Two partners in the world's top aluminium producer, UC RUSAL , want to sell their stake to a third tycoon, Alisher Usmanov, owner of an iron ore miner and shareholder in Norilsk Nickel, Vedomosti reported on Friday.
Could the world's largest commodity trading firm dirty its hands by becoming an iron ore miner? The answer, according to a report this week in Marketwatch, is a strong maybe. Marketwatch reports the Swiss-based company's CEO, Ivan Glasenberg, saying that Glencore will look to grow its presence in iron ore via marketing opportunities and equity investments:
The board of Russian miner OAO Norilsk Nickel on Wednesday approved the offer to buy a part of United Co. Rusal PLC's stake in the company for about $8.75 billion. Norilsk, the world largest nickel and palladium producer.
TSX V-quoted Noront Resources on Tuesday published the results of a prefeasibility study into its Eagles Nest nickel-copper-platinum project in Ontario’s Ring of Fire, outlining a $734-million capital investment for a one-million ton a year mine.
Chaos. Confusion. And a lot of people losing a lot of money. This is how I would prefer to describe the markets for the past week.
The market is expecting BHP Billiton to post record-setting annual profits of $US22.1 billion next week on revenues forecast to be a staggering $71.9 billion. BHP investors, whose stock has hardly moved in a year despite stellar growth rates at the Melbourne-based company, would want to hear if another share buyback will follow the $10 billion round completed in June and any update on its purchase of Petrohawk. The world's biggest miner has a history dating back 150 years and its operations span the globe from potash in Canada (pictured) and coal in South Africa to nickel in Australia and copper in Chile.
Moscow - The scheduled in-person meeting of the Board of Directors of OJSC MMC Norilsk Nickel (hereinafter: MMC Norilsk Nickel or the Company) took place today. The agenda consisted of a single item: announcement of the public offer to purchase
In late July 2011, Manicouagan completed a follow-up diamond drill program on its Kasagiminnis Lake Project to test for the down-dip extension of the encouraging results from the drill program carried out in April this year. The current drill program consisted of five holes KAS-11-10 to 14 totalling 1,095.3 metres. Four holes (KAS-11-11 to 14) all intersected the mineralized zone at depth. Assay results are expected by the end of August. Hole KAS-11-10 had to be abandoned due to ground conditions.
Inspiration Mining Corporation (“Inspiration” or the “Corporation”) (TSX:ISM)(FRANKFURT:OI8) is pleased to announce the engagement of NordPro Mine and Project Management Services Ltd. (“NordPro”) of […]
Benton Resources Corp. (TSX VENTURE:BTC) ("Benton" or "the Company") is pleased to announce that the Company has commenced diamond drilling on its 100% owned RIM copper nickel project located 100km south of the world class Voisey's Bay nickel deposit. The program will consist of 6-7 diamond drill holes totaling approximately 3000 metres testing a series of east-west trending conductive anomalies located within the mapped outline of the main Suture Zone. The Company believes that the conductors may represent magmatic sulphide along an east-west trending structural conduit cutting through the Suture Zone similar to the emplacement of the Voisey's Bay deposit. Results of the drilling will be released after they been completed and compiled by Company personnel.