BHP Billiton boss Marius Kloppers feels that the Chief Executive Officers of China’s state owned companies had unrealistic expectation of how quickly you can commission projects in Australia. He added that the failure of mining investments has made the global prices for commodities stay at record levels.
The Queensland Government has come under criticism by a state MP for agreeing to have health care financed by the mining industry. The Queensland Gas company is going to fund the construction of a new satellite renal unit at Gladstone hospital and upgrades to the operating theatre, as announced by Premier Anna Bligh.
In the west African nation of Guinea mining giant Rio Tinto has signed an agreement with the government to construct a new mining port. The agreement was signed by its subsidiary Simfer S.A. According to the deal the company will pay the government US$700 million and gain mining concessions in the country.
Ranger Gold has completed the preliminary mapping and sampling program at the Truman Project, which is situated in Mineral County, Nevada.
Sentula Mining and Shanduka Resources have decided to merge and form a strong mid-tier coal producing and mining services company. An announcement to this effect was made last week. 627 million new Sentula Mining ordinary shares shall be allotted to Sanduka Resources.
Riversdale Mining is being taken over by Rio Tinto but Tata Steel will continue to hold a stake in the coal mining company. B. Muthuraman the Tata Steel Vice Chairman said on Monday that the company would not divest its stake in the Australian miner currently being acquired by Rio.
Revolver Resources is hoping to reverse the takeover deal of Oculus Mining S.A. The Toronto Stock Exchange listed company Revolver Resources has halted trading while the required documentation is filed with the TSX Venture Exchange.
Bering Exploration has commenced the process, which is to be approved by the Texas State to perform drilling operations in Texas. The company is anticipating the approval in the subsequent thirty days.
The Minnesota Department of Natural Resources is to begin an action of 621 parcels of land for mineral leases on Thursday. This is in spite of landowner concerns regarding the issue. The opponents of the process feel that the state is allowing too much prospecting too fast and there may be severe repercussions.
In a bid to diversify and grow Barrick Gold has stepped into the copper market by masterminding a $7.14 billion aquisition of Equinox Minerals. In a move that shook up the mining industry the Canadian miner said that it was planning to expand its potential gold and copper reserves by buying Equinox Minerals on Tuesday. This puts rest to Minmetals’s takeover bid for the company which was of $7.3 billion value.
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.