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Mine Demand Analysis, Sales Results and The Future of The Mining Companies
Mining giant Rio Tinto is hiving off assets to pay down $US40 billion ($57 billion) in debt after BHP Billiton withdrew a $US66 billion bid, but in these turbulent times, who’s buying?
Alcoa Offers $27B For Canada’s Alcan
Alcoa Inc., seeking to keep pace with growing Russian rival Rusal, launched a hostile $27 billion bid for Canadian aluminum rival Alcan Inc. on Monday, after failing in almost two years of private talks to reach a negotiated deal.
Alcan’s U.S. shares rose 34.5 percent, well above the offered price, suggesting investors think the bidding could [...]
Erdene Announces Start of Resource Delineation Drilling on the Zuun Mod Molybdenum Project
Erdene Gold Inc. today announced that it is commencing its 2007 drilling program at its wholly owned Zuun Mod molybdenum project in Mongolia based on advice from Minarco Asia Pacific Pty Limited (“Minarco”), who have recommended a two-stage delineation drilling program. The company has signed contracts with drilling, surveying and logistical companies with two [...]
bcMetals’ chooses preferred bidder for development of Red Chris copper/gold deposit
bcMetals, a junior exploration company focused on the development of a copper-gold project in northwest British Columbia, is the focus of a bidding war by two would-be Canadian takeover candidates, and a fading potential joint venture with China’s biggest copper producer.
