ArcelorMittal, the world’s largest integrated metals and mining company, announces that it intends to acquire 60% of the entire issued share capital of DSTC FZCO, a newly incorporated company located in the Dubai free zone. Together with DSTC FZCO, ArcelorMittal is widening its offering in the Middle Eastern area. DSTC FZCO will acquire the main business of a steel distributor in the United Arab... Read more..
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX ) declares the following quarterly cash dividends payable on August 1, 2008 to holders of record as of July 15, 2008: * $0.4375 per share of FCX’s Common Stock (NYSE: FCX ). * $1.6875 per share of FCX’s 6¾% Mandatory Convertible Preferred Stock (NYSE: FCXprM). * $13.75 per share of FCX’s 5½% Convertible Perpetual Preferred Stock. FCX... Read more..
Taseko Mines Limited (”Taseko” or the “Company”) is pleased to announce that it has finalized negotiations for the purchase of the key mining and milling equipment required for the Phase III expansion at its 100% owned Gibraltar copper-molybdenum mine. The Company has entered into binding agreements to purchase two Bucyrus 495 mining shovels, a Bucyrus 49R production drill,... Read more..
Terra Nostra Resources Corporation a majority owner of two joint venture companies in the copper and stainless steel industries in China, is pleased provide all shareholders with this report from Terra Nostra’s Chairman, Mr. Sun Liu James Po, as presented at the Company’s Annual General Meeting held June 23, 2008. Report to Shareholders This has been an extraordinary year for Terra Nostra, where... Read more..
Coeur d’Alene Mines Corporation announced that the U.S. Supreme Court has granted the State of Alaska and Coeur Alaska’s Petitions for a writ of certiorari to review a Ninth Circuit Court of Appeals decision relating to the Kensington 404 tailings permit. The announcement came after the State of Alaska and Coeur Alaska both filed Petitions for a writ of certiorari with the U.S. Supreme Court in... Read more..
Hecla Mining Company has approved a revision to its agreement with Rusoro Mining Ltd. (Rusoro) to extend the date to July 8, 2008, for closing the transaction to sell its subsidiaries engaged in mining and exploring for gold in Venezuela to Rusoro for $25 million. The sale agreement was previously announced on June 19, 2008, with a closing date originally targeted for today, June 27, 2008. The date... Read more..
Alcoa announced that Alcoa Chairman Alain Belda was elected to the IBM board of directors, effective July 29, 2008. Alain Belda is chairman of Alcoa. Mr. Belda has a long, distinguished career at Alcoa joining the company nearly 40 years ago in its Brazilian affiliate, Alcoa Aluminio. He was elected a vice president of Alcoa in 1982, executive vice president in 1994, vice chairman in 1995, and president... Read more..
China will help build a $400 million aluminum smelter in Trinidad’s southern region, according to the leader of the Caribbean island. Prime Minister Patrick Manning did not say when construction would start or how many tons of aluminum would be produced yearly. Trinidad would run the factory using its vast resources of natural gas, Manning said late Wednesday. The country is the leading supplier... Read more..
Alcoa announced the release of its 2007 Corporate Sustainability Highlights, which details the company’s global environmental, social and economic performance and shows how sustainability is integrated into all aspects of our business. The report is available on line in the Sustainability section of alcoa.com at http://www.alcoa.com/sustainability. “Sustainability remains a key focus at Alcoa.... Read more..
The Platinum Group Metals Corp. (PGMC) mine sites in Surigao and Isabela will ship at least 450,000 metric tons of nickel ore to Australia before the end of the third quarter this year. The mining firm’s mine site in Cagdianao, Surigao del Norte, is scheduled to ship at least six boatloads of 50,000 MT while its Isabela mine will ship three boatloads of 50,000 MT starting in August. PGMC signed... Read more..