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Glencore Will Buy Back Prodeco Coal Mines Assets From Xstrata Mining Company
Glencore is a mining company that operated the mine Prodeco. Prodeco coal mines located in the region of Colombia. Prodeco mining assets sold to Xstrata in January, when the company’s financial weakening.
Prodeco sales of $ 2 billion allowed Glencore to subscribe to rights issues Xstrata, the London listed global miner where Glencore has a 34 [...]
Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
Brazilian Mining Company, Vale Begins To Develop Coal Mine Project in Tete, Mozambique
Brazilian major diversified miner Companhia Vale do Rio Doce (Vale) has started development of its $1,3-billion Moatize coal project in Tete province, Mozambique. Production is scheduled to start in December 2010.
British Mining Companies Face Challenge On Unjust Practices
Representatives of communities in Colombia, West Papua and the USA are in London to challenge the claims of two of Britain’s biggest mining companies that their operations are sustainable and fair. Critics say that in reality they are violating human rights and causing irreversible environmental damage.
Xstrata Will Identify and Execute Potential Purchase Mining Companies and Mine Exploration
Xstrata Plc’s Chief Executive Officer Mick Davis said takeover opportunities are starting to appear after a rout in commodity prices sent shares of mining companies plunging. bloomberg.com is reporting.
Mining Companies Plans Next Year : Petrominerales Ltd. Exploring in Colombia
Petrominerales Ltd. (”Petrominerales” or the “Company”) (TSX:PMG), a 76.5% owned subsidiary of Petrobank Energy and Resources Ltd. (”Petrobank”) (TSX:PBG)(OSLO:PBG), is pleased to announce that we are planning the Company’s largest annual capital program in 2008. We expect to be one of the most active explorers in Colombia in 2008 and are also planning an extensive [...]
Xstrata in $391m bid for Gloucester Coal
Xstrata Coal, the world’s largest producer of export thermal coal, has launched a $391 million takeover for Gloucester Coal to extend the life of the predator’s New South Wales operations.
The cash offer of $4.75 per share has been unanimously recommended by Gloucester Coal directors.
Xstrata Coal chief executive Peter Coates said there were unique synergies associated [...]
Xstrata in $391m bid for Gloucester Coal
Xstrata Coal, the world’s largest producer of export thermal coal, has launched a $391 million takeover for Gloucester Coal to extend the life of the predator’s New South Wales operations.
The cash offer of $4.75 per share has been unanimously recommended by Gloucester Coal directors.
Xstrata Coal chief executive Peter Coates said there were unique synergies associated [...]
Greystar Granted Integrated Mining Concession at Angostura
Greystar Resources Ltd. is pleased to report that key property claims over its wholly-owned multi-million ounce Angostura gold-silver resource in northeastern Colombia have been consolidated into a mining concession.
“This is an important milestone for Greystar,” said President David Rovig. “After years of diligent work, the official granting of the current integrated claim 3452 resolves the [...]
