Mining industry
The Philippine-based mining company, Pearl Asian Mining Industries, Inc. (OTC:PAIM), has hired Mr. Richard C. Miller of Georgia to handle its investor relations, aiming to better service its shareholders. Meanwhile, the company's "Operation Gold Finger" project, located on the Island of Masbate, is progressing as
Mining industry
Troy Resources NL, an Australian mining company, has announced the appointment of two high-profile industry professionals to its board. Effective April 3, 2006, Tommy McKeith will take on the role of Chief Executive Officer (CEO) and Executive Director, bringing with him 17 years of experience from Gold Fields Limited. McKeith
Mining industry
Oxiana Ltd, a gold and base metal miner, is confident about the future of its commodities business, with managing director Owen Hegarty expecting a strong year in 2006. The company has posted a strong net profit of $A80.302 million for the first half of 2005/06, a significant improvement
Mining industry
Barrick Gold Corporation has entered into an agreement with Antofagasta PLC to acquire 50% of Tethyan Copper Company's Reko Diq project and associated mineral interests in Pakistan, in the event that Antofagasta is successful in its bid to acquire Tethyan. The Reko Diq project is a highly prospective
Mining industry
Barrick Gold Corporation has entered into an agreement with Antofagasta PLC to acquire 50% of Tethyan Copper Company's Reko Diq project and associated mineral interests in Pakistan. The move comes after Antofagasta reached a deal with Tethyan to acquire its entire issued share capital for Australian $1.20
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,
Mining industry
Swedish miner Boliden AB anticipates substantial long-term demand growth for its copper and zinc business, driven by a shortage of zinc concentrates and robust forecasted demand for copper. According to Boliden's fourth-quarter earnings conference call, the zinc concentrate market is unlikely to meet growing demand over the next
Mining industry
Freeport-McMoRan Copper & Gold Inc. has announced the redemption of its Gold-Denominated Preferred Stock (FCX Pr C), with a total redemption value of $236.3 million. The redemption is scheduled to take place on February 1, 2006, and will result in a reduction of the company's total consolidated
Mining industry
Freeport-McMoRan Copper & Gold Inc. announced that its Board of Directors has authorized a supplemental common stock dividend of $0.50 per share to be paid on March 31, 2006. This payment represents an addition to the company's regular quarterly common stock dividend and is part of a
Mining industry
Melbourne-based zinc and lead miner Zinifex has expressed its continued interest in acquiring the tantalum assets of failed miner Sons of Gwalia, despite reports of a possible relisting on the Australian Stock Exchange. Sons of Gwalia collapsed in 2004 due to significant debt and mining problems, but its tantalum assets,
Mining industry
Placer, a leading gold major, has solidified its presence in Western Australia's gold exploration scene by partnering with junior Australian companies Red 5 Ltd and Gateway Mining Nl. The three-way agreement allows Placer to earn a 60% stake in the WA tenements by investing $A2.5 million within
Mining industry
Lafayette Philippines, the Australian mining firm that was fined for violating the Philippines' anti-pollution law, has appointed a new CEO to oversee the operation of its gold and copper mining project on Rapu-rapu island. Carlos Dominguez, a former Philippine government environment chief and president of Philippine Airlines, has vowed
