Mechel OAO, one of the leading Russian mining and metals companies, announces the acquisition of three Komatsu AFE 830E mine dump trucks at its Yakutugol OAO coal mining subsidiary as part of its capital investment program.
The mine dump trucks, with carrying capacity of 220-tonnes, will be used for overburden transportation. The new mine machinery was [...]
Alcoa announced today that the Alcoa Board of Directors has elected Kurt Waldo, 53, as Vice President and General Counsel, responsible for leading Alcoa’s global legal team. He had been Deputy General Counsel with responsibility for the antitrust, merger, acquisition and divestiture practice areas.
Alcoa also announced that Jake Siewert, 44, has been named Vice President, [...]
As America’s top financial officials updated Congress on their proposed $700 billion plan to rescue the stressed financial markets, oil prices stabilized, for now, towards the $100 a barrel mark today after rising rapidly on Monday. Emerging market experts, tracking the fluctuating prices, were generally optimistic on the long-term stability of energy-heavy economies such as [...]
Today, the President of the Russian Federation, Dmitry Medvedev, and the President of the Republic of Kazakhstan, Nursultan Nazarbayev, officially opened Mechel’s mining and processing plant at the Voskhod chrome ore deposit in the Aktyubinsk Region, Kazakhstan. The official opening ceremony took place during the exhibition held as part of a Forum for the leaders [...]
High River Gold Mines Ltd. would like to comment on the large share transaction volume and consequent share price decline resulting from trading late on Friday September 19, 2008. The Company believes that the share price decline was related to High River’s deletion from several S&P/TSX indices, and the resulting selling by index funds.
On September [...]
Northern Offshore, Ltd. announced that the jackup Energy Enhancer was awarded a contract with SPD Limited to drill a well in the U.K. North Sea. The contract award is for an estimated 45-60 days with a contract value of approximately US$9-12 million.
The drilling contract, which will follow in direct continuation to the rig’s current contract [...]
Kinross Gold Corporation announced today that it has taken up and paid for an additional 15,165,279 common shares of Aurelian Resources Inc. following the extension of Kinross’ previously announced offer to acquire all of the issued and outstanding common shares of Aurelian, dated July 28, 2008, since the initial expiry date of September 3, 2008, [...]
Mechel OAO, one of the leading Russian mining and metals companies, announces that it has launched the initial project stages to construct a specialized coal transshipment complex at Vanino Port (Vanino SCTC), Khabarovsk Krai, Russia.
The specialized coal transshipment complex at Vanino SCTC is an integral part of the Neryungrinsky and Elga coal deposits development project. [...]
Bekem Metals Inc. announced that it has completed initial pilot testing of various technologies for processing nickel ore from its Kempirsai deposit. The testing was conducted in the United Kingdom, Russia and Kazakhstan. The Company has also received final pre-feasibility study reports (PFS).
The Company has spent the past several years analyzing and pilot testing a [...]
Kinross Gold Corporation announced today it has been successful in its bid to acquire Aurelian Resources Inc. under its previously announced offer. A total of 108,524,181 common shares of Aurelian were validly deposited at the expiry time of the offer. Kinross now owns a total of 123,524,181 common shares of Aurelian. At the time of [...]
