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China Mining Investment and Development in Australia May Hold
Australia’s Senate may hold an inquiry as early as next week to scrutinize investments by Chinese state-owned companies after Aluminum Corp. of China’s bid for a stake in Rio Tinto Group.
Philipines Mining Exploration : Firm Apply Permit Mine Exploration for Copper, Gold and Silver Mine Deposits
A Filipino company has sought an exploration permit for copper, gold and silver deposits in three provinces, the first to file an application this year with the Mines and Geosciences Bureau (MGB) in Central Mindanao.
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?
Buffalo Gold and Sargold propose merger
Buffalo Gold Ltd. and Sargold Resource Corporation (”Sargold”) are pleased to announce they have signed a letter of intent (”LOI”) to enter into a friendly merger (”the Transaction”). Under the LOI, all outstanding securities of Sargold will be exchanged for common shares and common share purchase warrants and options of Buffalo.
Highlights of the [...]
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 [...]
RP on cusp of mining boom amid buoyant metals prices
Boosted by soaring ore prices, cheap capital and a more investor-friendly regime, mining companies are rushing in and snapping up tenements in the Philippines seeking to profit from the developing world’s industrial boom, experts say.
From majors like BHP Billiton, Anglo-American and Xstrata to bare-bones exploration outfits, they are betting hundreds of millions of dollars that [...]
Rio soars to record high as BHP bid talk swirls
Shares in Rio Tinto Ltd./Plc., the world’s second largest mining house, jumped as much as 11 percent to a record high on Wednesday on speculation of a pending $100 billion bid by larger rival BHP Billiton Ltd./Plc.
A rumour swept the Australian market in early afternoon that BHP was readying a hostile bid for Rio Tinto [...]
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 [...]
