On July 6, 2008, Inmet Mining Corporation announced that it intends to make an all-cash offer (the “Offer”) for all of the outstanding common shares of Petaquilla Copper Ltd. (the “Company”) (Toronto:PTC.TO) at a price of $2.00 per share.
Until the Offer is formally commenced and has been reviewed, the Board of Directors is unable to [...]
Profits at CVRD, the world’s largest iron ore miner, soared 28 percent in the fourth quarter amid seemingly insatiable global demand for the raw ingredient used to make steel, the company said Wednesday. The miner’s profits for all of 2006 rose 29 percent compared with the year before.
Companhia Vale do Rio Doce SA earned 3.4 [...]
Cia. Vale do Rio Doce, the world’s largest iron-ore producer, is considering changes to its $3 billion Goro nickel mine in New Caledonia as it studies plans to cut costs and deal with environmental concerns.
Chief Executive Roger Agnelli visited the French-controlled Pacific island territory last week, and met government and community leaders, spokesman Steve Mitchell [...]
Cia. Vale do Rio Doce, the world’s largest iron-ore producer, is considering changes to its $3 billion Goro nickel mine in New Caledonia as it studies plans to cut costs and deal with environmental concerns.
Chief Executive Roger Agnelli visited the French-controlled Pacific island territory last week, and met government and community leaders, spokesman Steve Mitchell [...]
High Ridge Resources Inc. announced that its recently incorporated Peruvian subsidiary, “Minera High Ridge Del Peru S.A.C.” has entered into a Memorandum of Understanding (MOU) to acquire an option on certain mineral claims located in central Peru.
The MOU grants Minera High Ridge Del Peru S.A.C.M the right to purchase 100% title to the [...]
Nickel hit a new record high of $35,700 a tonne on Wednesday as supply jitters resurfaced, while aluminium softened despite market fears of a potential squeeze, analysts said.
Aluminium for three-month delivery on the London Metal Exchange eased to $2,678 a tonne from Tuesday’s $2,681 close, while nickel ended up more than 5 percent at $35,500 [...]
The Indonesian unit of Canada’s Inco Ltd. said on Wednesday it was likely to meet this year’s nickel matte output target of 158 million pounds after rain helped replenish hydro-power reserves.
PT International Nickel Indonesia Tbk , said last week it may have to cut nickel matte production from Dec. 20 as dry weather had caused [...]
Five months after it launched a failed bid to buy two of Canada’s largest metals producers, Arizona’s Phelps Dodge Corp. was itself swallowed by smaller rival Freeport-McMoRan Copper & Gold Inc., a $26-billion (U.S.) takeover that was driven in part by a promising African venture between Phelps Dodge and a small Vancouver company.
The cash and [...]
Managers with Inco Ltd. are counting on luring homesick Newfoundlanders to solve a skills shortage for the construction of a nickel processing facility.
With skilled trades workers already in short supply - and the provincial job situation getting tighter because of much higher wages in Alberta - Inco admits that it will have a challenge filling [...]
Canadian stocks may struggle to build on this month’s rally as energy producers such as Petro-Canada may fall along with oil prices.
Losses in the market may be limited after Alcan Inc. and Rogers Communications Inc. reported earnings that exceeded analysts’ estimates.
The Standard & Poor’s/TSX Composite Index may also be supported by higher prices for industrial [...]
