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Riversdale Mining
Riversdale Mining is an Australian mining company, listed on the S&P/ASX 200. It specialises in coal mines in Africa. Tata Steel owned a stake of approximately 24% in Riversdale; Passport Capital and Brazilian steelmaker CSN also have a stake. In April 2010, Rio Tinto Group gained a majority stake. Operations In June 2010, Riversdale Mining signed an agreement with Wuhan Iron and Steel to jointly develop Riversdale's Zambeze coal reserves in Mozambique, one of the world's largest undeveloped coking coal areas; Wuhan will also buy coal from Riversdale's nearby Benga mines. The Benga mines are expected to produce 20 million tonnes per year. These mines are near Moatize in Mozambique. Riversdale also has the Zululand anthracite mine in northern KwaZulu Natal in South Africa. Takeover Riversdale has been in takeover talks with Rio Tinto, valuing it at A$3.5 billion; the government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Gov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mining
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
S&P/ASX 200
The S&P/ASX 200 index is a market-capitalization weighted and float-adjusted stock market index of stocks listed on the Australian Securities Exchange. The index is maintained by Standard & Poor's and is considered the benchmark for Australian equity performance. It is based on the 200 largest ASX listed stocks, which together account for about 82% (as of March 2017) of Australia's share market capitalization. The ASX 200 was started on 31 March 2000 with a value of 3133.3, equal to the value of the All Ordinaries at that date. The ASX 200 reached 6,000 points for the first time on Thursday 15 February 2007. On 22 December 2017, the ASX 200 was 6,069. The ASX 200 crossed the 7,000 points level for the first time on 16 January 2020. Bloomberg, CNBC, Yahoo! Finance and Wikinvest use respectively the symbols ''AS51'' ' ' and ''AXJO'' to refer to this index. The ASX 200 webpage offers a Share market game as an educational tool with $50,000.00 AUD virtual cash. Calculations T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Africa
Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area and 20% of its land area.Sayre, April Pulley (1999), ''Africa'', Twenty-First Century Books. . With billion people as of , it accounts for about of the world's human population. Africa's population is the youngest amongst all the continents; the median age in 2012 was 19.7, when the worldwide median age was 30.4. Despite a wide range of natural resources, Africa is the least wealthy continent per capita and second-least wealthy by total wealth, behind Oceania. Scholars have attributed this to different factors including geography, climate, tribalism, colonialism, the Cold War, neocolonialism, lack of democracy, and corruption. Despite this low concentration of wealth, recent economic expansion and the large and young population make Afr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Passport Capital
A passport is an official travel document issued by a government that contains a person's Identity (social science), identity. A person with a passport can travel to and from foreign countries more easily and access consular assistance. A passport certifies the personal identity and nationality of its holder. It is typical for passports to contain the full name, photograph, place and date of birth, signature, and the expiration date of the passport. While passports are typically issued by national governments, certain subnational governments are authorised to issue passports to citizens residing within their borders. Many nations issue (or plan to issue) biometric passports that contain an embedded microchip, making them Machine-readable medium, machine-readable and difficult to counterfeit. , there were over 150 jurisdictions issuing e-passports. Previously issued non-biometric machine-readable passports usually remain valid until their respective expiration dates. A passport ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rio Tinto Group
Rio Tinto Group is an Anglo-Australian Multinational corporation, multinational company that is the world's second-largest metals and mining corporation (behind BHP). The company was founded in 1873 when of a group of investors purchased a mine complex on the Rio Tinto (river), Rio Tinto, in Province of Huelva, Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions. Although primarily focused on extraction of minerals, Rio Tinto also has significant operations in refining, particularly the refining of bauxite and iron ore. Rio Tinto has joint head offices in London (global and "plc") and Melbourne ("Limited" Australia).Suburbs & Postcodes " City of Melbourne. Retrieved 5 April 2010. Rio Tint ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wuhan Iron And Steel
Wuhan Iron and Steel Corporation (WISCO) is a Chinese state-owned enterprise. It started to operate in 1958 in Qingshan, Wuhan, Hubei, China. It was administrated by State-owned Assets Supervision and Administration Commission of the State Council (SASAC), but in 2016 it was merged with fellow SASAC supervised steel maker Baosteel Group. According to the World Steel Association (Chinese companies data was provided by China Iron and Steel Association), the corporation was ranked the 11th in 2015 the world ranking by production volume. However, after a heavy net loss in 2015, a plan to cut the production capacity in Qingshan plant, Wuhan, in Echeng plant, Ezhou as well as in Xiangyang plant for a total of 4.42 million metric tonnes, was announced on 7 July 2016. History The steel plant in Qingshan, was one of the of the First Five-year plan of China. In 1997, a subsidiary, Wuhan Iron and Steel Co., Ltd. was incorporated to listed Qingshan steel plant in Shanghai Sto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zambeze
