Sep 11 2012nbsp018332Indias Goa state which exports more than half the nations iron ore banned all mining after a panel said the provinces government lost an estimated 3494 billion rupees 63 billion.
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Aug 23 2019nbsp018332China Molybendums Congo mine blames mining tax low metal prices for loss issues with production equipment and a deteriorating ore grade contributed to the target miss Do Not Sell.
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The Drilling Company purchased a mining site for 500000 on July 1st 2010 The company expects to mine ore for the next 10 years and anticipates that a total of 100000 tons will be recovered The estimated residual value of the property is 80000 During 2010 the company extracted 6500 tons of ore The depletion expense for 2010 is a 37700.
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Tenke Fungurume Mining which is 80 owned by China Molybdenum with the remainder controlled by state mining company Gecamines also said power failures issues with production equipment and a deteriorating ore grade contributed to the target miss quotThe company is in a deficit zonequot a letter from management sent to employees on Aug 16 read.
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Iron Ore mining ban in Goa lifted by the Honourable Supreme Court with an interim statewide annual production cap of 20 mt with conditions First metal tapped at BALCO 325kt aluminium smelter.
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