On November 13, 2008 Centenario Copper Corporation reported that it had received the consent of the lenders under the Franke Credit Facility, to repurchase a portion of the 2010 copper hedge book to yield $26 million in net proceeds. On November 19, 2008, all relevant documentation was completed, and the Company repurchased 30.2 million pounds [...]
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 [...]
Golden Band Resources Inc. (GBN: TSXV) reports that it has signed a Memorandum of Understanding (MoU) with the Bureau of Geology and Mineral Exploration of Anhui Province, Peoples Republic of China (Anhui Geology). Contemplated under the MoU are exploration-stage gold projects that Anhui Geology may elect to participate in under business relationships that would be [...]
Wits Basin Precious Minerals Inc. announced today that London Mining Plc and Wits Basin have entered into definitive terms for the formation and operation of a 50/50 joint venture company which will own all the issued shares in China Global Mining Resources Ltd. (“CGMR”). CGMR, currently a wholly-owned subsidiary of Wits Basin, holds the rights [...]
Sparton Resources Inc. announce that its 60% owned Chinese joint venture company , Yunnan Sparton New Environ Tech Ltd. has signed a Letter of Intent with the Fourth Institute of Nuclear Engineering for the final engineering design and construction of a bulk sampling plant to finalize a production flowsheet for processing uranium bearing waste coal [...]
Arehada Mining Limited announced that it has initiated a temporary shut down of its operations at its mine and zinc plant.
Arehada China has made dramatic reductions in its operational costs and other expenditure over the last several months. However, current zinc and lead prices have made the mine and zinc plant unprofitable. Accordingly, the operations [...]
AVEVA, the leading supplier of engineering IT systems for the plant and marine industries, today announced further expansion into Latin America with the opening of AVEVA do Brasil in Rio de Janeiro. This office, the latest in AVEVA’s expanding global platform, will provide premium product solutions and support for its growing customer base in Brazil, [...]
Laredo Petroleum, a rapidly growing independent oil and gas company with headquarters in Tulsa, Oklahoma, today announced that it has closed a second round of equity financing of up to $300 million with Warburg Pincus LLC, the global private equity firm, along with Laredo Petroleum’s senior management team. Funding of this line of equity will [...]
The Timken Company announced that metals and mining company, Companhia Vale do Rio Doce (Vale), awarded Timken with a contract for 600 Timken® AP-2™ rail-car bearings. The bearings are for Vale’s Class K freight cars, which are used to transport iron ore from Vale’s mine sites across South America for export into China.
Designed to reduce [...]
Dutton Associates initiates coverage of China Armco Metals with a Strong Speculative Buy rating and a price target of $6.48. The 22-page report by Dutton senior analyst Stanley Ng is available at www.duttonassociates.com as well as from First Call, Bloomberg, Capital IQ, FactSet, Reuters, and other leading financial portals.
China Armco is principally engaged in [...]
