and speculation over possible interest rate cuts in Europe and the UK undermined gold and helped maintain the pressure on non-commercial traders to liquidate long positions in New York...

After a two-year delay, phase six of the giant South Pars gasfield in Iran was launched yesterday by Iranian president Mahmoud Ahmadinejad. Phase seven is due to go on line by year end and phase eight in May. The three phases will produce 104 million cubic metres of sour gas, 158,000 barrels of condensates and 4,450 tonnes of liquefied petroleum gas per day.

OPEC members are divided about the group's plans to cut output and raise prices, reported Bloomberg. Iran's energy minister, Gholamhossein Nozari, said yesterday OPEC may slash output quotas by 2.5 million barrels a day, or 8.7%. The Algerian minister and OPEC president, Chakib Khelil, said two days earlier the reduction may be only 1 million barrels. Last week, he said 'there is a consensus to reduce production, but there is no agreement on how much to cut'. Meanwhile, one analyst said Saudi Arabia is likely to resist a cut of more than 1 million barrels because it's conscious of the political response in the U.S. and other consuming countries.

Qatar, Iran, and Russia, the world's three leading natural gas producers, are forming a 'big gas troika' that could become a permanent body, reported Reuters. Details of the group's role are still being ironed out. Alexei Miller, CEO of Russian gas monopoly Gazprom, said the body would meet up to four times a year to discuss pricing issues. However, Iranian Oil Minister Gholamhossein Nozari said he hopes the group will develop into 'Gas OPEC', a formal body that makes output decisions in the same way that OPEC does.