Articles By Section: Finance

This page lists all articles in the Finance section on the Mining Journal database. You can sort the list by type, date, or reader rating. To browse another section, use the menu in the column on the right.

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Article	Type	Published Date	Rating
Oz Minerals profit higher A strong performance from Oz Minerals Ltd’s Prominent Hill gold-copper mine in South Australia has guided the company to a A$405.7 million (US$350 million) net profit for the first half of 2010.	Magazine Article	27 Aug 2010	0 Stars
Lihir approves merger Lihir Gold Ltd’s shareholders have overwhelmingly approved an A$10 billion (US$9 billion) takeover by Newcrest Mining Ltd.	Magazine Article	27 Aug 2010	0 Stars
Glencore profit Commodity trader Glencore has reported a 42% increase in profits for the first half of calendar 2010 compared with a year earlier.	Magazine Article	27 Aug 2010	0 Stars
Kolwezi controversy deepens The controversy surrounding the disputed Kolwezi tailings project in the Democratic Republic of Congo (DRC) has deepened following a deal that provides Eurasian Natural Resources Corp (ENRC) with indirect control of the venture.	Headline Article	27 Aug 2010	0 Stars
Chalco H1 Aluminium Corporation of China Ltd (Chalco) achieved an attributable profit of RMB531 million (US$78 million) in the six months to end-June as revenue increased by 114% to nearly RMB60 billion.	Magazine Article	27 Aug 2010	0 Stars
Hyundai, Samsung buy into Ambatovy nickel mine State-owned Korea Resources Corp has sold a 5% stake in the Ambatovy nickel project to three Korean companies for US$140 million. The buyers are Samsung C&T, Hyundai Heavy Industries and Hyundai Corp.	Magazine Article	27 Aug 2010	0 Stars
Agrium bid recommended Australia’s AWB Ltd has recommended a A$1.2 billion (US$1.1 billion) cash offer from Agrium Inc, North America’s third-largest fertiliser producer.	Magazine Article	27 Aug 2010	0 Stars
Wesizwe gets Bank of China support Wesizwe Platinum Ltd has received an interim funding facility of R91 million (US$12 million) from the Bank of China ahead of more comprehensive funding from recently announced Chinese partners.	Magazine Article	27 Aug 2010	0 Stars
Mineral Deposits changes mind on asset unbundle Mineral Deposits Ltd (MDL) said a “number of factors” have influenced the decision to spin-off the Sabodala gold mine rather than its Grande Côte mineral sands project.	Magazine Article	27 Aug 2010	0 Stars
Austrian project acquired Gold Mining Company Ltd has signed an agreement to acquire the entire share capital of Kibe Investments No2 Ltd, which holds exploration licenses covering “potentially high-grade gold projects” in Austria.	Magazine Article	27 Aug 2010	0 Stars
Xstrata buys more iron ore exposure Xstrata plc has made a A$428 million (US$383 million) cash offer for all the shares in Sphere Minerals Ltd, owner of the Askaf iron-ore project in Mauritania.	Magazine Article	27 Aug 2010	0 Stars
Kloppers embarks on international road show Marius Kloppers, chief executive of BHP Billiton, and fellow executives are set to meet shareholders of both BHPB and acquisition target Potash Corporation of Saskatchewan Inc over the next few weeks. In North America, as many as half of BHPB’s shareholders are believed also to own equity in PotashCorp.	Headline Article	27 Aug 2010	0 Stars
Australia’s mining tax hangs in the balance The fate of Australia’s proposed mining tax on the producers of iron ore and coal remains unknown as the country awaits an outcome from last weekend’s federal election.	Headline Article	27 Aug 2010	0 Stars
HudBay invests further in Augusta Canadian miner HudBay Minerals Inc will increase its stake in Augusta Resource Corp to 11% after agreeing to invest C$30 million (US$28.2 million) in the company.	Magazine Article	27 Aug 2010	0 Stars
Macarthur to expand in Queensland’s Bowen Basin ASX-listed miner Macarthur Coal Ltd has proposed an institutional placement to raise funds for an acquisition in Queensland.	Magazine Article	27 Aug 2010	0 Stars
Rio asserting control Rio Tinto is to deploy internet-based software to manage the expenses of 20,000 employees. The Global Expense Management Solution is provided by UK-based Spendvision Group, and will be rolled out to ten business units over the next 12 months.	Magazine Article	27 Aug 2010	0 Stars
New World reinstates dividend New World Resources NV (NWR), the Czech coal and coke producer, has reinstated its dividend. Despite a '50% of earnings' dividend policy, the company paid out less than half in 2008 and nothing last year, blaming "market conditions".	Magazine Article	27 Aug 2010	0 Stars
Labour union against wholesale nationalisation of South African mines The National Union of Mineworkers (NUM), South Africa’s largest labour union, says it does not support the “wholesale” nationalisation concept proposed by the youth league of South Africa’s ruling African National Congress (ANC) party.	Headline Article	27 Aug 2010	0 Stars
Orosur considering funding options as it goes underground Orosur Mining Inc, the Uruguayan gold miner, is investigating its funding options ahead of development of an underground project at the San Gregorio gold mine in Uruguay	Magazine Article	20 Aug 2010	0 Stars
Harmony cash flow Harmony Gold Mining Company Ltd generated nearly three times more cash flow from its operations in the June quarter compared with the previous period	Magazine Article	20 Aug 2010	0 Stars