Lundin paying up to $78 million for 80% stake in Spanish copper mine
Europe-focused Lundin Mining has cut a deal for an 80% stake in a copper mine in northern Spain.
Europe-focused Lundin Mining has cut a deal for an 80% stake in a copper mine in northern Spain.
Using the dismal science to make forecasts and taking risks with real money are two very different things. And the Brazilian giant is definitely putting its money where its mouth is.
Fact - our reality is we’re living on a relatively small planet with a finite amount of reserves and a growing human population that wants an increase in their standard of living.
There are many reports on today’s new about a rant and rave by Fidel Castro on mining. Granted the old man is certifiably mad and that he runs a country supported by nickel mining and we can safely ignore all he says.
The $2.6 billion Qatari investment could provide Glencore CEO Ivan Glasenberg the necessary backing he needs to push through the deal which many Xstrata shareholders say sell them short.
Thermo Fisher Scientific Inc., announced it will showcase its Thermo Scientific Mining Sample Collection and Preparation Tool kits, comprising the Thermo Scientific Direct Rock Sampler Kit and the Thermo Scientific Electric Hammer Mill Kit, at AAPG 2012 on April 22-25, 2012, at the Long Beach Convention Center, Long Beach, California
The source of the surge in mining investment has been quite diverse, reflecting the widespread advance in prices. For 2012, gold leads the way with $3.6 billion of capital spending. But not far behind are copper-nickel-zinc mines at $3 billion, potash at $2.9 billion and iron ore at $2.7 billion as the Labrador Trough is developed.
Alcoa (NYSE: AA) announced today that the Company will reduce its annual alumina production capacity by approximately 390,000 metric tons to align production with smelter curtailments Alcoa announced earlier this year and to reflect prevailing market conditions.
"Resources groups and the bankers who promote them merit close scrutiny since minerals have been linked in the past with financial scandals and market manipulation, from the nickel bubble that captivated the City in the 1960s and ended in the Poseidon crash, to the Hunt brothers’ cornering of the silver market in 1980."
Liberty Mines Inc. (LBE:TSX) ("Liberty" or the "Company") today announced that its mining and milling operations have restarted in Timmins, consistent with the timelines announced previously by the Company.