RIA Novosti reported that Russian billionaire Roman Abramovich is buying a stake in mining and metals giant Norilsk Nickel to end a long-standing shareholder dispute over the company's corporate management. This follows an agreement ...
Tags: nickel, stock market news, buy stainless steel, mining
If a recent report by Associated Chambers of Commerce and Industry of India (ASSOCHAM) is anything to go by, India’s diamond industry is facing a threat of being eclipse by its close rival China in near future. Associated ...
Tags: ASSOCHAM, diamond industry, India, rough diamonds
Mining giant Xstrata has revealed that its Antapcaccay mine in southern Peru started producing commercial grade copper at the start of the month and has already delivered its first shipment to customers. The company said that its ...
RIO Tinto has warned it may cut more jobs from its aluminium and coal businesses as it seeks to rein in unsustainable cost increases. In an investor update, the mining giant also says it expects growth in China's steel demand to peak ...
Tags: aluminium business, Rio Tinto, global mining operation
Business News Americas reported that Brazilian mining giant Vale's efforts to regain domestic market share include the strengthening of partnerships, such as the one with Korean steelmaker POSCO at the USD 4.34 billion Companhia ...
Anglo American Platinum said the results of its business review, which is widely expected to lead to shaft closures and job cuts would be published early in the New Year. Amplats, a unit of global mining giant Anglo American lost at least ...
Tags: Anglo American Platinum, business review, job cuts, mines
BL reported that Vedanta will fork out the right price arrived at a transparent process for buying out government's residual stake in Hindustan Zinc Limited and Bharat Aluminium Company. Mr Anil Agarwal chairman of Vedanta said that ...
Tags: Vedanta, Hindustan Zinc Limited, Bharat Aluminium Company
News Americas reported that the exuberant iron ore prices seen in recent years on the Chinese spot market are a thing of the past and do not exist anymore, Brazilian mining giant Mr Luciano Siani CFO of Vale's said during a panel at the ...
Tags: iron ore, Siani CFO, mining giant