Konkola Copper Mines, Vedanta Resources Plc’s Zambian unit cleared that rumor that it’s going IPO. According to the report posted in steelguru.com, the company has not reached the decision of offering its stocks for public.
Previous reports stated that Vedanta, the metal producer that has assets in Australia and Africa, is planning to increase it shares [...]
Report from Reuters stated that the development and construction of Russia and China’s worth of USD 5 billion oil refinery that will be located at northern port city of Tianjin is confirmed to start in H2 of 2011, making way to its targeted operation in 2015.
According to Wang Junming, GM of Nangang industrial that is [...]
An article in miningweekly.com stated that Quadra FNX Mining, a copper mining company from Canada is currently on negotiations for the finalization of its Sierra Gorda project in Chile, and is targeting to reach an agreement in the middle of the year.
A conference call also confirmed that the company is currently on its final stage [...]
An article in bangkokpost.com confirmed that Barrick Gold has finalized the deal Monday, with regards to the purchase and acquisition of Equinox Minerals, an acquisition that is said to overpower China in the bidding.
Barrick Gold is a Canadian miner and is one of the world’s biggest gold mining company. The firm is known for giving [...]
Egypt starts taking advantage of its location by building wind power station as what has been reported in steelguru.com.
Egypt is located in one of the windiest area in the Middle East and building wind power stations is a great move for the country. The country is targeting to build two power stations in Gulf of [...]
Grede Holdings LLC that currently owns 13 machining and ferrous foundries in the United States has closed the deal and acquired Grupo Proeza foundries in Mexico, as confirmed by an article in foundrymag.com.
The amount of Grede Holdings LLC spent to close the deal has not been disclosed.
Proeza is a Mexican-owned company that specializes in automotive [...]
Rate of Panamaxe’s iron-ore and coal is expected to jump of up to 55 percent as Japan requires more volume of raw materials for the reconstruction of the country that has been destroyed by an earthquake followed by a tsunami, as what has been posted in bloomberg.com.
Japan was hit by giant waves last month destroying [...]
Barrick’s purchase of Equinox is perceived to be the company’s shift in business as it currently concentrates on the production of gold. According to the article posted in mineweb.com, Barrick’s announcement of acquiring Equinox can lead the company to explore deeper on copper mining and production.
Barrick has been producing copper in year, but gold production [...]
A US mining company, Russell Mining and Minerals Inc. confirmed that it won’t buck the decision of the Philippine government to stop its operation as what has been posted in sunstar.com.
The operation of Russell Mining and Minerals Inc. will be closed in Compostella Valley, Philippines for allegedly violating Republic Act 8371 or the Indigenous Peoples [...]
The government in Orissa shows its objection over the suggestion of Union ministry of environment & forests (MoEF) that is against the exportation of ore from Posco.
According to the goverment its their decision to make when it comes to allowing or regulating the ore export in the country. The government is firm to make the [...]
South Korea’s Posc0 has finally fished the go signal of the Indian government to start the construction of its giant steel plant in the country that will cost $12 billion. According to an article posted in mineweb.com, the company is aiming to renew its contract with Orissa amidst the heightening issue of the iron-ore export [...]
NMDC, an iron ore mining company that is owned by the state is said to be eyeing on a joint venture with the Colombian company, JV, as what has been posted in moneycontrol.com.
The Colombian firm is perceived to have the most potential of helping the company with coking coal that is needed to fuel the [...]
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