Falcondo Xstrata mines without permit, lawmaker says
La Vega province deputy Elpidio Infante on Wednesday said the company Falcondo Xstrata Nickel is exploiting Loma Miranda without the Environment Ministry permit.
La Vega province deputy Elpidio Infante on Wednesday said the company Falcondo Xstrata Nickel is exploiting Loma Miranda without the Environment Ministry permit.
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.
The meeting involved resignations and appointments to the board of directors and a reinstatement of the company's Shareholders Rights Plan.
As Papua New Guinea's sometimes shambolic elections drag on into a third week, already nervous miners with projects in the country would not have been encouraged by news of another miner falling foul of the country's authorities.
Xstrata has delayed voting on a merger with Glencore as investors continue to dictate the offer and unions become more vocal about their concerns over the deal.
Australia's antitrust regulator has decided it would not oppose commodities trader Glencore's $26 billion takeover of miner Xstrata.
The company reports on the acquisition of claims in the Ring of Fire area, changes of the board and the authorization of a new auditing group to fix remuneration.
Announce today Altius has signed a memorandum of understanding with Virginia mines, the two companies will cooperate on the base-precious metals project in Quebec and southern Labrador .
Knight Vinke is looking for a ratio of 3.25:1 similar to the demands of Qatar which last week pushed the $60 billion deal to the verge of collapse.
Western Areas NL ("Western Areas") (TSX:WSA)(ASX:WSA) is pleased to announce full repayment from cash reserves of the A$105.5m convertible bond issue expiring today. The repayment is consistent with guidance provided to the market over the last 12 months confirming the company's focus on maintaining a sound and stable balance sheet.