Inco Ltd., the world’s second-biggest nickel producer, won European antitrust approval to acquire rival Canadian mining company Falconbridge Ltd. for C$19.5 billion ($17.6 billion) after agreeing to sell a Norwegian refinery.
“I am satisfied that the remedies will allow the emergence of a fully fledged competitor and at the same time preserve competition in the nickel [...]
Spot Australian thermal coal prices edged higher over the past week, driven by lingering supply shortfalls after Colombian mine strikes and a local port bottleneck caused by railway maintenance and softer production.
Thermal coal, used for power generation, rose 58 cents or 1.1 percent to $52.33 per tonne in the week ending June 30, the globalCOAL [...]
Everbest Century Holdings Ltd. said on Tuesday it has agreed to buy coal mines in China’s Henan province for HK$443.7 million (US$56.9 million) from Dragon Rich Resources Ltd.
Of the purchase price, HK$307.9 million will be covered by a promissory note, HK$87 million with cash, HK$28.8 million by issuing consideration shares, and HK$20 million with the [...]
Inco Ltd., the world’s second-biggest nickel producer, won European antitrust approval to acquire rival Canadian mining company Falconbridge Ltd. for C$19.5 billion ($17.6 billion) after agreeing to sell a Norwegian refinery.
“I am satisfied that the remedies will allow the emergence of a fully fledged competitor and at the same time preserve competition in the nickel [...]
Prices are right for Birch Lake initiative with promise of jobs, but critics say environment will pay heavy cost
Beneath the ground at a Birch Lake mining site near Babbitt are a lot of non-ferrous minerals — copper, nickel, platinum, palladium, even a bit of gold.
They are minerals in demand in a mushrooming global economy. They [...]
China plans to start construction of 12 new key projects with a total investment of 165.4 billion yuan (20.68 billion U.S. dollars) in its undeveloped west, industrial watchdog has said.
; The National Development and Reform Commission (NDRC), the country’s industrial watchdog, made public on Friday the 12 new projects.
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Convergys Corp., a provider of outsourced business services, said Thursday it boosted its human resources business process outsourcing business in the Asia Pacific region with the addition and expansion of several centers.
The company either opened new centers or expanded existing ones in Kuala Lumpur, Malaysia; Bangalore, India; Dalian, China; and Singapore. The facilities add to [...]
China National Offshore Oil Corp (CNOOC) said it has started operations at the largest offshore oil engineering base in Asia, located in the eastern province of Shandong.
In a statement on its website, CNOOC said unit Offshore Oil Engineering Co (SHA 600583) has built the first phase of the offshore engineering facility with a total investment [...]
China, the world’s biggest energy user after the U.S., raised power prices for households and companies today to counter rising coal costs that are eroding earnings at the nation’s electricity generators.
Prices increased by an average of 0.025 yuan per kilowatt-hour, the National Development and Reform Commission, the nation’s top economic planner, said in a statement [...]
India is formulating a new mining policy aimed at attracting foreign investment of Rs.1 trillion ($21.5 billion) and creating 500,000 jobs by 2011, a central minister said Thursday.
“The government intends to come out with a new policy because the existing mining policy of 1993 has become old and contains stringent provisions that restrict investors to [...]
