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 ...
The Globe And Mail reported that Inmet Mining Corp.which last month rejected a USD 4.9 billion takeover bid from a Canadian rival has announced a 27% increase in reserves at its massive Cobre Panama copper project in Central America. The ...
Tags: Inmet Mining Corp., takeover bid, copper project, miner, copper demand
THE sharemarket continued its climb yesterday, reaching a 17-month high on positive news from Europe as US politicians inched closer to a deal on the fiscal cliff crisis. Utilities, energy, industrials, telecommunications, materials and ...
Tags: Positive, News Fuels, politicians inched
Bloomberg reported that First Quantum Minerals Ltd a producer of copper in Africa, raised its bid for Inmet Mining Corp for a second time to about CAD 5.1 billion (USD 5.2 billion) as it seeks control of the Cobre Panama project. ...
Tags: Quantum Minerals, copper, Mining Corp, copper producers, top-five
White Cliff Minerals and its JV partner T2Gold have identified several new zones of copper mineralization at their Chanach copper and gold project in Kyrgyz Republic. Channel sampling identified copper zones including 8 meters at 1.72% ...
Tags: White Cliff Minerals, Copper Mineralization Zone, Chanach Project
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
Mining.com reported that China's Heilongjiang Heilong Resources Investment is investing AUD 30 million in International Base Metals the owner of the Omitiomire deposit in Namibia which is believed to harbor 700,000 tonnes of copper. The ...
Tags: Copper Mine, Investment, Resources, copper, Acquire
Mineweb reported that India has failed to win a global bid to acquire the Shaida copper project in Afghanistan which has been awarded to Afghan Minerals Group. In yet another failed attempt the Indian consortium consisting of state owned ...
African Minerals continues to ramp up production at the Tonkolili iron ore mine in Sierra Leone. But, due to the impact of the extended wet season, it is likely that shipped production for the full year will fall below previous guidance. ...
Tags: African Minerals, iron ore mine, wet season, Guidance
THE Australian sharemarket hit a fresh 17-month high today as US lawmakers inched closer to a deal on the fiscal cliff problem. Utilities, energy, industrials, telecommunications, materials and financial stocks mostly rose despite some ...
Tags: Investor Sentiment, fiscal, cliff problem
Outotec is one of the few companies in the world that can offer paste thickening solutions to the mineral industries in one package.Paste technology means that instead of pumping untreated tailings from the concentrator into tailing ...
Tags: Outotec, mineral industries, paste thickening solutions
Business Standard reported that the Odisha government recently found itself in a tight spot over the role of its PSU Odisha Mining Corporation in excess production with the opposition pointing out that the state owned miner had extracted ...
Tags: excess production, OMC, coal Mining
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
Created by Victor Vetterlien the Bite Me is an edible desk lamp? Yes the lamp itself is made of biodegradable plastic created from vegetable glycerin and agar, a gelatin made from sea algae. The LED light-source is attached to a clear ...
Tags: Desk Lamp, Lamp, edible desk lamp
The Middle East Dredging Company (MEDCO) has selected Weir Minerals to supply pumps to be used in the dredging of the New Doha Sea Port in Qatar. Construction of the port, which will be one of the deepest in the world and will cover an ...
Tags: MEDCO, Weir Minerals, pump, hard rock