Dr. Cameron Chai

Articles from Cameron

Hollywood May Tell Story of Trapped Chilean Miners

The successful rescue of 33 miners who were trapped underground for nearly two months in Chile is likely to be made into a Hollywood movie.

15 Nov 2010

Essakane Mine in Burkina Faso Back Online

The Essakane Mine in Burkina Faso has re-commenced operations as IAMGOLD Corp announced that the maintenance crew has restarted the semi-autogenous grinding (SAG) mill at the mine. The SAG mill restart attempt on Monday had seen the variable frequency drive fail. This had resulted in a temporary blackout in the generating station.

15 Nov 2010

India Approves Coal Mining at Reliance Power's Jharkhand Project

Reliance Power has received the go ahead from the Indian government for its project in the state of Jharkhand. The proposed Rs. 20,000 crore project has been granted initial clearances for coal mining.

15 Nov 2010

Anglo American Offloads More Assets

Anglo American has made £589 million from the sale of two steel processing plants. This is part of a series of sales that it is initiating to reduce businesses which are not essential to its growth. The two steel plants sold to the Australian company One Steel are located in Chile and Canada.

15 Nov 2010

BHP Billiton Begins Share Buyback

BHP Billiton is trying to salvage the situation after its Canadian Potash bid fell through. The Chief Executive Officer Marius Kloppers must be disappointed after this third failed proposition. The first two being related to the hostile bid for Rio Tinto and the following iron ore joint venture with Rio Tinto in the Pilbara region of Australia.

15 Nov 2010

Rio Tinto Alcan To Expand Vaudreuil Works Alumina Refinery

Rio Tinto Alcan says that it will invest $10 million in the expansion of the Vaudreuil Works alumina refinery in Jonquière, Quebec.

14 Nov 2010

TransAlta Plans Natural Gas Extension to Sundance Coal Plant in Alberta

TransAlta Corp has said that it intends to build a natural gas extension to its Sundance Coal Plant in Alberta. The combined cycle plant will replace the power generated by a coal fired generator at its facility near Edmonton.

14 Nov 2010

Copper Boom Driven by Chinese Demand

The price of copper ore shot up to a record high riding on the Chinese demand wave. The benchmark copper contract went up by 2.5 % on the London Metal Exchange to a record value of $8,966 per tonne. This went beyond the 2008 record price of $8,940 per tonne.

14 Nov 2010

Straits Resources in Talks With Thailand's PTT Group

Australian mining company Straits Resources is in talks with Thailand’s PTT Group for a coal deal. PTT is interested in a deal involving the coal mining assets of the miner. Straits Resources has not provided any details about the talks as yet.

11 Nov 2010

Mining Boom Not Great for Australian Manufacturing Base

The burgeoning demand by the mining industry for equipment is actually not a boon for the manufacturing industry. Unable to meet the huge demand companies like Caterpillar are looking to import equipment from Mexico rather than construct it in Australia.

11 Nov 2010