Companies and Markets - Page 3
Stay up to date with the latest Companies and Markets updates from the global mining industryRio Tinto announces $14bn writedown, appoints new CEO
Rio Tinto chief executive Tom Albanese has stepped down after the company reported $14bn in writedowns related to its aluminium assets and coal division in Mozambique....
First Quantum accuses Inmet of sabotaging $5.17bn takeover deal
Canada-based mining and metals company First Quantum Minerals has accused Inmet Mining of attempting to sabotage its C$5.1bn ($5.17bn) takeover bid by proposing to sell a stake in the Cobre...
Deals this week: Probe Mines, Pilot Gold, NSGold and more
Canada-based gold exploration company Pilot Gold has signed an agreement to sell 100% of its interest in the Regent exploration property to Rawhide Mining for a cash consideration of...
Whitehaven Coal shares recover after Maules Creek hoax
Shares in Australian coal mining company Whitehaven Coal have recovered after a fake media release claimed that the Australia and New Zealand Bank (ANZ) had withdrawn $1.3bn in funding for...
Alcoa reports 69% increase in revenues for Q4
US-based Aluminum producer Alcoa has reported revenues of $242m for the fourth quarter of 2012, compared to a loss of $143 million in the previous...
International Mining & Infrastructure Corporation bids to acquire Afferro Mining
UK-based International Mining & Infrastructure Corporation (IMIC) has made a formal bid to acquire iron ore exploration and development company Afferro...
Deals this week: Cameco, Newmont Mining, Polymetal and more
Saskatchewan-based uranium producer Cameco has completed the acquisition of the Yeelirrie uranium project in Western Australia from BHP Billiton for...
Deals this week: Colorado Goldfields, BC Iron, Fortescue Metals and more
Denver-based junior exploration and mining company Colorado Goldfields has acquired the Champion Mine in the San Juan Mountains at Silverton, Colorado, for...
Deals this week: Aneka Tambang, Uragold, Centurion Minerals and more
Indonesian firm Aneka Tambang has agreed to acquire a 7.5% interest in domestic company Nusa Halmahera Minerals from Australia-based Newcrest Mining for about $160m....
Australian Central Bank reduces interest rate to offset mining industry slowdown
The Reserve Bank of Australia (RBA) has reduced its cash rate by 25 basis points to 3% as it steps up its efforts to offset a slowdown in the country's mining...
Mining-technology launches global mining industry survey
Mining-technology.com is launching a major global mining industry survey, and we’d like to hear your opinions on the most important business issues for 2013-2014....
Coal production scaled down as stringent regulations take effect
Global coal producers are set to further scale down investments in thermal coal as regulations against harmful emissions from burning fossil fuels eat into production...
Deals this week: Inmet, Endomines, Liberty Mines and more
Canada-based copper and zinc mining company Inmet Mining Corporation has declined a proposal from First Quantum Minerals to acquire the company for...
Deals this week: Aldridge Minerals, L&L Energy, IMX Resources and more
US-based L&L Energy has acquired the LuoZhou and LaShu mines situated close to its existing Weishe model mine in Guizhou Province,...
Qatar Holdings approves Glencore takeover of Xstrata
Glencore's long drawn-out takeover of Xstrata could finally reach the finish line this week after stakeholder Qatar Holding announced its approval of the...
Deals this week: Cliffs, Santo Mining, Duncastle Gold and more
Mining and natural resources company Cliffs Australia Coal has divested a 45% interest in the Sonoma coal mine in Queensland to its joint venture partners QCoal Sonoma and JS Sonoma for...
Harry Winston to acquire BHP's diamond assets
Canada-based Harry Winston Diamond Corporation has signed a agreement to acquire the diamond business of Australian mining company BHP Billiton for...
Deals this week: Roman Abramovich, Argentina Mining, Globex Mining, Auric Mining and more
Russian billionaire Roman Abramovich is expected to invest in Australia-based Linc Energy, a company that produces diesel and jet fuel coal gas released from underground...
Newmont Mining reports 10% decline in Q3 revenues
US-based gold producer Newmont Mining Corporation has recorded consolidated revenues of $2.5bn in the third quarter of 2012, a 10% decrease compared to the same period in...
Deals this week: Coronet Metals, Castillian, Santo Mining and more
Canada-based gold and silver exploration and development company Coronet Metals has acquired all outstanding shares of White Caps Gold Mining...
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