Posts by Business Wire Natural Resources News:

Joy Global Inc. announces receipt of approval for strategic investment in China-based International Mining Machinery Holdings Limited

MILWAUKEE--(BUSINESS WIRE)-- Joy Global Inc. (NYSE:JOY) ("Joy Global") a worldwide leader in high productivity mining solutions today announced that it has received approval from the Anti-monopoly Bureau of the Ministry of Commerce of the People's Republic of China for its planned purchase of International Mining Machinery Holdings Limited (HKSE:1683) ("IMM"), a leading designer and manufacturer of underground mining equipment in China. These shares represent approximately 41.1% of the outstanding common stock of IMM.
Business Wire Natural Resources News | December 22, 2011 | 8:48 pm

Patriarch Partners acquires Hussey Copper LTD

NEW YORK, Dec 16, 2011 (BUSINESS WIRE) -- Patriarch Partners, LLC ("Patriarch"), a New York based private equity platform holding 76 companies today announced the acquisition of Hussey Copper, LTD ("Hussey"), a global leader in copper bus bar, and other copper product manufacturing. The 163 year old company operates manufacturing facilities in Leetsdale, PA and Eminence, KY with approximately 550 employees.
Business Wire Natural Resources News | December 16, 2011 | 2:52 pm
Joy Global

Joy Global Inc. announces fourth quarter and fiscal 2011 year-end operating results

MILWAUKEE--(BUSINESS WIRE)-- Joy Global Inc. (NYSE: JOY), a worldwide leader in high-productivity mining solutions, today reported fourth quarter and full year fiscal 2011 results. Fourth quarter bookings increased 33 percent to $1.4 billion in fiscal 2011, compared to the fourth quarter of last year. Operating income increased 31 percent to $296 million on a revenue increase of 27 percent to $1.3 billion.
Business Wire Natural Resources News | December 14, 2011 | 8:00 pm

Omineca Mining and Metals and Sierra Madre Developments Announce Signing of an Option to Purchase the Harrison Gold Property

Management of Omineca Mining and Metals Corp. (Omineca)(TSX-V:OMM) is pleased to announce that the Company has signed an Option to Purchase Agreement with Sierra Madre Developments Inc. (Sierra Madre)(TSX-V:SMG) whereby Sierra Madre may acquire a 100% interest in the Harrison Gold Project (also referred to as the Abo project) located in south western British Columbia.
Business Wire Natural Resources News | November 21, 2011 | 8:22 pm

Texas Rare Earth Resources contracts Gustavson Associates, LLC to perform scoping study at Round Top Heavy Rare Earth Project

DENVER & SIERRA BLANCA, Texas--(BUSINESS WIRE)--Texas Rare Earth Resources Corp. (OTCQB:TRER), a heavy rare earths exploration and development company, today announced that Gustavson Associates, LLC, a subsidiary of Walsh Environmental Scientists and Engineers and its parent company, Ecology and Environment, Inc. (NASDAQ: EEI) has been contracted to perform the scoping study at the Round Top Rare Earth project in Texas. Gustavson has more than 29 years experience in the mining business, specializing in minerals and hydrocarbon exploration, production, and evaluation.
Business Wire Natural Resources News | November 10, 2011 | 11:00 am
Silver bars

Hecla reports 183% increase in third quarter 2011 net income

COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (“Hecla”) (NYSE:HL) today announced third quarter net income of $55.8 million, or $0.20 per basic share, and earnings after adjustments applicable to common shareholders of $35.4 million or $0.13 per basic share.1 Third quarter silver production was 2.3 million ounces at a cash cost of $0.67 per ounce, net of by-products.2 “From this quarter, we are poised to grow production 50% over the next five years.”
Business Wire Natural Resources News | November 8, 2011 | 1:00 pm

Hecla declares first quarterly silver price-linked common stock dividend and preferred dividend

COEUR D’ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (“Hecla”) (NYSE:HL) today announced its Board of Directors has declared the first quarterly silver price-linked dividend under Hecla’s recently announced silver price-linked dividend policy. The declared dividend is $0.02 per share of common stock, for a total amount of approximately $5.6 million, based on an average realized silver price of $37.02 in the third quarter 2011.
Business Wire Natural Resources News | November 8, 2011 | 1:00 pm

Texas Rare Earth Resources receives approval by the Texas General Land Office to expand its exploration efforts at Round Top

DENVER & SIERRA BLANCA, Texas--(BUSINESS WIRE)--Texas Rare Earth Resources Corp. (OTCQB:TRER), a heavy rare earths exploration and development company, today announced that its supplementary operating plan to expand exploration activities at the Round Top project has been approved by the Texas General Land Office (GLO). Independently published data indicates the property may contain approximately 1.6 billion metric tons of rhyolite host rock, containing rare earth minerals with potentially a 70% ratio of heavy to total rare earth minerals.
Business Wire Natural Resources News | November 8, 2011 | 11:00 am