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Mining Companies Can’t Stop Mine Production as Demand Global Industy Growth
The world’s biggest mining companies are cutting expansion plans by about $200 billion as prices of metals, demand from factories and funding for projects collapse.
Rusian Mining Exploration Company, Russia’s Norilsk Nickel Stretches From Arctic to SA, US to Australia
In July 2007, a Canada-domiciled mining company was acquired by a Russian group for $5,2-billion. That company was LionOre, and it had assets in Southern Africa – an 85% share in Tati Nickel, in Botswana, and a 50% stake in Nkomati Nickel, in South Africa.
LionOre’s buyer was the giant Russian mining and metallurgical group, OJSC [...]
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, [...]
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 [...]
International Royalty Corporation: Capitalize on the Commodities Boom
International Royalty Corporation is in the business of acquiring and creating natural resource royalties with a specific emphasis on mineral royalties. A royalty is the contractual right to a share of revenues or operating profits generated by commercialization of an owner’s rights or property. Royalties are beneficial because they provide all the upside attached [...]
Scandinavian Minerals commences Bankable Feasibility Study for Kevitsa nickel-copper-PGE property
Scandinavian Minerals commences Bankable Feasibility Study for Kevitsa nickel-copper-PGE property Toronto, Ontario Canada – Scandinavian Minerals Limited (TSX: SGL) today
announced that it has commenced the Bankable Feasibility Study for its 100%-owned Kevitsa nickel-copper-PGE property, located in Finland. This follows the positive Pre-Feasibility Study released last July (see Press Release dated July 18, 2006) and the [...]
Scandinavian Minerals commences Bankable Feasibility Study for Kevitsa nickel-copper-PGE property
Scandinavian Minerals commences Bankable Feasibility Study for Kevitsa nickel-copper-PGE property Toronto, Ontario Canada – Scandinavian Minerals Limited (TSX: SGL) today
announced that it has commenced the Bankable Feasibility Study for its 100%-owned Kevitsa nickel-copper-PGE property, located in Finland. This follows the positive Pre-Feasibility Study released last July (see Press Release dated July 18, 2006) and the [...]
Nuinsco Reports 2006 Financial Results, Provides Summary of Activities
Nuinsco Resources Limited (TSX:NWI – News; www.nuinsco.ca) today announced the filing of its financial statements and MD&A for the fiscal year ended December 31, 2006. Significant accomplishments during the year included:
Uranium
- Increased the size of the Diabase Peninsula uranium property in Saskatchewan’s Athabasca Basin to approximately 21,900 hectares and completed two drill programs that returned [...]
Golden Valley Mines Ltd./Uranium Project Update: Beartooth Island, Athabasaca Basin, Saskatchewan
Golden Valley Mines Ltd. reports that board approval has been received from option/joint venture partner Ditem Explorations Inc. in respect of a two-phase program consisting of follow-up ground geophysical surveying and diamond drilling. The estimated value of the work is budgeted at $1,000,000 and is expected to commence in approximately two weeks, once permits have [...]
