Mining industry
State-owned Indian trading firm MMTC, a leading player in the domestic retail market, is poised to expand its footprint by launching a new gold jewellery brand. The company, which has an estimated turnover of Rs 67,500 crore (US$15 billion) in 2010-11, plans to contribute Rs 50,000 crore
Mining industry
Pilot Gold Inc. has announced the initiation of its 2011 work programs for its key gold and copper-gold projects in northwestern Turkey and Nevada. The company, spun out of Fronteer Gold Inc. as part of Newmont Mining Corporation's acquisition of Fronteer for $2.3 billion, has been seeded
Mining industry
Seven Summits Research, a reputable investment research group, has released critical PriceWatch Alerts for five prominent stocks: First Solar (FSLR), Capital One Financial (COF), Goldcorp (GG), AGCO (AGCO), and Brinker International (EAT). The alerts are designed to provide investors with concise, detailed strategies for each stock, including position protection tactics
Mining industry
Midway Gold Corp, a precious metals company, has announced the appointment of Roger G Gross as the Vice President of its US operating subsidiary's Nevada Operations. With nearly three decades of experience in managing mining operations, Gross will oversee the development, construction, and operation of projects in Nevada,
Mining industry
Anglo American's robust pipeline projects are expected to drive copper production growth to 1.5 million metric tons over the next decade. At the 10th annual CRU World Copper Conference in Santiago, Chile, John MacKenzie, chief executive of Anglo's Copper Division, highlighted the company's
Mining industry
Prophecy Resource Corp. and Pacific Coast Nickel Corp. announced that they have signed a definitive arrangement agreement to sell Prophecy's Wellgreen PGM Ni-Cu and Lynn Lake Nickel projects to PCNC. The transaction will be implemented by way of a plan of arrangement under the Business Corporations Act (British
Mining industry
Copper futures hit a roadblock as the International Monetary Fund (IMF) adjusted downward its gross domestic product (GDP) growth forecasts for Japan and the US. The IMF's draft report, cited by ANSA, reduced its projected GDP increase for the US to 2.8% from 3.0% and for
Mining industry
In the wake of the devastating 2010 Deepwater Horizon disaster, the oil and gas industry has made significant strides in enhancing its spill containment capabilities. The Helix Well Containment Group, a consortium of oil companies, has announced plans to nearly double the depth at which it can contain out-of-control offshore
Mining industry
Minera Alumbrera, a joint venture company between Xstrata Copper, Goldcorp, and Yamana, has entered into a Letter of Intent (LOI) with Yamana to acquire the Agua Rica copper gold project in Argentina. The transaction, valued at up to US$110 million, will grant Minera Alumbrera an exclusive four-year option to
Mining industry
Mining company Xstrata PLC has announced a letter of intent with Yamana Gold Inc. granting Minera Alumbrera, a joint venture company between Xstrata Copper, Goldcorp, and Yamana, an exclusive four-year option to acquire Yamana's 100% interest in the Agua Rica copper gold project in northwest Argentina. The agreement,
Mining industry
Berkwood Resources Ltd. through its Indonesian subsidiary has signed an option agreement with PT. Succes Mining Resources to acquire an exclusive option to a 100% interest in the 2,416-hectare Cimandiri Gold Project in Sukabumi, West Java. The project is located approximately 120 km south of Jakarta and has nearby
Mining industry
Eagle Hill Exploration Corporation has announced significant positive assay results from its ongoing 10,000 meter drill program at the Windfall Lake Property in Quebec, Canada. The results have identified a new high-grade gold zone, named the Mallard Zone, and expanded existing gold zones, including the Caribou Zone and the
