In response to an increasing demand for OTR tyres in Middle East Africa, Magna Tyres has opened its newest office in Kolkata City. Read full article.
Read MoreCategory: Asia
Vale Indonesia signs $2.1 billion processing plant deal
Nickel miner PT Vale Indonesia has signed an investment deal with China’s Shandong Xinhai Technology and a unit of China Baowu Steel Group to develop a processing plant on Sulawesi, Indonesia, reported Reuters. Read full article.
Read MoreRio Tinto inks $3.3B agreement for Turquoise Hill ownership, Oyu Tolgoi stake
One week after coming to an agreement in principle, Rio Tinto has entered a binding agreement to acquire full ownership of Turquoise Hill Resources – picking up the 49% remaining stake it does not already own – in a deal worth C$43 per share cash, or about $3.3 billion. Read full article.
Read MorePower plant launched at Nordgold’s Lefa
Producer Nordgold has brought new power to its Lefa mine, one of the largest gold operations in Guinea, with the launch of a new 33-megawatt power plant. The US$30 million project was designed and constructed by Chinese manufacturer and service company SUMEC, part of the China National Machinery Industry Corporation (SINOMACH). The heavy fuel oil (HFO) facility replaces a prior…
Read MoreAlmonty’s Sangdong unscathed after historic rains
Canadian-based Almonty Industries has confirmed that its Sangdong tungsten mine under construction in South Korea is stable after receiving some of the heaviest rains in the region in decades. The company said that, in the three days between 9 August and 11 August, the operation received more than 220 millimetres (about 8.7 inches) of rain. “The entire length of the…
Read MoreMonadelphous adds A$100M to books with Oyu Tolgoi contract, more
Engineer Monadelphous has been retained to erect surface infrastructure at the Oyu Tolgoi underground project in Mongolia’s South Gobi region – just one of multiple new contracts for the firm. Read full article.
Read MorePTT exits Indonesian coal market
Thai state-owned energy company PTT has signed a deal to divest its Indonesian coal business for US$471 million to Astrindo Nusantara Infrastruktur, an investment company focused on energy infrastructure. Read full article.
Read MoreMountainside collapse at Chinese mine leaves 10 dead
Ten people were killed and seven injured on 23 July after the collapse of a section of a mountain at a coal mine in the northwestern province of Gansu, China, reported news agency AFP. Read full article.
Read MorePower plant commissioning starts at Angel Nickel site
Nickel Industries has confirmed the commencement of commissioning of a 380-megawatt power plant at its 80%-owned Angel Nickel project at the Weda Bay Industrial Park (IWIP) on Halmahera Island, North Maluku province, Indonesia. Read full article.
Read MoreSouthGobi: Ceke port uptick allows for ops return
SouthGobi, owner of the Ovoot Tolgoi coal mine in Mongolia, said it began returning operations at the mine to normal after a successful six-week trial period of the Ceke Power of Entry, where its tonnage is exported. Read full article.
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