Glencore International to Buy Back Columbian Coal Unit From Xstrata
Mar/10/2010 | Under : Coal Mine - Companies - Energy - Mineral Exploration
Glencore International AG, the world’s largest commodity trader, will buy back a Colombian coal unit from Xstrata Plc, setting the stage for an initial public offering that may value the trading company at $35 billion.
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Asian Stocks Decline on China Lending Concern
Mar/05/2010 | Under : Copper Mine - Gold Mine - Mineral Exploration - Stock
Asian stocks fell as China’s Industrial Bank Co. predicted slower growth in new lending, while the euro retreated on speculation the European Central Bank will delay withdrawing stimulus measures.
The MSCI Asia Pacific Index dropped 0.7 percent to 119.97 as of 5:10 p.m. in Tokyo, after a four-day, 3.3 percent climb. [Read More]
Gold-Diggers Boost Production To Help Meet World Demand
Dec/07/2009 | Under : Companies - Gold Mine - Mineral Exploration
Nearly 120 years after three men called Joseph laid eyes on the gold fields of the Ashanti kingdom, Ghana’s rich seams are once more an alluring prospect for the world’s mining houses.
As many mines elsewhere grow deep, dangerous and expensive, Ghanaian production increased by 10 per cent last year, more than any other of the top 10 producer countries, many of which registered steep declines, according to GFMS, a consultancy. [Read More]
China Investment Corp. Funds $500 million To Canadian Mining Company
Oct/30/2009 | Under : Companies - Trade & Market
China Investment Corp., the Chinese sovereign wealth fund, lends $500 million to SouthGobi Energy Resources.
Toronto-listed SouthGobi Energy Resources yesterday announced that China Investment Corporation (CIC) has agreed to provide a $500 million loan to finance the expansion of the company’s mining and exploration operations in the south of Mongolia. [Read More]