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Aluminum cans mining

Aluminium losing battle against oversupply

Excess capacity in aluminium smelting will drag on for years to come, even while losses weigh on producers, as political pressures in China and Russia to keep jobs and push self-sufficiency prevent or delay plant closures.
Reuters | February 10, 2012 | 10:22 pm

Pershimco Resources Inc Announces CAD20,000,000 Bought Deal Financing

Pershimco Resources Inc. (TSX VENTURE:PRO)(FRANKFURT:BIZ) ("Pershimco" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate co-led by Clarus Securities Inc. and GMP Securities L.P., and including PowerOne Capital Markets Limited and Jennings Capital Inc. (collectively, the "Underwriters"), to purchase, on a bought deal private placement basis, 20,000,000 common shares of the Company at a price of C$1.00 per common share, for aggregate gross proceeds of C$20,000,000.
Reuters | February 8, 2012 | 4:51 pm

China secures Kalahari, paves way for Extract bid

China Guangdong Nuclear Power Corp (CGNPC) declared its offer for Kalahari Minerals unconditional on Friday, paving the way for it to launch a takeover bid for Extract Resources, owner of one of the world's largest uranium mines.
Reuters | February 4, 2012 | 12:55 am

Santander, BBVA close commodities trading desks

Spain's two largest banks, and Santander and BBVA are closing their commodities trading units to focus on core business, a spokesman and a source said, which will lead to about 15 job losses in all.
Reuters | January 31, 2012 | 1:23 pm

BHP sees record iron ore output

BHP Billiton (BHP.AX) (BLT.L), the world's biggest mining company, forecast record iron ore production this year after quarterly output jumped by a fifth, shrugging off predictions that growth in top buyer China will slow this year.
Reuters | January 18, 2012 | 7:14 am

Copper hits 2-month high as EU debt fears ebb

Copper rose to its highest level in more than two months on Thursday, boosted by the euro's strength against the dollar and a Spanish bond auction that drew strong demand, easing some immediate concerns about peripheral euro zone debt.
Reuters | January 13, 2012 | 12:32 am

German mine for rare earths to be developed

German mining and commodity group Deutsche Rohstoff AG said on Wednesday it will develop mining operations in east Germany to exploit estimated deposits of 38,000 tonnes of rare earths.
Reuters | January 12, 2012 | 7:36 am

Gold hits 4-week top on Europe woes, Asia demand

Gold hit a four-week high and broke above a key resistance on Wednesday, defying a stronger dollar, as the festering euro zone debt crisis lured investors to its safety and signs of strong demand from the world's top two consumers also supported.
Reuters | January 12, 2012 | 7:32 am