Posts by Mineweb:

Zijin Mining planning $280m U.S. dollar-denominated bond issue

Zijin Mining Group Co Ltd said it plans a $280 million U.S. dollar-denominated bond issue, raising capital to acquire copper concentrate overseas for a smelter project of its unit. In a filing to the Hong Kong bourse on Tuesday, Zijin Mining said the bonds would have maturity of five years and a fixed interest rate of 4.25 percent per year during its term with interest payable semi-annually.
Mineweb | June 28, 2011 | 7:03 am

Gold and silver net longs rise week ended June 21 – CFTC

Money managers raised bullish bets in COMEX gold futures and options to the highest level since the week of April 24, as bullion climbed to within $20 of its record during the period, data from the Commodity Futures Trading Commission showed Friday.
Mineweb | June 26, 2011 | 6:32 pm
Most money pumped into gold ETFs since October 2012

Gold and silver net longs rise week ended June 21 – CFTC

Money managers raised bullish bets in COMEX gold futures and options to the highest level since the week of April 24, as bullion climbed to within $20 of its record during the period, data from the Commodity Futures Trading Commission showed Friday. Speculators in silver futures and options also upped their net long positions in the week ended June 21, as safe-haven demand for precious metals grew in response to disappointing economic data from the United States and persistent concerns surrounding Europe's debt crisis, according to the latest report from the U.S. regulator.
Mineweb | June 26, 2011 | 8:14 am

Alcoa shares rise on $1bn Airbus deal

U.S. aluminum producer Alcoa Inc (AA.N: Quote) said on Friday it won a multiyear contract worth about $1 billion to supply its new, lighter aluminum-based alloys for Airbus commercial aircraft. The news sent Alcoa stock up almost 1.8 percent to $15.55 in early trading on the New York Stock Exchange on a day when the broader market fell. Later in the morning, the shares were up 8 cents to $15.36. Image of an Airbus aircraft, operated by DHL, by Wikimedia Commons
Mineweb | June 24, 2011 | 7:43 pm
tahoe Resources q1

Golden Minerals to buy ECU in $309m reverse merger

Golden Minerals Co said it will buy Canada's ECU Silver Mining in a reverse merger for about C$302.5 million ($309.1 million) in stock and cash, to form a new silver mining company focused on Mexico and Argentina. Under the terms of the deal, ECU shareholders will get 0.05 common shares of Golden Minerals and about $0.000394 in cash for each share they hold.
Mineweb | June 24, 2011 | 7:31 pm

Ex-congressman must face copper project related corruption charges

Former Arizona congressman Richard Renzi must face public corruption charges over allegations that he coerced a mining company into buying land from one of his former business partners, a U.S. appeals court ruled on Thursday. Renzi was elected to the U.S. House of Representatives in 2002.
Mineweb | June 24, 2011 | 10:16 am

More retrenchments at Buffelsfontein

Another retrenchment shock has hit Buffelsfontein, trade union Solidarity said today. This follows after the gold company Simmer & Jack (Simmers) handed another section 189 notice to trade unions on Wednesday 15 June 2011 for the retrenchment of
Mineweb | June 24, 2011 | 9:39 am

GGG extends offer for Auzex Resources

GGG Resources plc (GGG) has today announced that it has extended its off-market takeover offer for all of the ordinary shares in Auzex Resources Limited (Auzex) so that it will now close at 5.00pm (Perth time) on 4 August 2011.
Mineweb | June 24, 2011 | 9:39 am