Copper $ 4.72 / lb -0.83%
Brent Crude Oil $ 62.08 / bbl 0.36%
Palladium $ 973 / ozt -0.87%
Crude Oil $ 58.85 / bbl -0.22%
Natural Gas $ 3.556 / Btu 1.98%
Silver Futures $ 33.175 / ozt -0.88%
Aluminum Futures $ 2287.25 / ton -1.72%
Micro Gold Futures $ 3412.9 / ozt -1.67%
Micro Silver Futures $ 33.19 / ozt -0.67%
Platinum $ 986.9 / ozt -0.52%
Gold Futures $ 3388 / ozt -1.74%
Go to MDC Markets

Arab League injection earns Texas miner $107m windfall

Frik Els | July 06, 2011 | 5:58 pm Base Metals Precious Metals Copper Gold Silver 

Arabian American Development Co. announced on Wednesday that the Arab Mining Company (ARMICO) has invested US $37.3 million, acquiring five million shares, or 10% interest in Al-Masane Al-Kobra Mining Company (AMAK). This capital provides AMAK with the financing necessary to...

Mining.com Recommends