Archive for October, 2006
Monday, October 30th, 2006
BHP Billiton and Mitsubishi Corp have signed an agreement with the Cambodian government to explore for bauxite in eastern Cambodia, BHP Billiton said.
A BHP Billiton spokeswoman said the two companies will also look at the potential for constructing an alumina refinery if bauxite mining proves feasible.
'It is very early days ...
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Monday, October 30th, 2006
Outokumpu Technology has entered into a significant contract withAktyubinsk Copper Company, an affiliated company to Russian Copper Company, to design and deliver a new copper-zinc concentrator for "Green Mountain 2" project in Kazakhstan. The total contract value exceeds EUR 30 million.
Outokumpu Technology's scope of supply covers the basic design, supply ...
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Monday, October 30th, 2006
Lafayette Mining Ltd., the first overseas company to operate a Philippine mine since a legal ruling in 2004, plans to sell convertible bonds to raise as much as $15 million for its Rapu Rapu copper-gold project.
Lafayette will sell between 10 million to 15 million notes at $1 each, which investors ...
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Monday, October 30th, 2006
Jiangxi Copper Co., China's biggest producer of the metal, has narrowed a search for mines to North and South America, and may announce which assets it plans to purchase by the end of the year.
"We are looking at new mines in these places," said deputy general manager Wang Chiwei in ...
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Monday, October 30th, 2006
Earlier mixed price signals gave way to across-the-board strength in London Metal Exchange metals Wednesday afternoon led by near-record highs in nickel, zinc and lead prices.
Zinc recorded the strongest intra-day gains, advancing $105 to end late kerb in London at $3,790 a metric ton, up 2.8% on Tuesday's kerb close ...
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Monday, October 30th, 2006
Mincor Resources NL, Australia's fourth-largest nickel producer by mine output, said it's open to takeover offers as mining companies worldwide search for more resources to meet surging Chinese demand.
The company hasn't been approached and is focused on exploration to increase resources, Jim Reeve, chief operating officer of Mincor, said in ...
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Monday, October 30th, 2006
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Monday, October 30th, 2006
China's steel product prices rebounded slightly in September, along with domestic growth demand and steel mill prices, industry insiders told Interfax Wednesday.
The price for domestic reinforced bar (diameter 12~25 mm) rose by an average of RMB 30 (USD 3.79) to RMB 3,090 (USD 390.33) a ton at the end of ...
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Monday, October 30th, 2006
Kachkanarsky GOK (KGOK), an iron ore mining division of Evraz Group, won an auction for the rights to the Kachkanar titanium-magnetite deposit in the Sverdlovsk region on October 11, the Urals Federal District's branch of the Russian Subsurface Resources Agency (Rosnedra) told Interfax.
The winner bid 220.5 million rubles for a ...
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Monday, October 30th, 2006
North Korea threatened more nuclear tests Wednesday and said additional sanctions on the country would be seen as an act of war, according to the Associated Press.
With international tensions rising, gold for December delivery climbed by 30 cents to close at $576.50 an ounce on the New York Mercantile Exchange. ...
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