Tag Archives: miners

China Pullout Deals Blow to Pakistan

Mining Company Abandons $19 Billion Pact; Move Is Setback to Islamabad’s Effort to Establish Beijing as Foil to U.S.

By TOM WRIGHT in New Delhi and JEREMY PAGE in Beijing

A Chinese mining company pulled out of what was to be Pakistan’s largest foreign-investment deal because of security concerns, complicating Islamabad’s effort to position its giant neighbor as an alternative to the U.S. as its main ally.

An official at China Kingho Group, one of China’s largest private coal miners, said on Thursday it had backed out in August from a $19 billion deal in southern Sindh province because of concerns for its personnel after recent bombings in Pakistan’s major cities. …

Read more » The Wall Street Journal

Viva Chile! A great country, heroic people & their fighting spirit. Salute to this great nation & its people

Rescued Chile miners recover, face celebrity status
By Cesar Illiano and Terry Wade
COPIAPO, Chile (Reuters) – Chile’s 33 newly rescued miners recovered from their ordeal on Thursday while also pondering the celebrity status they have gained following a more than two-month entrapment deep under a remote desert.
Read more : YahooNews