A 32-year-old Ukrainian oligarch is planning to launch his $2bn (£1.01bn) iron ore mining group on London’s main market next month. The flotation will be the first full UK listing for a company from the former Soviet republic.
Konstantin Zhevago plans to raise around $500bn by selling a quarter of his holding in Ferrexpo, a mining [...]
Info Resources (Sugar Land, Texas) is pleased to announce the release of the new North American Coal-Fired Power Plant Industry Wall Map. The map displays demographics on over 600 operating coal-fired power plants in North America. In addition to identifying utility scale power plants, the map also lists industrial power producing power plants at synthetic [...]
CRUDE oil processor, Agumil Phils. Inc., is expected to start putting up its P360 million refinery in the Autonomous Region in Muslim Mindanao (Armm) within the year, a senior investments official said.
Agumil, a joint undertaking of Malaysian and Filipino investors, has applied with Armm’s Board of Investments in March 2006 and was subsequently issued registration [...]
BioProgress plc, the speciality pharma and healthcare company, and Magenta Oral Dose Design, a business unit of FMC Corporation, are pleased to confirm the finalization of the restructuring agreements regarding the licensing of NRobe technology.
BioProgress and FMC have agreed to restructure their licensing partnership to more accurately reflect the intended market strategy for the NRobe [...]
Shandong Gold Mining has approved the sale of as many as 100 million yuan-denominated shares to buy five mines from its parent, Shandong Gold Mining Group.
The company, the second-largest listed miner of the metal in China, will sell the stock to ten investors, including its parent, which will buy at least half of the shares [...]
London equities made further progress on Thursday as the London Stock Exchange intensified its attempt to fend off Nasdaq’s hostile bid and the mining sector tracked commodities prices higher.
The FTSE 100 opened 0.5 per cent higher at 6,237.5, a gain of 33 points, dominated by resurgent resource stocks. A flurry of newsflow from mid-cap stocks [...]
The FTSE moved higher on Thursday as mining stocks tracked commodities prices higher.
By late morning, the FTSE 100 was up 26.2 points, or 0.4 per cent, to 6,237.5 while the mid-cap FTSE rose 29.8 points, or 0.3 per cent, to 11,124.1.
Overnight, the US Dow Jones Industrial Average closed little changed at 12,577.2 while in Asia, [...]
McGraw-Hill Cos. division Standard & Poor’s, a provider of financial services, said Wednesday natural gas distributor Spectra Energy Corp. will replace software maker Parametric Technology Corp. in the benchmark S&P 500 Index.
Parametric Technology will move to the S&P MidCap 400 to replace Pier 1 Imports Inc., a home furnishings retailer which, with a market capitalization [...]
Miners were in the spotlight today, as platinum prices climbed 11% in early trading to a record high, before later giving back some of their gains.
Dealers said the platinum market was small compared with gold and silver, and was very illiquid, leading to volatile price movements.
Part of the rise today was due to increasing demand [...]
European mining stocks rose as gold climbed to a two-month high in Asia and copper prices gained. Anglo American Plc and BHP Billiton, the world’s biggest mining companies, paced the advance.
Alcatel SA led export stocks lower after the dollar dropped against the euro. GlaxoSmithKline Plc paced a decline by drugmakers for a third day.
The Dow [...]
