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Australian Mining Sector Forecast Iron Ore and Copper Mine Production Increase To June 2010
Australia forecast a strong rise in iron ore production and a 10 percent jump in copper mine output in the year to June 2010, even after factoring in a more prolonged economic slump that has already triggered supply curbs.
Australian Mining Companies Forecast Strong Increase Iron Ore-Copper Mine Production
Australia forecast a strong rise in iron ore production and a 10 percent jump in copper mine output in the year to June 2010, even after factoring in a more prolonged economic slump that has already triggered supply curbs.
Analysist Mining and Industry Sector : China’s Industry Sector Reopen Coal Mine Import After Deal Coal Prices Contract
A months-long dispute between Chinese coal miners and power generators over annual prices has unexpectedly opened the door to rising imports, despite lacklustre demand and a supply glut.
Two Biggest Mining Companies After Merge, An Ambition Becomes The Biggest Mine Company In World
Marius Kloppers is determined to win his $127bn battle to merge BHP Billiton and Rio Tinto, but must beat regulatory hurdles – and Rio’s opposition. Ruth Sunderland met a late starter who could become one of the globe’s most powerful men.
Marius Kloppers, chief executive of mining giant BHP Billiton, could be the patron saint of [...]
Severstal Resources, Rusian Steelmaker Mining Division Buys American Coal Miner for $1.3 Billion
Following in the footsteps of its bigger rival ArcelorMittal’s Brazilian acquisition earlier this week. Russian steelmaker OAO Severstal, through its mining division Severstal Resources, has agreed to buy American coal miner PBS Coals for about $1.3 billion in cash and also signalled its intention to acquire other assets in the continent.
Severstal will buy a combination [...]
Reached Record Levels Mining Industry Company Merger & Acquisition
Merger and acquisition (M&A) activity in the mining industry reached record levels last year and 2008 is set to be the year of super consolidation, with the global credit crunch having little effect, a new report says.
In 2007 the number of mergers and acquisitions soared by 69 per cent, from 1,732 deals in 2006, PriceWaterhouseCoopers [...]
Mantle Resources Inc.: Diamond Drilling Commences on Akie Property
Mantle Resources Inc. is pleased to announce that the 2007 diamond drill program has commenced on the Akie zinc-lead property located in northeastern British Columbia, approximately 260 kilometers north-northwest of the town of Mackenzie.
The initial two holes of this program are designed to further test the zinc-lead bearing Cardiac Creek Zone (CCZ). The first hole [...]
The nickel of Norilsk offers C$4.73 billion for LionOre
OAO GMK Norilsk Nickel, the world’s largest nickel producer, offered C$4.73 billion ($4.28 billion) to buy Canada’s LionOre Mining International Ltd., seeking to break up Xstrata Plc’s agreement to buy the Canadian company.
Norilsk’s offer of C$21.50 in cash is 16 percent more than the C$18.50-per-share offer made on March 26 by Zug, Switzerland-based Xstrata. Norilsk’s [...]
RSX Provides U.S. Investors With Access to a Portfolio of 30 Russian Companies Traded on Global Exchanges
New York-based asset manager Van Eck Global today launched Market Vectors-Russia ETF, a new exchange-traded fund (ETF) that is listed on the New York Stock Exchange (NYSE). The fund is the first ETF listed in the U.S. that enables U.S. investors to gain exposure to a broad spectrum of Russian companies.
