Mining industry
Peru's output of copper, gold, zinc, and silver saw notable increases in June 2006, according to the Energy and Mines Ministry. The country's mineral production has become a key driver of economic growth, with new mines opening in recent years. The government reported that gold output
Mining industry
Xstrata, an Anglo-Swiss miner, has reached a new high after acquiring Canada's Falconbridge in a $19.2 billion deal, making it a significant player in the industry with diversified assets. Although investors have been slow to react to the acquisition, analysts believe it will have a transformative effect
Mining industry
Brazil's top mining corporation CVRD, the largest iron ore producer in the world, expressed confidence in its acquisition of Canada's Inco Limited, despite a counter offer from U.S. company Phelps Dodge. CVRD launched its all-cash bid of 19.3 billion Canadian dollars for Inco, which
Mining industry
The August 21 edition of Schaeffer's S&P 500 Index Hot Stocks highlights the performance of top-20 and bottom-20 stocks in the S&P 500 Index, with Freeport-McMoRan Copper & Gold, Newmont Mining, Ashland, Ford Motor, and Lowe's Companies being featured. The article discusses
Mining industry
Major disruptions in the global market are unfolding as BHP Billiton's massive copper mine in Chile is shut down due to a strike, leading to a 0.5% hike in copper prices. The mine's closure has also affected the stocks of its majority owners, BHP and
Mining industry
The mining industry has witnessed a period of rapid consolidation, with several major transactions in the works. The catalyst behind this trend is China's booming industrial growth, driving up demand and prices for copper and other metals. Copper prices have tripled in the past three years, with the
Mining industry
CVRD, the Brazilian iron ore producer, is set to table a C$17.6 billion (pounds 8 billion) cash bid for Inco, the Canadian nickel producer, amidst a fiercely contested mining takeover battle. The move by CVRD has raised the stakes in a market driven by Chinese demand for minerals,
Mining industry
The Canadian mining company, Inco, may consider engaging in talks with Teck Cominco after rejecting the latter's sweetened hostile takeover offer. The bid by Teck Cominco, which consists of $77.42 per share, including $40 in cash, may potentially surpass a friendly bid by Phelps Dodge, Inco'
Mining industry
Teck Cominco Ltd., a Vancouver-based mining company, has announced that it has no plans to engage in discussions or negotiations with Inco Ltd. regarding Inco's offer from Phelps Dodge Corp. instead. Teck Cominco has expressed its confidence in its own offer for Inco, deeming it "clearly superior&
Mining industry
Stephen H. Siegele, a seasoned executive with 22 years of experience in engineering and senior management, has been elected to the Board of Directors at Freeport-McMoRan Copper & Gold Inc. Siegele, 46, brings a wealth of knowledge from his tenure at Advanced Delivery & Chemical Systems, Inc. and Advanced Technology
Mining industry
Grupo Mexico SA, a Mexican mining giant, is exploring a possible acquisition of Phelps Dodge Corp., according to a report in The Globe and Mail. The move comes as Phelps Dodge seeks to acquire Canadian nickel miner Inco Ltd. after its proposed three-way combination with Falconbridge Ltd. fell through. Teck
Mining industry
Phelps Dodge Corp., a mining company, has reaffirmed its support for Inco Ltd.'s bid to acquire Falconbridge Ltd. Inco has offered C$64.40 per Falconbridge share, a move supported by Falconbridge's board after reviewing a revised offer from Xstrata Plc. The Inco bid is separate
