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Anglo American Will Sell Mining Assets And Cut Management Layers After Xstrata Down Bid $ 48.2 Billion
Anglo American has started reorganizing since taken over in 2007. Anglo will reset the company management and will sell a number of mining assets owned by Anglo. Assets to be sold mines zinc mining, steel production assets Scaw Metals.
Western Standard Acquires Freegold’s Almaden Gold Project
Western Standard Metals Ltd. and Freegold Ventures Limited are pleased to announce that further to the news release dated September 8, 2009, Western Standard has completed the acquisition of a 100% interest in Freegold’s Almaden gold project located in Idaho. In consideration, Western Standard has issued:
Anglo’s Brazilian Iron-Ore Unit Plans Production Ramp-Ups To Feed Chinese Market
Global mining major Anglo American’s Brazilian iron-ore subsidiary, Anglo Ferrous Brazil, expects world demand for iron-ore to return to normal within two years, and is planning to dramatically increase its production over the next six years, markets permitting.
China Overseas Iron May Meet 20% of Needs by 2015
China may double the proportion of domestic iron-ore demand supplied by Chinese-owned mining assets abroad to about 20 percent in five years as the country’s steelmakers step up acquisitions, Goldman Sachs JBWere Pty’s Paul Gray said.
China Became the World’s Largest Supplier of Gold, Surpassing South Africa
The China Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on China’s mining industry
Exploration Gold Mining Company, Eldorado Now Has 100 percent Vila Nova Iron Ore Project, in Brazil
Eldorado has finalized and executed an agreement with Amapari, which results in the acquisition by Unamgen Mineracao – a wholly owned subsidiary of Eldorado in Brazil – of Amapari’s 25% remaining interest in the project in exchange for a Net Profits Interest royalty of 10% plus a sliding scale royalty based on the operating margin [...]
Rio Tinto Consider Offering U.S Coal-Mine Unit
Rio Tinto Group, the world’s third- largest mining company, is considering an initial public offering for its U.S. coal unit after failing to find a buyer for the business, said a person familiar with the situation.
Rio was close to a deal with Alpha Natural Resources Inc., said two people who declined to be identified because [...]
India Iron Ore Miner Acquire Iron Ore Mining Asset of Dempo Group
India-based iron ore miner Sesa Goa has acquired the mining assets of Dempo Group in the western state of Goa for 17.5 billion rupees ($368 million) to boost its output of iron ore.
Cape Lambert Iron Ore Sign Agreement To Bid CopperCoje
Cape Lambert Iron Ore Limited has signed binding formal agreements to acquire the assets of listed resources company CopperCo Limited.
The CopperCo assets include the Lady Annie copper project in northern Queensland.
