Search Results
Gold Mining Exploration $1-billion mining investment target
This year’s $1-billion mining investment target will not likely be attained as potential investors grapple with a global credit crunch, the government yesterday said.
The Mines and Geosciences Bureau, which earlier said the lack of funding could delay achievement of a 2011 goal, admitted that the global economic slowdown’s impact would be felt as early as [...]
Iron Ore Price and Demand Future, Vale Beats BHP, Rio as Top Pick on China Ore Demand
Cia. Vale do Rio Doce fell 27 percent this year in Sao Paulo, heading for the first annual decline since 2000. Now analysts say the world’s largest iron-ore producer is poised for its best performance in a decade.
Vale may double in the next year, more than twice the expected gains for the world’s biggest mining [...]
FACTBOX-Recent metals mergers
Mining merger activity continues to hot up with Russia’s Norilsk Nickel upping its bid on Wednesday for Canadian miner LionOre International Ltd. and topping rival Xstrata’s latest offer.
Norilsk’s revised C$6.8 billion ($6.3 billion) bid for the world’s 10th largest miner was 10 percent higher than Xstrata’s.
Canada’s Alcan rejected Alcoa Inc.’s unsolicited $27 billion bid on [...]
