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Grupo Mexico offers Asarco creditors US$1.46 billion
Grupo Mexico SAB agreed to pay US$1.46 billion in cash plus a US$280 million note to regain control of its bankrupt copper miner Asarco LLC, the company said in court papers
Vale SA plans to sell 65.7 million convertible notes
Vale SA, the world's biggest iron-ore producer, said it plans to offer 65.7 million convertible notes split into two series due 2012 on global capital markets for general corporate purposes.
China’s copper imports may plunge 64% in second half
Copper imports by China may plunge 64% in the second half after record shipments this year led to excess stocks, UBS AG said
Rio Tinto sells Alcan unit for US$1.2 billion
Rio Tinto has sold part of its Alcan packaging unit to Bemis Co for US$1.2 billion to cut debt.Zimbabwe will review mining contracts
Zimbabwe will review all existing mining contracts and amend laws to compel miners to "use or lose" their mineral rights, Finance Minister Tendai Biti said.South Africa supports Anglo American
South Africa told Anglo American plc at a meeting between chief executive Cynthia Carroll and mines minister Susan Shabangu that it supports the company after the mine operator rejected a merger proposal from Xstrata plcBHP Billiton sells Yabulu to billionaire Palmer
BHP Billiton has sold the Yabulu nickel refinery in Australia after writing down its value by US$675 million, in a retreat from production of the metal.
Rio Tinto completes US$15.2 billion share sale
Rio Tinto, the world's third-largest mining company, completed this year's second biggest share sale, reducing the high level of debt that forced it to consider selling stakes in its most valuable assets
Gabriel fails to reinstate Romania review
Gabriel Resources Ltd, a Canadian gold-mining company, failed to convince a Romanian appeals court to lift a suspension of a review of the project, sending the company’s shares down 26%
Brazilian iron-ore exports fell 16% in June
Brazilian iron-ore exports fell 16% in June from a year earlier after steelmakers abroad turned off blast furnaces, cutting demand for the raw material
Copper rebounds as China manufacturing grows
Copper rebounded on optimism demand may be recovering as manufacturing in China, the world’s largest consumer, expanded for a fourth month and on speculation the country’s bank lending climbed to a record in JuneColombia to decide on Colosa by end-July
Colombia expects to decide next month whether to let AngloGold Ashanti Ltd, the third-largest producer of the metal, resume exploration at the Colosa gold deposit.Gold extends quarterly rise on physical buying
Gold gained in Asia, extending its third quarterly increase, as jewellers and other physical buyers were attracted by the precious metal’s drop below US$940/ozArcelorMittal, Rio Tinto, 8 others vie for Coal India mines
Coal India Ltd short-listed ArcelorMittal, Rio Tinto Group and eight other companies to develop its abandoned mines to help ease a shortage of coal used in power plants in Asia’s third-biggest economy.Subscribe NOW!
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