Search Results
Consortium Sekunjalo Investmen Offerc To Acquire Gold Mining Company, Pamodzi Gold
A consortium including Sekunjalo Investments and high net-worth Middle Eastern families had offered to acquire Pamodzi Gold, the troubled gold mining firm, for $150 million (R1.27 billion), a source close to the bid said yesterday.
Consortium For Gold Field Mining Development in Azerbaijan Plans To Start Gold Mine Production in Half Year
The consortiums for gold field development in Azerbaijan are planning to launch gold production in half a year.
Renco Group Inject $165 million Into Mining Companies
Once the Renco Group injects $165 million into Doe Run Peru, El Brocal Mining Company, Buenaventura Mining Company, Glencore and, among others, Volcan are to supply Doe Run with copper, zinc and lead concentrates worth an estimated $100 million and $75 million in credit. This will allow Doe Run to quickly resume its operations.
Firm Based in Sydney Applies Gold Exploration License in Orara Gold Fields
A company based in Sydney has applied for an exploration licence to resume mining in the Orara gold fields of Australia.
Mining Companies, Vale – Xstrata – Rio Tinto Submitted Proposal To Develop Mongolia Coal Mine
Vale, Xstrata and Rio Tinto are among the companies that have submitted proposals to develop Mongolia’s prized $2 billion Tavan Tolgoi coal mine, according to two people with direct knowledge of the matter.
Hong Kong Firm Bid Philipines Gold Producer, Medusa Mining Ltd.
Hong Kong-based merchant banking and asset management group Crosby Capital Ltd has launched an off-market $182 million cash takeover bid for Philippines-focused gold producer Medusa Mining Ltd. At 1203 AEST, shares in Medusa had jumped 11 cents, or 11.58 per cent, to $1.06.
Crosby was part of a consortium that last week dropped its $540 million [...]
Price Expectations CSN’s Namisa Iron Ore Unit
The shake-out of bidders for Brazilian iron ore miner Namisa has left a number of contenders with deep pockets and big appetites, sources familiar with the bidding said, signalling that owner CSN may sell a majority stake.
Some analysts estimate the sale could value Namisa, the smaller of CSN’s iron ore units as high as $10 [...]
Australian Shares Advance Led By Mining Stocks, Jubilee Rises On Xstrata Acquisition Offer
Monday, Sydney stocks were advancing, lifted by acquisition and merger news in the mining industry in addition to higher oil and metal prices. The benchmark S&P/ASX 200 Index was adding 147.20 points or 2.22% to 6,771.50, while the All Ordinaries Index was gaining 141.70 points or 2.13% to 6,786.50.
In the mining space, Alumina advanced 1.20%, [...]
Mining Stock in U.K. Tradding Market
U.K. mining stocks rallied, led by BHP Billiton Ltd. after a newspaper reported the company has uncovered what may be the world’s largest gold resource.
Marks & Spencer Group Plc advanced as Deutsche Bank AG said the retailer’s earnings will prove a “positive surprise.” Wolseley Plc paced declining shares after earnings fell more than estimated. Homebuilders [...]
