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Posté le: Ven Aoû 30, 2013 9:21 am Sujet du message: Anglo Ame motorcycle performance parts rican expan |
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Anglo Ame motorcycle performance parts rican expands B.C. coal mine with eye on AsiaAdd to ...
Anglo American PLC is expanding its northeastern B.C. mine, betting that the quality of the coal and the ease of transport to Asia will hel motorcycle performance parts p the company win more contracts from steel makers in Japan, China and others in the region.London-based Anglo American, one of the world’s largest mining companies, will make the expansi motorcycle rear sets on announcement Thursday at its operations near Tumbler Ridge, B.C.,adjustable Lever, about 700 kilometres northeast of Vancouver.More Related to this StoryMININGAnglo American silicosis claimants turn to South African courtsAnglo American takes $4-billion hit on Brazil projectPlatinum miner Lonmin makes peace with South African unionMiningVideo: Anglo American's new boss gets toughMr. Schulz holds a basket that he uses to carry coal in Berlin on Feb. 5, 2013. He says that business is in decline and that the job will no longer exist by the time he reaches retirement age.REUTERSgalleryThe dwindling days of coal delivery in GermanyA miner takes a shower after his shift.REUTERSGalleryHungary's coal miners toil far below the surfaceThe company has budgeted $5 sport bike parts 0-million for the first phase of a $200-million, multiyear project custom helmets to boost output of coking (or metallurgical) coal, a key ingredient in the production of steel.Seamus French, head of Anglo American’s metallurgical coal division, said in an interview that its Tumbler Ridge coal is high quality, and that the rail line transporting it to the port of Prince Rupert for export is underutilized.“We see fantastic long-term potential,” he said in an interview, adding that the mining expansion will provide employment security for the 420 Anglo American workers in B.C. as well as generate 100 construction jobs.Mr. French and Mark Cutifani, an Australian who was appointed Anglo American’s chief executive officer in April, will be at the Roman mine site to unveil details of their company’s decision to ramp up production.The expansion is occurring even though coking coal prices have plunged more than 50 per cent over the past two years, to $147 (U.S.) a tonne.Curre Cycle Sector nt output of 1.5 million tonnes a year of metallurgical coal at the B.C. venture is expected to rise after the initial expansion is completed in the first quarter of 2014, clearing the way for a production rate of 2.5 million tonnes annually, Mr. French said. Total output may rise to as much as four million tonnes a year in subsequent phases.Mr. Cutifani’s move to expand the company’s lone Canadian coal mine follows a series of setbacks over the past year in the global mining sector,adjustable motorcycle levers, which has been hard hit by sharp falls in prices for commodities, such as gold, silver and coal. Vancouver-based Teck Resources Ltd. decided three weeks ago to delay restarting its Quintette coal project, also located near Tumbler Ridge. Teck, which closed its Quintette operation in 2000, received provincial permit approval in June to revive the project. But Teck said on July 25 that it wants to see a recovery in the metallurgi clutch and brake levers cal coal market before proceeding with Quintette.Anglo American has taken steps to avoid environmental and other hurdles that have stalled other large mining projects. In British Columbia, the company has committed to building a water management system to treat a metal-like element known as selenium. As well, it has pledged to set aside 1,852 hectares of its tenures to protect caribou habitat and contribute almost $2.6-million (Canadian) toward the Peace Northern caribou plan.Anglo American also plans to award construction of the first phase of mine expansion to a firm owned by First Nations, and expects to sign economic benefit agreements with West Moberly First Nations and other native groups.Steel manufacturers in Japan, South Korea, China, Taiwan and India are among the customers that have been ordering metallurgical coal fr motorcycle accessories online om Anglo American’s B.C. mine.Anglo Am motorcycle clutch erican, which wholly owns the B.C. project through its Peace River Coal Inc. subsidiary, also operates six coal mines in Australia.Bill Bennett,adjustable levers motorcycle, B.C.’s minister of energy and mines, will be on hand for Thursday’s announcement at Anglo American’s Roman property site, which is near the company’s existing Trend mine. The Roman project will effectively be a 499-hectare expansion of the Trend mine, and help extend the life of the company’s coal mining operations in the region by 16 years.More Related to this StoryENERGYStrike-hit coal miner Drummond calls force majeuretradeAs demand for resources moderates, the Canada-China ‘honeymoon is over’ |
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