Lundin Mining Corporation: Tenke Project Update

Lundin Mining Corporation is pleased to provide an update on the Tenke Fungurume Copper/Cobalt Project, in Katanga Province, Democratic Republic of Congo. Lundin Mining holds a 24.75% interest in Tenke Fungurume. The project is under construction by operating partner Freeport-McMoRan Copper & Gold Inc. (“Freeport”). Upon completion of this first phase of Tenke development, the mine... 

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Mining sector sees stronger year ahead on brisk investments

THE mining industry expects to make a strong comeback this year driven by brisk investments, keen interest from major global players, higher commodity prices and more stable investment policies in place, a top industry official said. “We’re off to a good start this year,” said Benjamin Philip Romualdez, president of the Chamber of Mines of the Philippines. The industry had suffered... 

Tag: eramen minerals, romualdez mining, cvmr and philippine mining

GPNL SIGNS HEADS OF AGREEMENT TO SECURE SOURCES OF NICKEL ORE

Gladstone Pacific Nickel Limited (ACN 104 261 887) (”GPNL” or the ”Company”) is pleased to report the signing of a binding Heads of Agreement that secures substantial long-term limonite nickel ore supply from New Caledonia. GPNL has entered into the heads of agreement with Sociã©tã© des Mines de la Tontouta (”SMT”), a company that owns nickel ore mines... 

Inco’s offer for Falconbridge fails

Canadian nickel miner Inco Ltd. said Friday its $17.3 billion bid for rival Falconbridge Ltd. has failed and the company is “moving on,” marking an apparent victory for Anglo-Swiss mining company Xstrata PLC in its hostile attempt to take over Falconbridge. Inco said not enough Falconbridge shares were tendered by midnight Thursday, and it has instructed depositary CIBC Mellon Trust Co.... 

EU Regulators OK Inco Bid for Falconbridge

EU regulators on Tuesday cleared Canadian company Inco Ltd.’s $15 billion purchase of Falconbridge Ltd., a deal that would create the world’s largest nickel producer, but joined U.S. regulators in ordering Falconbridge to sell off a Norwegian nickel refinery. Canada’s Falconbridge is at the center of a bidding war between Inco’s ‘friendly’ cash-and-stock offer and...