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ENRC To Bid $ 950 For The Purchase Of Junior Mining CAMEC
Kazakh mining group company, ENRC plans expansion in the mining sector, African countries that have potential for mineral resources in exploration. CAMEC is a junior mining attention from ENRC to buy. To purchase the junior mining CAMEC provide funds $ 950. But the desire to buy the mine ENRC junior CAMEC will get resistance from [...]
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 [...]
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 [...]
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 [...]
South Africa: Mining Sector Profits Up 64 Percent
A report by PricewaterhouseCoopers, ‘Mine – Riding the wave’, shows that 2006 was another spectacular year for the global mining industry with net profits rising by 64 percent. They are now 15 times higher than their 2002 level while return on equity reached 33 percent compared to 26 percent in 2005. It also finds that [...]
