Mining industry
The global aluminum industry is facing significant challenges amidst the ongoing economic downturn. Century Aluminum has failed to secure a new power contract for its Hawesville smelter in Kentucky due to unfavorable business conditions. Meanwhile, Mexico's mining production declined by 23% in March compared to the same period
Mining industry
Teck Cominco Ltd. has agreed to sell its 50% stake in the Williams and David Bell gold mines in the Hemlo district of northern Ontario to an affiliate of Barrick Gold Corp. for $65 million US. This sale is part of Teck's plan to divest non-core assets and
Mining industry
The Ontario Superior Court of Justice has ruled in favor of Gold Reserve Inc. in a dispute surrounding a hostile bid by Rusoro Mining Ltd. for the Canadian mining company. On February 10, 2009, Justice Cumming granted an interlocutory injunction preventing Rusoro from advancing its bid, citing the misuse of
Mining industry
Gold Canyon Resources Inc., a Vancouver-based mineral and precious metals exploration company, has announced the granting of incentive stock options to certain directors, senior officers, and consultants. The options, totaling 2,350,000 common shares with an exercise price of $0.10 per share, expire on February 13, 2011. This
Mining industry
XplosiveStocks.com, a leading stock website, has introduced a free hot stock alerts service for investors. The service provides daily e-mail alerts on stocks that are hot in the market, including those with high volume, penny stocks, and new 52-week highs or lows. The alerts have reportedly done well in
Mining industry
Perth-based Kagara Ltd (ASX:KZL) has entered into an agreement with Transamine, a concentrate trader, to sell shares representing 11.5% of its equity. The arrangement involves a placement of 25 million shares at 40 cents each, valuing the transaction at A$10 million (US$6.3 million). The funds
Mining industry
ZNext Mining Industries, Inc., a Philippine-based mining company, has announced the development of its XYZ Gold Processing Plant in Masbate Island, Philippines. The plant, which is expected to be operational in 180 days, will have a capacity to produce about 15+ ounces of gold per metric ton of ores per
Mining industry
Gold prices have fluctuated amidst economic uncertainty, making it challenging for investors to navigate the gold mining sector. Beacon Equity Research has released trade alerts highlighting key developments in major gold stocks, including Barrick Gold and Goldcorp. The author points to Barrick Gold's suspension of output at its
Mining industry
Newmont Mining Corp., a leading US gold producer, announced its 2008 gold sales of around 5.2 million troy ounces, in line with expectations. The company also acquired the remaining 33.3% stake in the Boddington mine in Western Australia from joint venture partner AngloGold Ashanti Ltd. Newmont's
Mining industry
The Australian mining industry has been hit with a massive blow as global mining giant BHP Billiton announces it will cut more than 1,400 jobs in Queensland's coal and nickel sectors. While over 1,000 positions will be phased out from metallurgical coal operations across the state,
Mining industry
The family of the late Steve Irwin is determined to protect the Cape York wildlife reserve named in his honour from mining plans. Despite Cape Alumina Limited winning a court battle to access a portion of the 135,000-hectare reserve, the Irwin family remains committed to preserving the wetland conservation
Mining industry
A two-day strike at Xstrata's Altonorte copper smelter in Chile has come to an end after a new three-year contract was agreed upon between the company and its 356 workers. According to Xstrata official Jon Evans, the strike was officially called off, and all workers have returned to