The Zambezi River (also spelled Zambeze and Zambesi) is the fourth-longest river in Africa, the longest east-flowing river in Africa and the largest flowing into the Indian Ocean from Africa. Its drainage basin covers , slightly less than half of the Nile's. The river rises in Zambia and flows through eastern Angola, along the north-eastern border of Namibia and the northern border of Botswana, then along the border between Zambia and Zimbabwe to Mozambique, where it crosses the country to empty into the Indian Ocean. The Zambezi's most noted feature is Victoria Falls. Its other falls include the Chavuma Falls at the border between Zambia and Angola, and Ngonye Falls near Sioma in western Zambia. The two main sources of hydroelectric power on the river are the Kariba Dam, which provides power to Zambia and Zimbabwe, and the Cahora Bassa Dam in Mozambique, which provides power to Mozambique and South Africa. Additionally, two smaller power stations are along the Zambezi Riv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mozambique
Mozambique (), officially the Republic of Mozambique ( pt, Moçambique or , ; ny, Mozambiki; sw, Msumbiji; ts, Muzambhiki), is a country located in southeastern Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west, and Eswatini and South Africa to the southwest. The sovereign state is separated from the Comoros, Mayotte and Madagascar by the Mozambique Channel to the east. The capital and largest city is Maputo. Notably Northern Mozambique lies within the monsoon trade winds of the Indian Ocean and is frequentely affected by disruptive weather. Between the 7th and 11th centuries, a series of Swahili port towns developed on that area, which contributed to the development of a distinct Swahili culture and language. In the late medieval period, these towns were frequented by traders from Somalia, Ethiopia, Egypt, Arabia, Persia, and India. The voyage of Vasco da Gama in 1498 marked the arrival of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moatize
Moatize is the principal town and administrative center of Moatize District in western Mozambique, Mozambique's Tete Province. It is located on the eastern side of the Zambezi River at the confluence of the Moatize and Revúboé River, Revuboe Rivers. After Tete, it is the second largest urban area, by population, in western Mozambique. Economy The economy of Moatize is based in the extraction of natural resources, specifically Metallurgical coal, coking coal. The surrounding coal basin has an estimated 2.5 billion tons of coal. In 2006, Vale (mining company), VALE, a Brazilian company gained a concession to build and operate a coal mine at Moatize to export coal via rail to Beira, Mozambique, Beira, a Mozambican port. As of 2012, eight mining companies operated within the greater Moatize area, including Riversdale Mining, an Australian company. Additionally, there are several small-scale businesses located in and around Moatize that cater to international businessmen engaged i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anthracite
Anthracite, also known as hard coal, and black coal, is a hard, compact variety of coal that has a submetallic luster. It has the highest carbon content, the fewest impurities, and the highest energy density of all types of coal and is the highest ranking of coals. Anthracite is the most metamorphosed type of coal (but still represents low-grade metamorphism), in which the carbon content is between 86% and 97%. The term is applied to those varieties of coal which do not give off tarry or other hydrocarbon vapours when heated below their point of ignition. Anthracite ignites with difficulty and burns with a short, blue, and smokeless flame. Anthracite is categorized into standard grade, which is used mainly in power generation, high grade (HG) and ultra high grade (UHG), the principal uses of which are in the metallurgy sector. Anthracite accounts for about 1% of global coal reserves, and is mined in only a few countries around the world. The Coal Region of northeastern Pen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
KwaZulu Natal
KwaZulu-Natal (, also referred to as KZN and known as "the garden province") is a province of South Africa that was created in 1994 when the Zulu bantustan of KwaZulu ("Place of the Zulu" in Zulu) and Natal Province were merged. It is located in the southeast of the country, with a long shoreline on the Indian Ocean and sharing borders with three other provinces and the countries of Mozambique, Eswatini and Lesotho. Its capital is Pietermaritzburg, and its largest city is Durban. It is the second-most populous province in South Africa, with slightly fewer residents than Gauteng. Two areas in KwaZulu-Natal have been declared UNESCO World Heritage Sites: the iSimangaliso Wetland Park and the uKhahlamba Drakensberg Park. These areas are extremely scenic as well as important to the surrounding ecosystems. During the 1830s and early 1840s, the northern part of what is now KwaZulu-Natal was established as the Zulu Kingdom while the southern part was, briefly, the Boer Natalia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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