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Glencore’s Zambia Unit To Keep Copper Mines Running
Zambia’s Mopani Copper Mines (MCM), a unit of Swiss firm Glencore International AG, said on Monday it had reversed a plan to suspend output at its copper mines due to an uptick in prices and falling production costs.
MCM, Zambia’s second largest mining company, said in March it planned to suspend operations at its Nkana underground [...]
Glencore’s Zambia Unit To Keep Copper Mines Running
Zambia’s Mopani Copper Mines, a unit of Swiss firm Glencore International AG, said on Monday it had reversed a plan to suspend output at its copper mines due to an uptick in prices and falling production costs.
Mining Companies Plan Merger, Xtrata Submit A Proposal To The Merger Bid Anglo American
Xtrata and Anglo American are the two largest mining company, has assets of exploration and mining large. The two companies compete to sell the production of mining exploration. However, the condition of the economic crisis affecting the global mining company Xtrata. Xtrata company reported decreased net profit 77 percent in the first six months of [...]
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.
Xstrata Will Identify and Execute Potential Purchase Mining Companies and Mine Exploration
Xstrata Plc’s Chief Executive Officer Mick Davis said takeover opportunities are starting to appear after a rout in commodity prices sent shares of mining companies plunging. bloomberg.com is reporting.
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.
Xstrata Purchase Prodeco Coal Approve, Investor Protest Sign Agreement Coal Mine Deal
Shareholders in Xstrata approved its £4.1bn ($5.9bn) rights issue on Monday, but there was a sizeable protest vote against its $2bn acquisition of Colombian coal assets from Glencore, its biggest shareholder.
Mining Companies To Acquire, Xstrata To Acquire Coal Mining Business From Glencore International
Shareholders in Xstrata PLC should abstain from voting on an upcoming resolution that would authorize the Anglo-Swiss miner to acquire a coal mining business from major shareholder Glencore International AG, Pensions Investment Research Consultants Ltd. said Tuesday.
OZ Minerals Scramble To Refinace, 1200 Mine Worker Job Losses
Melbourne-based OZ Minerals will today detail 1200 job losses for staff and contractors at its Australian, Indonesian and Laotian operations, while Swiss-based Xstrata has decided to bite the debt bullet and pull in $US5.9 billion ($A8.8 billion) from a heavily discounted 2-for-1 rights issue.
