Search Results
UK-Based Copper Mining Group, Antofagasta Acquires Remaining 49 percent Stake In Antomin
Antofagasta PLC has acquired the remaining 49% stake in Antomin Limited, a Chile-based mineral exploration company, from Mineralinvest Establishment for a consideration of $243 million.
World Mining Companies Worries Development Of Global Recession
Investors hammered mining and energy stocks on renewed fears a global recession would further slash demand for commodities and after BHP warned Chinese demand was set to weaken.
Slumping metals and oil prices dragged resource shares lower on Wednesday, while miner Rio Tinto Plc dismissed talk it planned to launch talks with suitor BHP Billiton Plc [...]
Mining suppliers on a mission
Organized by the Chilean government economic development agency a group of Chilean mining suppliers will come to Canada looking for business partners.
About 60 per cent of Chile’s copper production comes from the provinces surrounding Antofagasta and Iquique . Some of the large mines with internationally recoginized names in the region around Iquique are: Minera [...]
Mining Stock in European Tradding Market
European mining stocks rallied for a fifth day, paced by BHP Billiton Ltd. and Rio Tinto Group after metal prices rose.
Bayerische Motoren Werke AG led automakers higher after Barron’s said the stock may surge 20 percent. Deutsche Bank AG fell for a third day after Reuters reported Germany’s biggest bank may have to write down [...]
Goldeye and Polar Announce Drill Programme on Todd Creek Project, BC., Canada, and Report on Sonia Project, Chile
Goldeye Explorations Limited and Polar Mining Corporation are pleased to announce the commencement of a 3600 metre drill programme on the Todd Creek Project, located 35 kilometres northeast of Stewart, B.C. The first two holes will be drilled on the South Zone Deposit and MEXT Zones. The drill hole on the South Zone Deposit will [...]
Teck to increase copper output 72 percent by 2010 if Aur Resources take-over goes ahead
Toronto-based copper mine Aur Resources (TSX: AUR) had not even contemplated putting the company up for sale when Vancouver-based Teck Cominco (TSX, NYSE: TCK) made a cash-and-share offer of Cdn$41/sh (US$38.69/sh).
In fact, Aur’s shareholders didn’t even want an all-cash bid although Teck has plenty of money in the till. They preferred a tax-free rollover.
The chance [...]
European Stocks Drop, Led by Rio, Miners on China Rate Concern
European stocks headed for the biggest drop in three weeks after China’s economy grew faster than economists expected, fueling concern the country is preparing to raise interest rates.
Rio Tinto Group and Antofagasta Plc paced a decline by companies most affected by slowing demand from the world’s fastest growing major economy. BP Plc slipped as Merrill [...]
Ascendant Copper Corporation Announces That It Has Hired Mining Veteran John R. Haigh as Its Investor Relations Professional
Ascendant Copper Corporation (”Ascendant” or the “Company”) announced today that John R. Haigh has been hired as the Company’s Manager of Investor Relations effective February 12, 2007.
Mr. Haigh, B.A., B.Sc., is a geologist with many years of experience in the mining industry, the last 20 years of which have been spent as an investor relations [...]
FTSE opens higher, helped by oil, mining stocks
Britain’s FTSE 100 index of leading shares ticked higher on Thursday as oil and mining stocks rose on recovering prices of their commodities.
Miners led the positive start to the session after gold and copper prices regained lustre, with Xstrata , Vedanta and Chilean miner Antofagasta and all rising between 1 and 2 percent.
“The copper price, [...]
