According to an announcement posted on Tadawul, the Saudi Arabian Mining Company has signed a SAR 9 billion murabaha Islamic loan deal for a period of five years with a number of banks,. The report said that the company decided to ...
Tags: Saudi Arabian Mining Company, loan deal, financial flexibility
A glut of manufacturing capacity and near-collapse in rare earth metal prices is driving down the cost and hence encouraging the rapid take-up of light-emitting diode (LED) lighting. LED lights are based on semiconductors and therefore do ...
Tags: LED Lights, Rare Earth
SteelOrbis reported that on December 19 Hubei Province based Chinese steel producer Wuhan Iron and Steel Group announced that it will increase its investment in Chinese coal mining company China Pingmei Shenma Group by CNY 600 million. ...
Tags: steel, Wuhan Iron and Steel Group, investment, coal mining, coking coal
Closely held International Base Metals Limited has secured AUD 30 million cornerstone investment from China as it looks to develop a copper mine in southern Africa. IBML, advised by Azure Capital also hopes to use some of the funds raised ...
Tags: Chinese miner, copper mine, mining assets, Metals
Saudi Arabia began aluminium production at its first smelter built through JV between the Saudi Arabian Mining Company and US giant Alcoa. Mr Khalid al Mudaifer president & CEO of Maaden said that "Today we see the first aluminium ...
Tags: aluminium production, aluminium, giant Alcoa, alumina
Operations at New Zim Steel are expected to resume next month after Cabinet guaranteed the investor that the initial deal signed between the Government and Essar Group stands. This brings relief to over 3 000 workers who have gone for ...
Tags: New Zim Steel, Essar Group, resume, pay the workers, mining
Even as the resumption of regular mining is getting delayed in Karnataka,there is some good news for the ore starved steel industry as one of the Category A mining company has got approval to put on auction some of its low grade iron ore. ...
LOCAL shares rose for the third straight day today, hitting a fresh 17-month high as investors sought defensive and higher-yielding stocks as concern grew over the fate of US negotiations on the so-called fiscal cliff. The benchmark ...
Mining companies and investors including some heavyweight industrial combines in China are pouring into the region in a quest for iron ore, driving a railway building and mining boom whose worth JPMorgan Chase & Co recently estimated at USD ...
Tags: Mining, iron ore, railway, steel production
Brazilian iron ore mining company MMX SA announced that on December 3rd,the Board of directors of MMX approved a capital increase of approximately BRL 1.4 billion,upon private subscription of new common,registered,book entry shares of no ...
Tags: MMX SA, iron ore mining, capital increase
Reuters reported that Saudi Arabian Mining Company,Maaden,which has an aluminium JV with Alcoa,raised SAR 9 billion through an Islamic loan facility to help fund its future projects. Maaden in a bourse statement said that the murabaha ...
Tags: Maaden, Islamic loan facility, aluminium JV
The growth of the developing world will likely require as many mineral resources over the next 25 years as have been used since the dawn of the Industrial Revolution. But those scarce minerals will become increasingly difficult to recover ...
Tags: IT, mineral resources, Industrial Revolution
The Directors of Chinalco Yunnan Copper Resources Limited have pleasure outlining the path forward for the Company. CYU continues to maintain the full support of its major shareholder, Chinalco, which holds 43% of the issued shares ...
Tags: Chinalco Yunnan Copper Resources, mining, mining company, copper
Bloomberg quoted Treasurer Mr Wayne Swan before a government report on gross domestic product this week said that growth in Australia, the world's biggest exporter of iron ore and coal, may have slowed last quarter as commodity prices fell. ...
Tags: iron ore, coal, Australia, resource projects
Saudi Arabian Mining Company has announced the kingdom's first aluminium smelter is to reach full production later than planned due to long delays to a power plant it needs to run flat out. Maaden said that operations at the USD 10.8 ...
Tags: Saudi Arabian Mining Company, aluminium smelter, smelting capacity