Mining profits in British Columbia fell by nearly half in 2007 due to a drop in coal prices, reduced shipments and the impact of the soaring Canadian dollar, but rising coal and metal prices and increased investments are expected to reverse that trend this year. read more »
BHP Billiton Ltd shares hit a record high today amid speculation that Rio Tinto Ltd's largest shareholder, Chinese state-owned aluminium giant Chinalco, was preparing to take a stake in the rival miner. read more »
The devastating earthquake in China's Sichuan Province has not affected Sino Gold Ltd's Jinfeng gold mine but it is yet confirm whether families of workers have been injured. read more »
The quarterly Fortis Hedging and Financial Gold report says the first quarter of 2008 saw a “huge” drop in gold hedging, but the market support from producer buybacks is coming to a close.
Mining Field: Shaft SinkingArea: Compressed Air (Rule#158)
One thousand cfm of compressed air is needed to blow the bench with a two-inch blowpipe.
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