Mining Business News

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Northgate Minerals and Primero Mining to Merge

Northgate Minerals Corp. and Primero Mining Corp. decided on merging to resolve problems on both sides. Northgate Minerals will give 1.5 shares for each share of Primero Mining. The share exchange will be worth Canadian $370 million. The combined market capitalization of the new company will be approximately Canadian $1.2 billion.

17 Jul 2011

Empire Mining Announces Primary Underground Drilling Results from Bulqiza Project

Empire Mining has reported the initial underground diamond drilling results from the Bulqiza chromite project in Albania.

16 Jul 2011

Pilot Gold Proclaims Conclusion of Earn-in Option for Gold Springs Project

Pilot Gold has proclaimed that High Desert Gold (HDG) has concluded its earn-in option agreement for the Gold Springs gold project at the boundary of Nevada and Utah.

14 Jul 2011

Caterpillar Finalizes Bucyrus Acquisition

After Caterpillar completed its $8.8 billion acquisition of Bucyrus on Friday it announced the start of a new mining equipment division in Milwaukee. The acquisition deal was announced last December. The president of the new division Steve Wunning said that there were great times ahead for the newly merged company.

From Caterpillar 13 Jul 2011

Hewlett Packard Helps MMG Compute in the Cloud

Hewlett Packard (HP) is making it easier for the Minerals and Mining Group (MMG) to communicate in-house in a multi million dollar IT transformation. When MMG took over OZ Minerals it had two infrastructure backbones. Then adding to the confusion was the fact that OZ Minerals had been formed by merging Oziana and Zinifex.

From OZ Minerals Limited 13 Jul 2011

Macarthur Coal Takeover Good Timing for Gillard

Despite the impending doom being spelled out by analysts against the mining tax and carbon tax, the coal industry in Australia has projects worth $15.9 billion under construction. There is also the hope that by the financial year 2015-16 exports of coal will be up by 60%.

13 Jul 2011