Latest News
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%
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 JuneBrazilian 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 materialGold 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.Severstal asked to improve High River offer
Four minority shareholders of Toronto-based High River Gold Mines Ltd said OAO Severstal should improve an offer for the shares it doesn’t already own, Vedomosti reported, citing Ryan Dodd, a partner of Specialized Asset Managemen
Colombia 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.
BHP closes parts of Perseverance mine after rock fall
BHP Billiton, the world’s biggest mining company, said parts of its Perseverance nickel mine in Western Australia are closed following a rockfall, the second such event to suspend operations this month
Commodity rally may end as supply rises
Commodities, heading for the first quarterly advance in a year, may struggle to repeat their gains in the next three months as supply expands and speculators sell.
IFC expects to double mining investments
International Finance Corp, the World Bank Group’s private-sector lending arm, expects to double mining investments to about US$100 million in its current fiscal year as commercial lenders curb loans.Codelco plans Radomiro Tomic expansion
Codelco, the world’s largest copper producer, said it plans a second phase of expansion at its Radomiro Tomic mine in Chile.ArcelorMittal mine accident kills three
ArcelorMittal Temirtau, the Kazakh unit of the world’s largest steelmaker, said an accident at its Tentekskaya coal mine killed three workers.Vale doesn’t plan to buy Anglo
Vale SA, the world’s largest iron- ore exporter, isn’t planning acquisitions, Chief Executive Officer Roger Agnelli said, amid speculation that the company could be considering a bid for Anglo American plc.Subscribe NOW!
COMPANY NEWS
Recently Updated Portals
BUSINESS DIRECTORY
Coming soon to this site!
Premium entries will feature logos, product galleries, detailed descriptions and more.
RESOURCE NEWS
Site Search
Log inLatest Issue: 03/07/09
-
Editor's Comment
-