Guinea will work with foreign investors in the mineral-rich West African country as long as they comply with its mining code, its new mines minister said late on Friday.
Guinea is the world’s biggest exporter of aluminium ore bauxite, and has the resources to be a major supplier of steelmaking raw material iron ore, but questions […]
Guinea and China are discussing a deal which could see billions of dollars of Chinese investment in return for mining rights in the West African country, which has a third of the world’s bauxite, a Guinean minister said.
A delegation including officials from the Chinese Development Bank recently spent a week in Guinea and is due […]
Rio Tinto says its expansion program has paid off with quarterly production records set in iron ore and alumina in the three months to June.
The mining giant said production of iron ore, which is the largest contributor to Rio’s earnings, increased 13 per cent to 41.9 million tonnes from a year earlier as the company […]
Sierra Leone’s government will review all mining contracts in the West African state to try to clean up corruption and cheating and maximise benefits for the nation, Minister of Mines Alhaji Abubakarr Jalloh said.
“We’re not going to allow our minerals to be a curse to us,” Jalloh told Reuters in an interview this week.
“We are […]
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 […]
Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months […]
Central African Mining & Exploration Company Plc (”CAMEC” or the “Company”), the AIM listed fully integrated exploration, mining, trading and investment company, is pleased to announce that it has entered into private agreements with select shareholders of Katanga Mining Limited (”Katanga”), pursuant to which CAMEC has agreed to acquire an additional 8,298,300 common shares of […]
Camec, the African-mining group run by the former England spin bowler Phil Edmonds, has targeted expansion in the booming market for uranium after launching an offer for OmegaCorp that values the Australian miner at nearly £100m.
Uranium prices have surged 20 per cent to $113 a pound over the past week, the highest level since the […]
Camec, the African-mining group run by the former England spin bowler Phil Edmonds, has targeted expansion in the booming market for uranium after launching an offer for OmegaCorp that values the Australian miner at nearly £100m.
Uranium prices have surged 20 per cent to $113 a pound over the past week, the highest level since the […]
Copper prices were buoyed on Friday by the prospect of a strike at a Peruvian mine, while Bolivia’s leftist president Evo Morales has put a shudder through the mining industry by nationalising Glencore’s tin, zinc and lead operations there.
The trend for governments to take advantage of the windfall profits being generated by miners is continuing, […]