Xstrata to create world’s biggest zinc mine
Xstrata has approved a $360 million expansion for its McArthur River mine in Australia’s Northern Territory which will make the project the largest producer of zinc in the world.
Xstrata has approved a $360 million expansion for its McArthur River mine in Australia’s Northern Territory which will make the project the largest producer of zinc in the world.
Elite Atmospheric Air Quality Modelling & Forecasting and Climate Change Research Consultants ™) launches globally its newest ground-breaking dust control technology: DustFinder+ ™
The Vancouver-based miner inked a deal with a Zambian firm for a new mine on Monday adding to its already ambitious expansion plans totalling $3.7 billion which includes building one of the world's largest copper smelters.
Record low gas prices in North America will result in BHP Billiton (NYSE:BHP) taking an impairment of US$2.84 billion (before tax) against the carrying value of the Fayetteville shale gas assets acquired from Chesapeake Energy in February 2011.
LME's warehousing operations "have been dogged by controversy since big banks and trading houses including Goldman Sachs and JP Morgan Chase bought warehousing operations."
The stock hit a high of $50 in May 2008 and came close again in April 2011, but at $170 billion, the Melbourne-based company is now valued at some $80 billion less that at its peak.
After adjusting for seasonality, the reading shows that the manufacturing sector is actually improving, thanks to the slew of stimulus measures implemented by the Chinese government.
It was supposed to be gone this fall, but the Canadian penny is getting a reprive due to concerns of retailers who are worried about making the transition right before the busy holiday season.
Examples: Worldwide orders for dry-bulk vessels dropped 49% to 9.8 million deadweight tons in the first half of 2012. The monthly index of new-ship prices in China is now at its lowest point since March 2004.
Anglo has agreed to acquire a 58.9% interest in the Mozambique-based Revuboè coal project. The Revuboè project is currently a joint venture that includes Nippon Steel Corporation, and POSCO.