Joy Global Inc. Announces Completion of Wuxi Shengda Acquisition

Joy Global Inc., a worldwide leader in high-productivity mining solutions, announced that its wholly-owned China Mining Machinery subsidiary has completed the acquisition of 100% of the outstanding shares of Wuxi Shengda, a Chinese manufacturer of longwall shearing machines, for $22.0 million excluding closing costs. Wuxi Shengda provides the Company with a foothold in the China market for domestic... 

IFC Provides Financing to Peru’s Oil and Gas Industry Amid Global Credit Crisis

IFC, a member of the World Bank Group, has disbursed a $15 million loan to BPZ Exploración y Producción SRL, supporting a growing Latin American oil and gas company in making use of Peru’s natural resources during a time of tight credit markets. BPZ Exploración y Producción is a Peruvian subsidiary of BPZ Resources, Inc. As the global financial crisis has made raising money difficult for the... 

Tag: gasification santa barbara, esperanza chile mining

Thousands disregard market turmoil, register to bid at Ritchie Bros.’ Edmonton auction

More than 5,700 people from 19 countries registered to bid on-site and online at the most recent Ritchie Bros. Auctioneers auction in Edmonton, Alberta (on October 29 – 31, 2008). Ritchie Bros., the world’s largest industrial auctioneer, sold almost 4,200 used and unused equipment items over three days, generating gross auction proceeds in excess of CA$49 million (US$41 million). The auction... 

Tag: construction materials auction in edmonton, mining equipment edmonton alberta area

Rio Tinto Alcan successfully completes rehabilitation of Pramont industrial residue disposal site

Rio Tinto Alcan has successfully completed its rehabilitation of the Pramont industrial residue disposal site in the Valais region, which is now integrated into a regional framework for environmental protection on the left bank of the Rhone River between Sierre and Granges, Switzerland. “This rehabilitation is the outcome of eight years of hard work and regional collaboration, of which we are... 

Landmark Labour Agreement Advances Rio Tinto Alcan Kitimat Modernization Project

Rio Tinto Alcan marked the signing of a one-of-a-kind labour agreement with sixteen labour unions for the construction of the Kitimat Modernization Project at a ceremony in Vancouver. This agreement between the Kitimat Modernization Employer Association and the unions facilitates access to the qualified British Columbia building trades workforce, with joint commitments to local and First Nations hiring. “As... 

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Joy Global Inc. Announces the Acquisition of Wuxi Shengda

Joy Global Inc., a worldwide leader in high-productivity mining solutions, announced that China Mining Machinery, the Company’s wholly-owned subsidiary, has entered into a definitive agreement to acquire 100% of the outstanding shares of Wuxi Shengda, a Chinese manufacturer of longwall shearing machines, for $22.0 million, excluding closing costs. Wuxi Shengda primarily serves the markets for... 

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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Oromin Announces Prospective Oil Resources at Its Santa Rosa Prospect in Argentina

Oromin Explorations Ltd. is pleased to announce the receipt of an independent report (the “Santa Rosa Evaluation”) from Aeon Exploration Inc. of Calgary, Alberta (“Aeon”) that provides an evaluation of prospective resources with respect to its 100% owned CCyB-9 Santa Rosa exploration permit and exploitation concession on a property located in the Cuyana Basin in the Province... 

Tag: oil prospect report, ilnycky calgary

Gabonese hope for windfall as Chinese develop iron ore deposit

BELINGA, Gabon: The pygmies of Gabon’s lush northeast equatorial forests may soon be learning Chinese. Buried deep in thick jungle in the least populated corner of the oil-producing central African state is one of the world’s biggest untapped reserves of iron ore, waiting to be developed. But the country selected by Gabon to help exploit the huge Belinga iron ore deposit is not former colonial... 

Tag: belinga iron mine largest in the world, konkola copper mines, belinga gabon nov 2009

Maxy Gold Corp and Western Mining China Group unveil the high potential “Huangnan” Copper-Gold Property as the first property of their strategic alliance

Maxy Gold Corp. announced that Maxy and China’s Western Mining Group (“Western Mining”) have entered into a formal Joint Venture (JV) Agreement on the “HUANGNAN” Copper-Gold Project, located in Qinghai Province, China. This is the first Property incorporated under their Strategic Exploration Alliance Agreement announced on October 4th 2006. Maxy has signed four letters...