Rockwell Diamonds Inc. has completed the private placement of the recapitalization financings they announced in December 2009, having raised C$8.6 million (US$8.1 million), the company announced Tuesday.
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Opec’s secretary-general Abdullah El-Badri said today compliance with the group’s production targets fell to between 50% and 56% last month compared with 80% a year ago.
CANBERRA -(Dow Jones)- Australian lawmakers late Tuesday approved legislation that will tighten the country’s foreign investment rules to prevent foreign investors from using complex takeover arrangements to bypass takeover rules to gain control of an
BOOM TIME: The Newmont Boddington Gold mine, an expanding gold and copper mine located near town of Boddington, 130km south east of Perth. Picture: Marie Nirme Source: PerthNow NEWMONT Mining Corp has added a second behemoth asset to its gold mining
Feb. 3 (Bloomberg) — Outokumpu Oyj, the Finnish stainless steelmaker, dropped the most in more than three months after posting a 7 million-euro ($9.8 million) fourth-quarter loss and saying it doesn’t see any “major improvement” in demand. The
Gold futures edged lower on Wednesday morning weighed by a stronger rupee, which makes the dollar-quoted asset cheaper, as investors waited US jobs data on Friday for direction, analysts said. The most-traded April gold contract was 0.27 per cent lower
WASHINGTON — President Barack Obama is meeting with governors from coal-producing states, hoping to earn their support for a languishing energy bill and to bolster his image as a leader willing to work with Republicans as well as Democrats. Obama
Alcoa (NYSE:AA) announced today a re-alignment of its Engineered Products and Solutions (EPS) business to accelerate its growth. The EPS business is composed of Alcoa units that serve the aerospace, automotive, commercial transportation, building and
Cape Town Global diversified miner Anglo American was well on course to achieve its 2bn cost savings target by next year as it sought to turn the company around and restore shareholder value, CEO Cynthia Carroll said yesterday. Speaking at the Mining
Schnitzer Steel Industries, Inc. (SCHN) was the target of a short call spread today, with one speculator attempting to turn a profit on an expected pullback in the shares. Around 1:00 p.m., the stock’s February 50 call saw a block of 132 contracts cross
KIMBERLEY – Diamond mining giant De Beers would continue to run its business with its guard up , said De Beers Consolidated Mines (DBCM) MD David Noko, who cautioned against being overly optimistic about the recession being over.The De Beers Dia
Johannesburg THE looming coal crisis facing Eskom, and growing global demand for the fuel, presents a golden opportunity for local coal miners to increase production or develop new mines, analysts Frost & Sullivan said this week. ‘Coal-mining companies
CAPE TOWN, Feb 3 (Reuters) – Canadian mid-tier gold miner IAMGOLD Corp (IMG.TO: Quote) plans to lift its gold production to about 1.0 million ounces in 2010 from 939,000 ounces last year after starting operations at a new mine in Burkina Faso, it said on
HONG KONG: Asian stocks rose on Wednesday, taking a lead from Wall Street’s rally following strong corporate results, but Toyota was hit by poor US sales and news of fresh problems with its most popular car. Strong corporate data from some of the United
ABIDJAN, Cote dâIvoire, Feb. 3 /PRNewswire/ — At a ceremony held in Abidjan, the World Cocoa Foundation today announced the launch of the Cocoa Livelihoods Program (CLP) in Cote d’Ivoire. The program, first announced in February 2009, funded by the
EST awillis@globeandmail.com It’s time to update your oil sands vocabulary. As deal-making heats up in the Alberta hinterland, analysts are starting to pay attention to a whole new crop of energy companies. To date, established domestic companies such
Feb. 2. Memo to Don Martin and the rest of you Easterners: Mind your own business. The Alberta oil sands are just that … Alberta oil sands. They constitutionally belong to the citizens of this province, not Canada or Canadians. If citizens of Ontario
Despite the inability of the U.S. Mint to acquire sufficient blanks, both gold and silver bullion coins smashed sales records due to unprecedented investor demand in FY 2009.
The group blames rainwater buildup for the drop in production
The once almost impenetrable brick wall to contemplate an uranium mining project in Western Australia was shown Wednesday to be a hurdle that can now be jumped.
Alcoa Inc. (NYSE: AA) is re-aligning its business unit that serves the aerospace, automotive, transit, construction and oil and gas markets in an effort to accelerate growth. With this move, the New York City-based aluminum maker also added two new chief