China Inc. Steps Up Foreign Acquisitions
China’s state-owned companies are ratcheting up their acquisitions of struggling mining companies that have been hit by the financial crisis and poor metal prices.
Australia, NZ & South Pacific
Chinalco Pumps US$19.5B Into Rio Tinto
China’s largest aluminum producer will invest US$19.5 billion in Rio Tinto (RTP-N, RIO-L) through joint ventures and convertible debt in a deal that will help the Anglo-Australian mining giant pay dow…
China Inc. steps up foreign acquisitions; bids for Oz Minerals
China’s state-owned companies are ratcheting up their acquisitions of struggling mining companies that have been hi…
‘Porkulus’ To Stoke Inflation
The financial world during the fifth trading week of the year was dominated by the haggling in Washington, D. C., over the size and content of the federal government’s unprecedentedly large stimulus b…
Rio Tinto Sells More Assets To Pare US$37B Debt
Rio Tinto (RTP-N, RIO-L) continues to hack away at its immense debt load with sales to Vale (RIO-N) of its undeveloped potash assets in Argentina and Canada and an iron ore mine in Brazil for US$1.6 b…
Ivernia resumes lead shipments
Having established a safe shipping method, Ivernia (IVW-T), which owns the Magellan lead mine in Australia, is resu…
Rio Tinto enters strategic partnership with Chinalco
China’s largest aluminum producer will invest US$19.5 billion in Rio Tinto (RTP-N, RIO-L) through joint ventures an…
Japanese consortium finances Canada’s Uranium One
Uranium One (UUU-T) will raise C$270 million through a private placement with a Japanese consortium made up of Th…
Rio Tinto sells more assets, confirms talks with Chinalco
Rio Tinto (RTP-n, RIO-l) continues to hack away at its immense debt load with sales to Vale (RIO-n) of its undevelo…
New Lanfranchi Resource For Brilliant, Panoramic
VANCOUVER — A new estimate has boosted the nickel resource at the Lanfranchi mine in Western Australia for joint-venture partners Panoramic Resources (PANRF-O, PAN-A) and Brilliant Mining (BMC-V).
BHP Moves To Stanch The Bleeding
VANCOUVER–The world’s biggest mining company has joined the lengthy list of majors to close operations and trim payrolls in the face of sagging metal prices. BHP Billiton( BHP-N, BLT-L, BHP-A) is sus…
BHP suspends Ravensthorpe operations and cuts 6,000 jobs
Vancouver – The world’s biggest mining company has joined the now lengthy list of majors to close operations …