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Chinese Expand Mining Investment in Zimbawe
Chinese investors who were part of a recent visiting delegation are eyeing significant investments within Zimbabwe’s gold and platinum sectors, the Herald Business has gathered.
While no figures could be obtained, this paper understands that the Chinese are admirers of Zimbabwe’s mining industry, and were keen to pour in money.
The 22-member delegation, which consisted of mining, [...]
Reached Record Levels Mining Industry Company Merger & Acquisition
Merger and acquisition (M&A) activity in the mining industry reached record levels last year and 2008 is set to be the year of super consolidation, with the global credit crunch having little effect, a new report says.
In 2007 the number of mergers and acquisitions soared by 69 per cent, from 1,732 deals in 2006, PriceWaterhouseCoopers [...]
Steel maker shortage stalls energy project completions
Stalled Louisiana energy projects, including refinery and petrochemical expansions, are rebounding after a 2003 oil price crash. But the lack of qualified steel manufacturers has slowed project completions, according to analysts and energy managers.
“More Louisiana energy products are being green-lighted than ever before,” said John Anton, director of steel services at Watham, Mass.-based investment firm [...]
Gold Price Outlook a key topic of Wall Street Transcript Gold Issue
The Wall Street Transcript has just published its Gold issue, a report offering a timely review of the sector to serious investors and industry executives. This 88-page feature contains a roundtable panel and industry commentary through in-depth interviews with top management from 22 firms. This issue also contains an “Off the Record” Review of Management [...]
Corus: The Buyout Battle Heats Up
The $9.8 billion offered for the steelmaker by Brazil’s CSN has topped Tata’s proposed price, though the Indian outfit may make a counterbid.
Shares of Anglo-Dutch steel company Corus Group (CGA) rose more than 5% on Dec. 11 on news that Brazil’s Companhia Siderurgica Nacional (SID), or CSN, topped a previous takeover offer for the company [...]
