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Kincora Copper Limited Has Closed The Second Tranche of Private Placement

Dec 13, 2012

Kincora Copper Limited has closed the second tranche of the previously announced private placement financing for gross proceeds of USD 52,500 through the issuance of 500,000 units at a price of USD 0.105 per unit. As previously announced ...

Tags: private placement, copper market, copper price, copper bronze

Government on December 10th Monday Fixed The Price Band for The Upcoming 10% Stake Sale

Dec 13, 2012

Hindustan Times reported that the government on December 10th Monday fixed the price band for the upcoming 10% stake sale in India's largest iron ore miner National Mineral Development Corp at INR 145 to INR 150 that will fetch the ...

Tags: Copper, Mineral, Metallurgy

ABN Amro Expects Gold Prices to Drop Substantially Over The Next Two Years

Dec 13, 2012

ABN Amro expects gold prices to drop substantially over the next two years on a modest increase in supply and slightly lower demand. ABN Amro said that it sees gold averaging USD 1,400 per ounce in 2013 and USD 1,300 an ounce in 2014. The ...

Tags: ABN Amro, gold prices, palladium, gasoline

Alpart Bauxite and Alumina Plant Will Reopen Soon

Dec 13, 2012

Mr Phillip Paulwell Minister of Science, Technology, Energy and Mining is confident that the Alpart bauxite and alumina plant at Nain, St Elizabeth, will re open soon, as discussions with U C Rusal, the majority share holders and operators ...

Tags: energy and mining, bauxite, alumina, U C Rusal

Rio Tinto's New Copper Mine Would Provide Jobs & Economic Salvation for a Local Population

Dec 13, 2012

The multi national mining company Rio Tinto has long promised that its proposed new copper mine near the small town of Superior, Ariz., would provide 4,000 jobs and economic salvation for a local population that has struggled to find work ...

Tags: new copper mine, drilling projects, demand for steel

Sagaing Region Police Commander Has Apologized to Senior Monks

Dec 13, 2012

Xinhua reported that Colonel San Yu Myanmar's Sagaing region police commander has apologized to senior monks at a ceremony for wounding some junior monks among protestors in the November 29th 2012 disperse action of boycott camps at the ...

Tags: Sagaing region police, senior monks, copper mining project, apologized

Metal Bank to Follow up High Grade Rock Chip Results of up to 30.8 Grams Per Tonne Gold

Dec 13, 2012

Metal Bank is planning to follow up high grade rock chip results of up to 30.8 grams per tonne gold, 154 gram per tonne silver and 6.54% copper from the Spinifex Ridge East Project in early 2013. Spinifex Ridge East is located around 10 ...

Tags: Metal Bank, rock chip, tonne gold, silver, copper

The Right to Mine Will Not Be Tied to The Requirement to Build an Alumina Refinery

Dec 13, 2012

The Queensland LNP Government has taken the first concrete step towards its long stated aim of exploiting the Aurukun bauxite resource in western Cape York. This time around however the right to mine will not be tied to the requirement to ...

Tags: mining gold, bauxite, Aurukun Bauxite

Long Steel Mills Worldwide Were in General Bothered by Lack of Demand

Dec 13, 2012

According to the market outlook released by IREPAS, the global association of producers and exporters of long steel products, in November this year long steel mills worldwide were in general bothered by lack of demand, the rise in scrap ...

Tags: steel, Mineral

Telecommunications Network Operator Chorus Saw Its Shares Plunge 12%

Dec 13, 2012

Business Desk reported that Telecommunications network operator Chorus saw its shares plunge 12% at the open of NZX trading following a Commerce Commission a draft decision that would steeply cut what it can charge for access to electronic ...

Tags: copper market, scrap metal price, copper scrap, copper price

Source Is Still Awaiting a Temporary Approval From MOEF

Dec 13, 2012

Source - The Hindu Business Line reported that National Aluminium Ltd, the Bhubaneswar-based integrated PSU aluminium maker, is still awaiting a temporary approval from the Union Ministry of Forests and Environment (MoEF) for resumption of ...

Tags: bauxite mine, bauxite stock, Panchpatmali, MoEF

BS Reported That Copper Maker Sterlite Industries (India) Rose 5.37% to INR 112.80

Dec 13, 2012

BS reported that copper maker Sterlite Industries (India) rose 5.37% to INR 112.80. The stock topped the gainers in the BSE's A group. Metal shares were in demand as copper prices in London and Shanghai hit their highest in almost seven ...

Tags: metal shares, copper prices, copper contract, stock

Codelco Is Hopeful About Reaching a New Labor Deal with Its Union

Dec 13, 2012

Reuters reported that Codelco is hopeful about reaching a new labor deal with its union at the massive Chuquicamata mine. Mr Thomas Keller CEO of Codelco said that "We're optimistic. It's a complex negotiation but we're hoping that with ...

Tags: Codelco, copper market, mining industry

Outotec Has Delivered The World's First University

Dec 13, 2012

Outotec has delivered the world's first university based minipilot concentrator to the Department of Process and Environmental Engineering of the University of Oulu, Finland, as part of its active university cooperation. The small research ...

Tags: mining industry, Mineral, Energy

North American Nickel Inc Announced The Discovery of Significant Values for Nickel& Copper

Dec 13, 2012

North American Nickel Inc announced the discovery of significant values for nickel, copper, cobalt and for the first time the precious metals platinum, palladium and gold on its 100% owned 4,983 Square kilometers Maniitsoq project in ...

Tags: nickel, copper, cobalt

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