Mitsubishi and Copper Mountain To Extended MOU
Copper Mountain Mining Corporation (CMMC) reports that the Company continues to advance the Copper Mountain Project towards production with the assistance of Mitsubishi Materials Corporation. Discussions between Mitsubishi and the Company continue toward finalizing agreements and arranging project financing. Mitsubishi and the Company have agreed to extend the MOU up to the end of July 2009 to provide...
Coeur Further Enhances Its Liquidity Position
Coeur d’Alene Mines Corporation announced it has entered into a new $20 million facility with Mitsubishi International Corporation. Structured as a gold lease facility under which Coeur received proceeds of $20 million from the sale of 23,529 ounces of gold lent to it by MIC, the Company will then deliver these gold ounces to MIC over the next twelve months. Coeur currently produces gold as a by-product...
Mitsubishi Materials Corporation advances $28.75 million for Copper Mountain Project
Copper Mountain Mining Corporation announce that Mitsubishi Materials Corporation has agreed to advance up to Cdn$28.75 Million by way of a bridge-loan to Similco Mines Ltd., a wholly-owned subsidiary of the Company. Similco holds the assets of the former Similco mine, which the Company plans to re-develop into a producing mine. The funds will be used for development activities necessary to achieve...
Copper Mountain board makes decision to develop Copper Mountain Project
Copper Mountain Mining Corporation announce that the Company’s Board of Directors have authorized management to proceed with the development of the Copper Mountain Project subject to the Company finalizing its financing arrangements as well as obtaining the required operating permit amendments for the Project. The Company has ordered long lead major equipment items. Site work has progressed well...
Copper Mountain Mining conclude MOU with Mitsubishi Materials Corporation to Develop Copper Mountain Project
Copper Mountain Mining Corporation announce that Mitsubishi Materials Corporation will join the Company in developing the Copper Mountain Project located near Princeton, BC. Effective September 30, 2008, the Company and MMC have signed a Memorandum of Understanding. Under the terms of the MOU, subject to several conditions, including approval of the board of directors of MMC, MMC has agreed to: purchase...
Fort Worth-Based Grande Energy Exploration & Production Co. Inks Deal with Mitsubishi Corporation and Schlumberger
Grande Energy Exploration & Production Co., a privately held oil and gas exploration and production company based in Fort Worth, Texas, announced today a project agreement with a US-based subsidiary of Mitsubishi Corporation, which is a Japanese general trading company, and international oilfield services company, Schlumberger. The agreement calls for financing and development of unconventional...
Cameco Completes Kintyre Acquisition
Cameco Corporation announced today that it has completed the acquisition of a 70% interest in the Kintyre uranium exploration project in Western Australia for $346.5 million (US). A joint venture comprised of Cameco (70%) and Mitsubishi Development Pty Ltd (30%) purchased the Kintyre project from Rio Tinto for $495.0 million (US) through a bidding process. Cameco will operate the project and is funding...
Iron Ore Company of Canada Selects Rajant Corporation for Mine Wide Wireless Communications
Rajant Corporation, a leading provider of portable, reliable, and adaptable wireless networking solutions, announced today that it has been selected by the Iron Ore Company of Canada (IOC), to supply the primary communications platform for mining operations at the IOC mine located in Labrador City, Labrador, Canada. The mine-wide Rajant BreadCrumb® wireless mesh network will enable IOC to run multiple...
Indonesia denies reports of possible coal export quotas
Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use. The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India. The reports were baseless and the new mining law likely to be passed by Parliament by June would in fact provide more certainty for mining companies, said Simon Sembiring,...
Global Carbon & Graphite Market to Exceed $8.1 Billion by 2012, According to New Report by Global Industry Analysts, Inc
Competition in the carbon and graphite products market is intense, particularly with regard to price, quality and service. Producers of graphite have regained their pricing power on account of global consolidation by numerous graphite electrode producers. Carbon products find application in areas including steel and aluminum production, glass making, aerospace industry, nuclear power, and electronics...
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