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ENRC To Bid $ 950 For The Purchase Of Junior Mining CAMEC
Kazakh mining group company, ENRC plans expansion in the mining sector, African countries that have potential for mineral resources in exploration. CAMEC is a junior mining attention from ENRC to buy. To purchase the junior mining CAMEC provide funds $ 950. But the desire to buy the mine ENRC junior CAMEC will get resistance from [...]
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.
Central African Mining Reported Result of Mine Exploration Project
Strong revenues from cobalt and copper production helped diversified mining company Central African Mining and Exploration Company (CAMEC) more than double profits.
The company posted pre-tax profits of £54.2m in the year to March 31, compared with £22.4m on revenue that jumped to £96.6m from £69.3m.
Between February and April 2008, revenues generated by the copper and [...]
Central African Mining & Exploration Company Plc, agreement to acquire the additional shares of extracting Katanga limited
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 [...]
Record earnings for Metorex as copper and cobalt production accelerate
Diversified mid-tier miner Metorex (LSE and JSE: MTX; Bank of New York ADR: MRXLY), one of last year’s best performing stocks on the Johannesburg Stock Exchange, could see its market capital increase by another 50% over the next 12 months on the back of higher copper production and development at Ruashi copper mine in the [...]
Shanduka buys Metorex’s coal assets for R425m
Local diversified midtier miner Metorex has sold its Wakefield coal operation to black economic-empowered (BEE) miner Shanduka Coal for R425-million, Metorex announced on Friday.
Shanduka Coal is part of the bigger Shanduka group led by politician-turned-businessperson Cyril Ramaphosa.
The transaction was effective from July 1, conditional on governmental and regulatory approvals, including Competition Commission approval and the [...]
