Newcrest Mining Ltd, Australia's biggest gold company, has delivered a record annual profit and says it is being sought after by third parties to partner on projects as the credit crisis squeezes access to funding. read more »
BHP Billiton Ltd, the world's largest mining company, expects demand for commodities and growth from China to remain strong, after delivering another record annual profit. read more »
Zinc miner Terramin Australia Ltd says it is not operating at a loss unlike some of its peers and that the metal's price will recover from its low levels in coming months. read more »
British mining company Lonmin PLC ramped up its defence against a hostile US$10 billion takeover approach from Anglo-Swiss miner Xstrata PLC on Wednesday, telling shareholders that the offer does not recognize its potential for growth. read more »
Shares in Cameco Corp. (TSX:CCO) dropped more than five per cent Wednesday morning after the company reported increased rates of water flowing into its flooded Cigar Lake uranium mine. read more »
Australian base metals miner Perilya was able to give the Australian share market a dose of adrenalin earlier this week with progress drilling on its Mount Oxide copper-cobalt-silver project in Queensland but today it produced a large spoonful of castor oil.
While the clashes between major shareholders have impacted Norilsk’s ability to increase credit ratings, Standard & Poor’s expect the Russian mega-miner to maintain a competitive cost position and strong cash flows.
Frank Holmes of US Global Investors feels that the downturn in commodity prices has been overdone with commodities and stocks due a considerable rally.
Mining Field: Ventilation and Air ConditioningArea: Airways (Rule#344)
The friction factor, k, is theoretically constant for the same roughness of wall in an airway, regardless of its size. In fact, the factor is slightly decreased when the cross-section is large.
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