The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will finally find its way to the inboxes of shareholders today.
Eldorado Gold Corporation ("Eldorado") ("the Company" or "We") (TSX:ELD)(NYSE:EGO)(ASX:EAU) today confirmed its intention to be removed from the official list of the Australian Securities Exchange ("ASX") effective at the close of trading on August 31, 2012 (Sydney time). Eldorado had previously announced on February 24, 2012 that it intended to de-list from the ASX (see news release 12-09).
Graff Diamonds only received half the expected orders. Its announcement comes just one week after China Nonferrous Mining Corp pulled the planned listing of its Zambian copper assets in Hong Kong.
Ruchir Sharma, head of emerging markets at Morgan Stanley, makes one of the most bearish statements yet on the end of the so-called commodity supercycle.
Canadian Silvercorp Metals (TSX: SVM-News)(NYSE: SVM-News), China’s biggest silver miner, said Monday that production at its flagship silver-lead-zinc Ying Mine will be interrupted for about five days as a result of power interruptions.
Copper edged higher on Monday on hopes of more stimulus from China, and after Greek conservative parties topped opinion polls, helping calm fears over contagion should Athens default on its debt and leave the euro.