Search Results
China to Invest Billions Dollars in Canadian Mining Company
One of the Asian economic superpower, China secretly increase investment in Canadian mining company. China investments through the purchase of Canadian mining company shares. China Investment Corp. already has a gold mining company shares Canadian Kinross Gold Corp. (K-T17.87-0 .68-3, 67%) and Potash Corp. of Saskatchewan, (POT T109.34-1-.71-1, 54%).
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.
Mozambique Reports Mining Exploration and Mining Industry Sector Q3 2008
The mining industry of Mozambique is forecast to log an average growth of 9.2% during 2008-2012 and be valued at US$0.38bn in 2012.
The outlook for Mozambique’s mining sector remains bright, with the national director of Mining Resources, Fatima Momade, stating that the mining and oil sectors should be the primary drivers behind GDP growth hitting [...]
S&P Upgrades U.S. Coal Mining Companies and Coal Prices
Primary Credit Analyst Marie Shmaruk and Secondary Credit Analyst Michael Scerbo upgraded five U.S. coal miners and revised one outlook among the 10 coal companies rated by the agency.
The analysts and research said, “The upgrades, in general, reflect improved coal pricing and the expectation that in the coming year the coal companies will benefit from [...]
Mining Exploration and Oil Sector Driver Behing GDP Growth in Momzambique
Mozambique government targets in the year 2010, 15% earnings of economics Mozambique stems from mining exploration and development sectorl. Therefore government mozambique gives full backing at activity of exploration and invesment at mine sector.
Following is growth report of exploration of mine in Mozambique during 2008,
The national director of Mining Resources, Fatima Momade, reported :
July [...]
Uranium Focused Energy Fund – Offering of units with warrants
Middlefield Group, on behalf of Uranium Focused Energy Fund (the “Fund”), is pleased to announce that the Fund has filed a preliminary prospectus with respect to an offering of Combined Units. Each Combined Unit consists of one Unit of the Fund and one transferable Unit purchase warrant exercisable at a price to be based on [...]
Atienza scored over mining in N. Vizcaya
A local environmental group has scored Environment and Natural Resources Secretary Lito Atienza for what they said was his “accommodation of mining firms by leaving open the door for plunderous foreign and large-scale mining activities” instead of working for the protection of Nueva Vizcaya province’s “more economically beneficial and booming agriculture sector and freshwater reserves.”
Clemente [...]
Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
U.S. Energy Corp. Announces a Stock Buy Back Program; Reviews Corporate Development Plans
U.S. Energy Corp. (Nachrichten), a diversified natural resource exploration company announced today that it will initiate a share buy back program. The Company is also pleased to provide its corporate development strategy along with several project updates as follows.
Share Buy Back Program
The Board of Directors of USEG has approved a share buy back program for [...]
