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Result Of Exploration Of Coal-Mine UK Under Forecast
It is reported that UK Coal Plc issued interim management statement for the third quarter.
The company reported that third quarter production from all mining operations was 1.8 million tonnes, down from 2.3 million tonnes in the prior year quarter. Output in the third quarter, and in particular in September, was behind original expectations for all [...]
Australia Set To Boost Scrutiny Of Mining Deals
Australia said it will increase scrutiny of investment from China and other foreign countries in mining companies, particularly when the investor is also a major customer or government entity seeking a majority stake.
Treasurer Wayne Swan, who must approve major foreign investments, said yesterday Australia needed to make sure that Australian companies remained reliable suppliers to [...]
Chinese Expand Mining Investment in Zimbawe
Chinese investors who were part of a recent visiting delegation are eyeing significant investments within Zimbabwe’s gold and platinum sectors, the Herald Business has gathered.
While no figures could be obtained, this paper understands that the Chinese are admirers of Zimbabwe’s mining industry, and were keen to pour in money.
The 22-member delegation, which consisted of mining, [...]
Beta Executes Securities Exchange Agreement to Acquire Namibian Westport Ltd.
Beta Minerals Inc. (”Beta”) is pleased to announce that it has entered into a securities exchange agreement dated July 9th, 2007 (”Securities Exchange Agreement”) with Forsys Metals Corp. (”Forsys”), a public Ontario company and Namibian Westport Ltd. (”Namibian”) (formerly Namibian Minerals Ltd.), the wholly-owned subsidiary of Forsys, pursuant to which Beta will acquire all [...]
Tata Steel Inks MoU With Vietnam Steel To Set Up Steel Complex In Vietnam
Tata Steel Ltd announced that it has signed a memorandum of understanding on Tuesday with Vietnam Steel Corporation, Vietnam’s largest steel company, for setting up a steel complex in Ha Tinh province in Vietnam. The plant is proposed to have an estimated capacity of 4.5 million tonnes per annum, which will be phased over ten [...]
Armtec Infrastructure Income Fund delivers revenue and cash flow growth for 2006
Armtec Infrastructure Income Fund today reported financial results for the year and fourth quarter ended December 31, 2006 and finishes the year on a positive note.
“2006 was a very important year with several key accomplishments as we continued to execute on our growth strategy. Operating results improved in every measure of performance as we benefited [...]
Under bank sanctions, North Korea looks to gold exports
More than a century after American mining engineers first opened up North Korea’s gold mines, a fortune in gold and other metals and minerals offers the prospect for North Korea to ease the pressures of financial sanctions.
The question, however, is whether North Korea can navigate around a US Treasury order that forbids institutions doing business [...]
Kinder Morgan, Inc. Shareholders Approve Merger Agreement to Sell Company to Investor Group
Kinder Morgan, Inc. (NYSE: KMI – News) today announced that stockholders have voted to approve the proposed merger agreement providing for the acquisition of KMI by investors including Chairman and CEO Richard D. Kinder, other senior members of KMI management, co-founder Bill Morgan, current board members Fayez Sarofim and Mike Morgan, and affiliates of Goldman [...]
Bucyrus to acquire DBT in big mining equipment M&A
To demonstrate that its not just operating mining companies which are snapping up complementary companies, Bucyrus International, Inc. (NASDAQ: BUCY) has announced that it has signed a definitive agreement to acquire DBT GmbH, a subsidiary of RAG Coal International. DBT is headquartered in Lunen in Germany. Bucyrus will pay $710 million in cash and issue [...]
