Brazilian mining giant, Vale SA, became the latest casualty of China's economic slowdown on Wednesday as its second-quarter profit fell almost 60% driven mainly by a weaker demand for iron ore coming from the Asian country.
NGEx reports it has found intersects 0.55% copper equivalent over 1,014 metres at Los Helados copper-gold porphyry project, Chile.
The latest issue of International Mining Project News, out today, has reports from the past two weeks on 15 prefeasibility studies, 11 feasibility studies, 39 projects in development, two new mines that have gone into production, six existing mines that are expanding, three merger and acquisition announcements and many new appointments to new positions.
VANCOUVER, July 19, 2012 /CNW/ - Northern Vertex Mining Corp. (TSX.V:NEE) (OTCQX:NHVCF) is pleased to announce additional assay results from historic underground workings at the Moss Gold-Silver
A wildcat strike by construction workers at Vale SA's Long Harbour nickel processing plant in Eastern Canada dragged into its fifth day on Monday, with hundreds of union members refusing to enter the job site in protest over wages.
Diamond drilling on the company's Timok Project in eastern Serbia has intercepted copper and gold mineralization, including 266 meters grading an average of 1.23% copper equivalent from 598 to 864 meters.
Brazilian billionaire André Esteves has teamed up with Roger Agnelli, kicked out of iron ore giant Vale by government shareholders last year, to create their own mining company with an initial investment of $520 million.
Vale, the world's second-largest mining company, sold its ferromanganese plants in Europe to Glencore International for $160 million, as it seeks to help finance core investments in iron ore, coal and nickel.
Brazilian mining giant Vale SA confirmed Tuesday its plans to issue euro-denominated overseas bonds.
The giant Brazilian mining company's project entails the expansion of mining operations and a processing plant at the Carajas mining complex.