Mining industry
Chile is resorting to international and domestic expertise to tackle the daunting task of rescuing 33 miners trapped in a collapsed gold and copper mine, with a potential three-month wait ahead. A conference call between healthcare professionals from NASA and Chile's health minister, Jaime Manalich, focused on strategies
Mining industry
After 18 days since the cave-in of the San Jose copper mine in Chile, authorities have established communication with the 33 workers trapped underground. On Monday, an intercom system was set up through a borehole extending 700 meters to where the workers are trapped, allowing them to talk to rescue
Mining industry
Global diversified miner BHP Billiton Ltd has secured loan facilities totaling $45 billion from six banks to fund its unsolicited offer for Potash Corp of Saskatchewan Inc. The financing involves four parts, including a $25 billion, 364-day Term Loan A, a $10 billion, three-year Term Loan B, a $5 billion,
Mining industry
Asian stock markets rallied on Wednesday, driven by Wall Street's better-than-expected results and a rebound in U.S. industrial production. The Dow Jones Industrial Average broke its five-session losing streak, rising 1.0% on the positive news. Investors were also buoyed by the rejection of BHP Billiton'
Mining industry
Seven Summits Research, an independent investment research group, has issued critical PriceWatch Alerts for five top stocks: Wal-Mart Stores Inc. (WMT), Corning Inc. (GLW), Goldcorp Inc. (GG), F5 Networks, Inc. (FFIV), and NetLogic Microsystems Inc. (NETL). These alerts are designed to provide concise and detailed strategies for each stock, including
Mining industry
Vietnamese gold trading companies are targeting Cambodia and Laos as potential markets for the gold bar trading business, driven by the sluggish domestic gold market. The State Bank of Vietnam has imposed limits on gold imports and exports, leading companies to look abroad for opportunities. Cambodia's discovery of
Mining industry
Reports surrounding Ivanhoe Mines' massive joint venture with Rio Tinto in Mongolia have sent shockwaves through the global financial community, with several journalists misquoting a crucial figure related to the Oyu Tolgoi gold and copper mine. The mistake, which has been likened to a "Barnaby Joyce moment,"
Mining industry
Australian-listed Newmont Mining Corporation has announced that it is facing industrial action at its Batu Hijau copper and gold mine in Indonesia, with approximately 200 to 300 workers downing tools on Monday. Despite this, the company remains committed to negotiations with the strikers and maintains that lines of communication are
Mining industry
Barrick Gold Corp. has witnessed a surge in investor demand for gold, driven by concerns over sovereign debt in Europe and a fragile global recovery. As a result, the world's largest gold producer has reported record second-quarter profits, with net earnings rising 59% to $783 million. The company&
Mining industry
Harmony Gold Mining Company Limited has announced a significant increase in the mineral resource at the Wafi-Golpu porphyry copper-gold project in Papua New Guinea, with the total mineral resource now containing 16 million ounces of gold and 4.8 million tonnes of copper. The new mineral resource was discovered through
Mining industry
Freeport-McMoRan Copper & Gold Inc. is closely monitoring the molybdenum market to determine when to restart its Climax project, which was suspended in October 2008 due to market conditions. The company is investing $60 million to advance certain construction activities, providing flexibility in startup timing options. Climax is planned to
Mining industry
Tombstone Exploration Corporation has announced the completion of its Helicopter-borne time domain electromagnetic GeoPhysical ZTEM program, a significant step in the company's exploration efforts in the Tombstone Mining District. The program's high-resolution imaging capabilities will aid in identifying targets for a potential giant, high-grade porphyry copper-gold
