Silicon project energised by cheap power

Article Abstract:

Australia's Portman Mining and Japan's Iwatani International Corp. have contracted, at a 50% reduction in costs, an unnamed electric utility to provide electrical power for its silicon metal mining project in New South Wales. The power agreement is believed to be priced at a low two cents a unit. Chemical grade silicon sells for about $1800 a ton, and metallic grade sells for up to $1400 a ton. Power supply represents about 22% of the project's operating costs. Portman will partner with mine contractor Theiss to develop the silicon project. Iwatani will contribute equity and marketing expertise.

Japan, All Other Basic Inorganic Chemical Manufacturing, Electric services, Electric Power Distribution, Iron ores, Iron Ore Mining, Industrial Machinery and Equipment, Industrial inorganic chemicals, not elsewhere classified, Misc Industrial Machinery, All Other General Purpose Machinery Manufacturing, Iron Mines, New South Wales, Silicon, Electric Power, Industrial, Statistical Data Included, Management, Electric utilities, Industrial equipment, Product information, Machinery industry, Chemical industry, Iron industry, Iron mining, Portman Ltd., Industrial electric power, Iwatani International Corp., Theiss

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BHP's new friend digs Pakistan

Article Abstract:

BHP is outsourcing much of its development of Reko Diq, one of the world's largest gold and copper prospects on the borders of Iran, Afghanistan and Pakistan, to Mincor Resources, part of South Africa's Iscor group.

Copper industry, Gold industry, Pakistan, Natural resources, Broken Hill Proprietary Company Ltd., Indian Ocean Islands, Mincor Resources Inc.

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Rio's costly blunder

Article Abstract:

Rio Tinto lost $16 billion worth rights to mine iron ore in western Australia due to delay in a courier and subsequent delay to submit a renewal form. The contract was claimed by Cazaly Resources.

Australia, Contracts & orders received, Mining & Extractive Industries, Mining, Contracts & orders let, All Other Metal Ore Mining, METAL MINING, Ferroalloy Ores, Chemical & Fertilizer Minerals, Other Nonmetallic Mineral Mining and Quarrying, Contract agreement, Mineral industry, Rio Tinto Ltd.

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