Dr. Cameron Chai

Articles from Cameron

Iron Ore Holdings Extends Bid for Baffinland Until December

Iron Ore Holdings had made a bid for Baffinland Iron Ore Mines offering 80 cents a share for Baffinland on September 22. The original deadline which was due to expire has been extended to December 2, 2010.

23 Nov 2010

China Cuts Back on Indian Iron Ore

China seems to have reduced its iron ore imports from India over the last few months. The general trend has been emerging in the global markets but now facts have come to light with concrete data to support it.

23 Nov 2010

China Rescues 29 Trapped Coal Miners

29 miners trapped in a Chinese mine were rescued on Monday. The China Central Television broadcast live images of people being rescued from the coal mine in the Sichuan province.

23 Nov 2010

Clive Palmer Sets the Xmas Bonus Bar High

Clive Palmer, the mining billionaire, has turned around the Townsville mining company Queensland Nickel within a space of two years. The nickel refinery went from losing $10 million per month to making a $100 million profit this year.

22 Nov 2010

Rescue Efforts Underway at NZ Coal Mine

Close on the heels of the ordeal of 33 Chilean miners trapped in an underground copper mine, yet another tragedy has struck the mining industry. 29 men are trapped down the Pike River coal mine in New Zealand. There has been no contact with the miners since an explosion ripped through the Pike River colliery. Naturally occurring methane gas is thought to have caused the coal mine explosion. High levels of gas have been detected near mine ventilation shafts.

22 Nov 2010

Australia Moves into Biggest Ever Mining Boom

The federal treasurer Wayne Swan predicted that Australia would move into its biggest mining boom phase in October, possibly the largest since the 1850s.

21 Nov 2010

Growing Concern from Europe on Future Supply of Raw Materials

The European Union is seeing the shortage of raw materials as a major risk for the global economy as demand begins to exceed supply. European Union trade chief Karel De Gucht said that no country possessed all the raw materials that it needed.

21 Nov 2010

U.S. Rich in Rare Earth Elements

China may have competition from the U.S. as a supplier of Rare Earth Elements (REE). The fact that China is currently the world’s largest supplier of Rare Earth Elements with more than 90% of market share was brought home drastically when it put a temporary ban on the export of these minerals some weeks ago.

21 Nov 2010

South African Miners Sue Relative of President Jacob Zuma Over Pay Issues

In what will be a historical case South African union mining workers have decided to sue the mine owning relative of President Jacob Zuma. A nephew of the South African president owns that Aurora Empowerment Systems firm. The firm is a black affirmative action investment company which has limited mining exposure.

16 Nov 2010

Caterpillar Looks to Acquire Bucyrus

The machinery and engine manufacturer Caterpillar has placed a $7.6 billion takeover bid for another equipment maker, Bucyrus. Currently Caterpillar produces heavy duty trucks and excavators. If the deal with Bucyrus goes through it will add giant electrical shovels and other mining equipment to its catalogue.

16 Nov 2010