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Felix Shareholders Approve $3.2 Billion Yanzhou Coal Mining Takeover
Felix Resources Ltd. said its shareholders approved Yanzhou Coal Mining Co.’s A$3.5 billion ($3.2 billion) takeover of the Australian producer, with final consent from the Chinese authorities expected within days.
About 99.8 percent of votes were cast in favor of the deal, Felix said in a statement today. Approval will be sought from the Federal Court [...]
Reports Growth Mining Industry Sector In Philippines
Mining industry sector is a sector that can help a country to increase state revenues and overcome the global economic crisis today. Setkor mining industry that can improve the current state of opinion adala mining gold and silver. Philippines have certain expectations on the two gold mines to be operated this year. Two gold mines [...]
India Mining Industry Will Reach a Total Value of US$45.40Bn
India is home to a myriad of metals and minerals. Globally, the country is the largest producer of sheet mica, the third largest producer of coal, the fourth largest producer of iron ore and the fifth largest producer of bauxite. Besides these natural resources, India also hosts significant reserves of copper, zinc,
gold and about 26 [...]
Hunan Valin Iron & Steel Group To Invest in Fortescue Metals Group
Hunan Valin Iron & Steel Group executives said China’s sovereign-wealth fund may help finance expansion at Fortescue Metals Group Ltd. through debt rather than stock purchases, as the Chinese steel group became the Australian iron-ore miner’s second-biggest shareholder.
China National Coal Mining Company, Shenhua Enery Co. Plans Purchase Coal Mine From Mongolian
China Shenhua Energy Co Ltd, the nation’s top coal producer, yesterday said it was negotiating with the Mongolian government to purchase a coal mine in the country.
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
China Plans To Develop Mining Sector and Increase Mine Production To Buy More Mining Companies
THE president of China Minmetals, Zhou Zhongshu, says he is encouraging the establishment of a Chinese metals and mining development fund to be used to invest in international mining companies.
Australian Mining Sector Forecast Iron Ore and Copper Mine Production Increase To June 2010
Australia forecast a strong rise in iron ore production and a 10 percent jump in copper mine output in the year to June 2010, even after factoring in a more prolonged economic slump that has already triggered supply curbs.
Australian Mining Companies Forecast Strong Increase Iron Ore-Copper Mine Production
Australia forecast a strong rise in iron ore production and a 10 percent jump in copper mine output in the year to June 2010, even after factoring in a more prolonged economic slump that has already triggered supply curbs.
