Search Results
Gold Fields Terminates Royalty Over St Ives
Gold Fields Limited is pleased to announce that an Agreement has been executed in terms of which the royalty payable by Gold Fields’ wholly owned Australian subsidiary, St Ives Gold Mining Company Pty Ltd (St Ives) to Morgan Stanley Bank’s subsidiaries, (Royalty) has been terminated for a consideration of A$308 million.
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
Global Mining Companies Plans Expansions Iron Ore Mine Output
Global iron ore prices are set to decline sharply in 2009 as demand for the steelmaking ingredient shrinks dramatically as a result of deepening world economic recession.
Rio Tinto Ltd. extend coal mining exploration in Australia
Rio Tinto Ltd/Plc said it would spend US$793 million as its share of the cost to extend the Kestrel coal mine in Australia, as it looks to internal growth to fight off an unwanted approach from rival BHP Billiton.
The total cost of the work at the Kestrel mine in the coal-rich Bowen Basin region of [...]
BHP seeks to build £170bn mining superpower
Rio Tinto confirms biggest takeover move since dotcom boom.
The world’s largest mining group, BHP Billiton, is seeking to take over its rival Rio Tinto in a deal that would catapult it to a market valuation of about $360bn (£170bn), bigger than Microsoft and equivalent to the gross domestic product of Ukraine.
After weeks of market rumours, [...]
Albidon hedges Zambia nickel output
Australia’s Albidon Ltd has locked in high nickel prices for the first years of its flagship Munali project in Zambia, its managing director said.
Albidon is seeking to expand regional exploration, with exploration projects in four other African countries.
Construction is underway on the company’s Munali underground nickel mine, which is due to produce its first concentrate [...]
Xstrata Extends Offer for LionOre
Xstrata plc announces the extension of the expiry time of its all-cash offer to acquire all of the LionOre Mining International Ltd. (”LionOre”) shares to midnight (Vancouver time) on 28 June 2007. Following Xstrata’s decision not to match the offer made by OJSC MMC Norilsk Nickel (”Norilsk”) to acquire all of the LionOre shares, LionOre [...]
Coal profits washed away
DISRUPTIONS to coal exports are expected to cost more than $100 million in lost earnings following the savage storms that lashed the Newcastle/Hunter Valley region last Friday and Saturday.
Coal shipments from Newcastle are not expected to recover until early next week, according to the Hunter Valley Coal Chain Logistics Team (HVCCLT).
But the major problem facing [...]
SXR Uranium to Buy Energy Metals for C$1.59 Billion (Update4)
SXR Uranium One Inc., the second largest producer of the radioactive metal, agreed to buy Energy Metals Corp. for C$1.59 billion ($1.5 billion) to meet growing demand from nuclear plants in the U.S.
SXR will offer 1.15 of its shares for every one of Vancouver-based Energy Metals, the two companies said today in a statement. SXR, [...]
