Global Crossing, a leading global IP solutions provider, today announced that Minera Chinalco Peru, a subsidiary of the Aluminum Corporation of China (Chinalco) — a multinational polymetallic mining company — has acquired an extensive portfolio of technology and telecommunications solutions for the development of its copper megaproject Toromocho.
Minera Chinalco Peru is developing one of the [...]

Kalimantan Gold Corporation Limited has signed an Option Agreement with PT Indobara Pratama to bring the coal deposit on IBP’s 100%-owned coal KP into production and acquire up to an 80% interest in IBP. The project is permitted for production and the potential to be an open cut coal deposit. The work done on [...]

Freeport-McMoRan Copper & Gold Inc. announced in response to the recent sharp decline in molybdenum prices plans to reduce production from its Henderson primary molybdenum mine and to defer the restart of the Climax molybdenum mine.
Molybdenum markets have been strong in recent years, averaging $30 per pound in 2007 and $33 per pound in the [...]

Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, Coal Division, announced today that the company has received independent laboratory analysis of a recent bulk sample that confirms high volatile, high-fluidity metallurgical coking coal at the Mamahak coal project in East Kalimantan, Indonesia. SouthGobi owns 85% of the [...]

Mechel OAO, one of the leading Russian mining and metals companies, announces that it has signed a contract with Minmetals, one of China’s largest state-owned industrial corporations, to construct a rail and structural steel mill at its Chelyabinsk Metallurgical Plant OAO subsidiary.
The commercial agreement, signed today, is the first in accordance with the Memorandum of [...]

CONSOL Energy Inc.’s Board of Directors declared a regular quarterly dividend of $0.10 per share, payable on November 21, 2008, to shareholders of record on November 5, 2008.
CONSOL Energy Inc., a high-Btu bituminous coal and coal bed methane company, is a member of the Standard & Poor’s 500 Equity Index and has annual revenues of [...]

Rio Tinto is to invest an additional US$300 million in the modernisation of the Kitimat aluminium smelter in British Columbia, Canada, bringing the current project funding total to over US$500 million.
“The Kitimat Modernisation Project leverages two of our greatest competitive advantages - clean, self-generated hydropower and internationally renowned AP smelting technology. This investment continues construction [...]

Hidalgo Mining International, an innovative mining company headquartered in Port Washington, NY, announced today that it has completed its acquisition of gold-rich Fifa area properties in Guinea, West Africa. These latest acquisitions effectively expand Hidalgo’s gold mining project to encompass the entire area comprising the Fifa license, bringing the company’s total mineable area to twenty-five [...]

Kalimantan Gold Corporation Limited plans to raise up to $1,000,000 from a non-brokered private placement financing from the sale of up to 10,000,000 common shares at a price of $0.10 per share. The private placement is subject to compliance with applicable securities laws and to receipt of regulatory approval.
Rahman Connelly, Deputy Chairman and CEO of [...]

Kalimantan Gold Corporation Limited has completed the acquisition of the remaining 25% interest in its KSK Contract of Work that it did not already hold. This follows the recent receipt of approvals from the Indonesian regulatory authorities for the transaction that was initially announced on October 16, 2007.
Rahman Connelly, Deputy Chairman and CEO of [...]