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Vedanta Group, Mining Companies Golden Steps in Mining and Metal Industry
India’s Vedanta group is scripting a success story in mining sector with its brave decisions to acquire new companies even though the global meltdown has wreaked havoc in metal sector.
Price Expectations CSN’s Namisa Iron Ore Unit
The shake-out of bidders for Brazilian iron ore miner Namisa has left a number of contenders with deep pockets and big appetites, sources familiar with the bidding said, signalling that owner CSN may sell a majority stake.
Some analysts estimate the sale could value Namisa, the smaller of CSN’s iron ore units as high as $10 [...]
Request Of Mining Exploration Products In The Future
Coal Attracting Overseas Buzz
Overseas metal and mining companies are eyeing a number of US coal companies as strong demand for steel around the world has resulted in higher prices and short supply for the coal used in steelmaking.
Indian and Russian firms in particular are looking to snap up assets in order to gain a foothold [...]
First Private Sector Gold Exploration Company In India
Deccan Gold Mines Ltd., the first private sector gold exploration company in India, announced that the company has signed a memorandum of understanding or MoU with JB Mining Holdings Ltd.Hong Kong, for mining exploration in North East Africa.
As per MoU, Deccan Gold Mines Ltd. scope of work includes carrying out the entire gold exploration, resource [...]
Toronto down, New York flat after U.S. Federal Reserve maintains key rate
A decision from the U.S. Federal Reserve to keep its key interest rate unchanged left New York markets relatively flat while the Toronto market slipped as oil prices receded from an nine-month intraday high.
Federal Reserve chairman Ben Bernanke and his colleagues voted unanimously to keep the benchmark rate steady at 5.25 per cent – a [...]
Indonesia’s Riches Draw China, India
When it comes to energy and industrial commodities, China and India are Asia’s fiercest competitors. For the last couple of years, both Chinese and Indian companies have done deals across the globe — from Latin America to Africa — to win oil exploration rights or secure long-term raw material contracts.
Now they have set their sights [...]
Golden Patriot Mining Announces Retirement of its President and Chief Financial Officer
Golden Patriot Mining Inc. (TSX VENTURE:GPM – News) announces the retirement of its President, Kabir Ahmed, and Chief Financial Officer, J. Errol Farr, effective January 12, 2007. Mr. Ahmed will also be stepping down as a director of Golden Patriot, effective January 12, 2007.
Both Messrs. Ahmed and Farr are leaving Golden Patriot to pursue other [...]
