Giant miner Xstrata has set Sep. 7 as the day for its shareholders to vote on the $26 billion takeover by Glencore, giving the commodities trader six weeks to reach an agreement on the conditions.
Vancouver junior, North American Nickel (CVE:NAN), said that its Greenland property is the remains of a gigantic, three-billion-year-old meteorite impact, and displays a similar geological formation found in the Sudbury Basin.
Codelco possess 9% of the world's known copper reserves and the A+ rating reflects Codelco's total ownership by the Government of Chile and its strategic importance to the country.
Canadian miner Teck Resources has temporarily withdrawn the Social and Environmental Impact Assessment application for its $5.6 billion Quebrada Blanca II expansion project in northern Chile.
Despite the recent deadly and divisive disputes over mining projects in Peru, London- based mining giant Anglo American says it hopes to begin construction of its $3 billion Quellaveco copper project in the country as soon as possible.
In a move to produce an extra 4.6 million tonnes per year, Xstrata Zinc announced plans to extend the life of its zinc mine another 100 meters below surface level.
Ontario-based MFS Systems (2007) Inc. said its cooling equipment could help large companies such as Chile’s copper producer Codelco and molybdenum processor Molymet increase their profits while maintaining high environmental standards.
