Mining industry
Against the backdrop of a sustained surge in commodity prices, driven by China's rapid economic growth and urbanization, a major round of consolidation is underway in the mining industry. The world's largest zinc producer, Teck Cominco, has made a $17.8 billion bid for Canadian mining
Mining industry
Latin American Minerals Inc. has entered into an agreement to acquire a 100% interest in the Cerro Amarillo copper-gold porphyry project in Mendoza Province, Argentina. The project covers 14,222 hectares and is located in the foothills of the central Andes, adjacent to the mineral belt hosting Codelco's
Mining industry
Canadian nickel and copper miner Inco reported a 36 per cent decline in first-quarter earnings, citing higher costs and lower copper deliveries as key factors. Despite a rise in metal prices and increased nickel production, Inco's net earnings dropped to USDollars 202m, or 91 cents a share, from
Mining industry
Peru's Ministry of Energy and Mines reported mixed results in the country's mineral output for January, with gold and copper production increasing, while zinc and silver production declining. The government attributed the rise in gold production to the Lagunas Norte mine, which came onstream in mid-June
Mining industry
Internal Hydro International Inc. (OTCBB: IHDR) and Lithium Technology Corporation (OTCBB: LTHU) have experienced significant increases in value, with Lithium Technology surging 116% on 24.6 million shares traded. The stock market alert highlights the potential of these companies, citing their innovative technologies and market opportunities. Internal Hydro International Inc.
Mining industry
Zijin Mining, a leading Chinese gold producer, aims to significantly boost its gold and copper output this year, capitalizing on the global rise in precious metal prices. The company plans to allocate up to one billion yuan for investments in gold and copper mining and smelting projects, seeking to double
Mining industry
Workers at Zambia's Kansanshi copper mine have threatened to strike over allegations of exploitation by labor brokers, according to the National Zambia Miners and Allied Workers Union. The union's general secretary, Albert Mando, stated that the workers are being deducted hefty sums from their salaries, leaving
Mining industry
A mud/topsoil slide occurred on March 23, 2006, at 1 a.m. local time at PT Freeport Indonesia's (PT-FI) mining operations, resulting in the tragic loss of three contract workers and four injuries. The incident damaged a mess hall and an adjacent area, but did not directly
Mining industry
Freeport-McMoRan Copper & Gold Inc., a leading mining company, announced significant bonuses for its top executives in 2005. Chairman James R. Moffett's bonus increased to $19.4 million, up from $4.3 million in 2004, while President and Chief Executive Richard C. Adkerson received restricted stock awards valued
Mining industry
Corriente Resources Inc. has announced a significant milestone in its Mirador copper-gold mine project in Ecuador, securing the services of SNC-Lavalin Chile S.A. for full Engineering and Procurement Services to start-up and expand the mine. This move comes as the company seeks to address the global shortage of engineering
Mining industry
Protesters in the remote province of Papua targeted a hotel and set a car on fire after being unable to meet with a representative of US gold mining company Freeport-McMoRan Copper & Gold Inc. The demonstration occurred in the town of Timika, near the company's massive Grasberg gold
Mining industry
Yunnan Copper, a Shenzhen-listed company, has announced its 11th Five-Year Development Program, aiming to achieve significant growth in various sectors. The company seeks to produce 20.5 billion yuan in industrial output value and 1.8 billion yuan in gross profit. Key targets include expanding production capacity in electric copper,
