International Minerals to be Included in Swiss Performance Index (SPI) on Swiss Stock Exchange

International Minerals Corporation announce that it has been accepted for inclusion in the Swiss Stock Exchange (“SIX”) prestigious Swiss Performance Index (the “SPI”), effective August 24, 2009. IMZ is currently the only precious metal mining company listed on the Swiss Stock Exchange and the first ever gold company to be included in the SPI. In addition, IMZ is one of only 11 foreign companies... 

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Pala Commends Positive Steps Taken by Coalcorp

Pala Investments Holdings Limited commended the positive steps announced today by the board of directors of Coalcorp Mining Inc. to increase the independence and strength of the board. Coalcorp announced today that three of its current directors have resigned from the board and will be replaced immediately by two representatives of Pala, Jan Castro and Joseph Belan, and an independent director, Luis... 

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Constitution Mining Appoints New Chairman

Constitution Mining Corp. announces the appointment of Dr. Michael Stocker to serve as the company’s Chairman of the Board. The Board of Directors appointed Dr. Michael Stocker to serve as a member and Chairman of the board of directors. Dr. Stocker replaces Patrick Gorman as Chairman of the board of directors and Mr. Gorman will continue to serve as a member of the board of directors. Constitution... 

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Jaguar signs letter of intent with Glencore and Constellation Copper on proposed restructuring

Jaguar Financial Corporation announced that it has entered into a non-binding letter of intent with Glencore International AG and Constellation Copper Corporation for the purpose of carrying out a proposed restructuring of Constellation as disclosed by Constellation in its press release dated September 3, 2008. Under the Proposed Restructuring, Glencore and Jaguar will invest $10,000,000 in Units... 

Jaguar enters into letter of intent with Glencore and Majority of Debentureholders on proposed restructuring of Constellation Copper

Jaguar Financial Corporation announced it has entered into a letter of intent with Glencore International AG and certain holders of convertible debentures of Constellation Copper Corporation for the purpose of carrying out a proposed restructuring of Constellation. The parties to the LOI are Jaguar, Glencore and certain holders of Debentures owning in excess of two-thirds of the total principal... 

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Alba seeking $1bn payout from Alcoa

ALBA is seeking more than $1 billion (BD378 million) in damages from a US corporation it has accused of corruption, it has emerged. Court documents obtained by the GDN allege the company paid exorbitant prices for alumina, amounting to hundreds of millions of dollars and which continue to accumulate today. They state the ‘outrageous’ 15-year fraud was not discovered until last year because... 

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MiningWorld Central Asia 2007 and Kazcomak 2007 Exhibitions

On 19-21 September 2007, Almaty will host MiningWorld Central Asia 2007 and Kazcomak 2007 exhibitions in Pavilions 9B and 9A of Atakent KBCC as well as outdoors in front of the Pavilions. Over these thirteen years, MiningWorld Central Asia has become the largest mining and metallurgical forum annually providing venue for mining industry specialists, equipment manufacturers, and representatives. Kazcomak,... 

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Alcoa Sends Letter to Alcan Board Outlining Commitments to Quebec; Will Meet Requirements of Agreement between Alcan and Quebec Government

Alcoa Inc. announced that it has reviewed Alcan’s continuity agreement with the Government of Quebec which identifies the requirements that Alcoa must meet regarding Alcan’s future operations in the Province in order to maintain certain of Alcan’s hydroelectric and water rights. In a letter to Alcan’s Board of Directors, Alcoa outlined the many ways in which its offer to acquire... 

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Coal Surge Seen by Mobius as China’s Imports

Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history. Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring imports from Australia, Indonesia and Vietnam. “The coal sector in China... 

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Copper, Nickel Lead Metal Gains on Chinese Economic Growth

Copper rose the most in two weeks in London and nickel traded at a record for a seventh day after China, the world’s largest consumer of industrial metals, said its economy expanded at the fastest pace in 11 years. Gross domestic product in China expanded 10.4 percent in the fourth quarter from a year earlier, the National Bureau of Statistics said in Beijing today. The world’s fourth-largest...