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South Korean Company, Freegood Inc. Take Over Copper Mines From Mining Company Ivanhoe Mines, Mongolia
Freegood Inc., a South Korean venture firm that focuses on the development of natural resources. Freegood has acquired a copper mining company Ivanhoe Mines Mongolia Inc. Copper mine site taken over by Freegood retreat located in truth, Mongolia. Copper mine has reserves estimated at 5 million tons of copper. Freegood funds disbursed about U.S. $ [...]
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.
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.
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.
Brazilian Iron Ore Producer, Vale Buy Export Thermal Coal Asset From Colombia Mining Company
The world’s biggest iron-ore producer, Companhia Vale do Rio Doce, has bought export thermal coal assets from Colombia’s Cementos Argos for $305,8-million, the Brazilian mining company announced on Wednesday.
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.
EBRD To Invest Coking Coal Mine in Private Mongolian Mining Sector
EBRD is taking an equity stake in a privately held Mongolian mining operation, in an investment that will strengthen the role of the private sector in this crucial industry, boost competition and set a new benchmark in environmental and health and safety standards.
Mongolia Receives Mining Companies To Bid Tavan Tolgoi Coal Mine
Mongolia has received nine bids for the mining rights to the Tavan Tolgoi coal mine. The site is estimated to hold 6 billion metric tons of coal.
Semirara Mining Corp. Plans To Export 2.5 mln Coal Mine This Year
Semirara Mining Corp., owned by the Consunji family, plans to export 2.5 million metric tons of coal this year, company officials said.
