Mining industry
Rescue efforts are nearing an end for the 33 trapped Chilean miners, who have been stuck 700 meters underground since August 5. Drillers claim to have neared the lower reaches of the gold and copper mine, with just 128 feet (39 meters) of rock to carve through. Mining minister Laurence
Mining industry
As the rescue drill in Chile nears the trapped miners, officials are working to ensure a safe exit route for the 33 men who have been stuck underground for two months. A partial collapse in the shaft has raised fears of a disaster, and to mitigate this risk, the government
Mining industry
China Armco Metals, Inc., a global leader in the production and sale of metal products, has retained the services of QiPin Yan, a renowned expert in the scrap metal and steel industry. Yan, with over four decades of experience, will provide consulting services focusing on industry development strategies, new market
Mining industry
Vedanta Resources PLC's Indian operations have taken a hit as a court ordered the closure of a copper smelter owned by its unit Sterlite Industries due to environmental rule violations. Meanwhile, Philex Mining Corp. announced the shipment of 5,058 dry metric tons of copper concentrates containing gold,
Mining industry
Gold prices surged to a record high on Friday, September 24, 2010, as investors sought to protect their wealth and hedge against a weakening dollar. The precious metal, up 18 percent this year, is on course for its 10th consecutive annual gain, the longest winning streak since at least 1920.
Mining industry
As concerns about the global economy persist, gold prices have continued to break record levels, with major gold producers such as AngloGold Ashanti Ltd (AU), Gold Fields Ltd (GFI), and Newmont Mining Corp (NEM) all experiencing significant gains. The price of gold has risen to $1,297.00 an ounce,
Mining industry
In an uncertain market landscape, investors are seeking reliable and actionable information to make informed decisions. Seven Summits Research has responded to this need by issuing critical PriceWatch Alerts for five top-performing stocks: Applied Materials Inc. (Nasdaq: AMAT), Nucor Corporation (NYSE: NUE), SanDisk Corp. (Nasdaq: SNDK), Goldcorp Inc. (NYSE: GG)
Mining industry
AngloGold Ashanti is set to raise significant funds from a share and bond issue to buy out its hedge book worth approximately $2.4 billion. The company plans to issue shares worth around $686 million, with an option to exercise an overallotment option, which could add a further $103 million.
Mining industry
Kria Resources Ltd. has announced the results of its Preliminary Economic Assessment (PEA) study, which has improved the project's economics by combining the Halfmile Lake and Stratmat deposits. The study, completed by Wardrop Engineering Inc., a Tetra Tech company, has increased the Internal Rate of Return (IRR) and
Mining industry
Vancouver, Canada-based Baja Mining Corp. has announced that its 70% owned project company, Minera y Metalurgica del Boleo S.A. de C.V., has obtained confirmation from export credit agencies, the Korea Development Bank, and commercial lenders to secure $823 million in funding for the development of the Boleo project
Mining industry
As the world watches with bated breath, 33 Chilean miners who have been trapped underground for nearly three months will soon have to play a crucial role in their own rescue. Engineers have devised a plan to drill a wide rescue hole, but it will come with a significant challenge:
Mining industry
A half-mile underground, 33 miners who have astonished the world with their discipline are facing a daunting challenge: clearing thousands of tonnes of rock to aid in their own escape. The rescue operation, led by Chile's state-owned Codelco mining company, involves drilling a rescue hole that will be
