Quadrem, a global mine supply network has been purchased by Ariba Inc for $150 million. The company which was launched a decade ago by 15 metal and mining companies has been sold to supply chain and collaborative business commerce vendor Ariba.
Harvest Gold Corporation (TSX VENTURE:HVG) has announced that it has staked 125 100% owned unpatented lode claims on the south pediment of the Roberts Mountains in Eureka County, Nevada.
Entrée Gold Inc. (TSX:ETG; NYSE AMEX:EGI; Frankfurt:EKA) has today filed and received a receipt for a final short form base shelf prospectus with the securities commissions in each of the provinces of Canada, except Quebec, and a corresponding registration statement on Form F-10/A with the United States Securities and Exchange Commission.
The machinery and engine manufacturer Caterpillar has placed a $7.6 billion takeover bid for another equipment maker, Bucyrus. Currently Caterpillar produces heavy duty trucks and excavators. If the deal with Bucyrus goes through it will add giant electrical shovels and other mining equipment to its catalogue.
Century Mining has announced that the Company has entered into an agreement with a syndicate of agents co-led by Haywood Securities Inc. and Byron Capital Markets, and including Union Securities Ltd. pursuant to which the Agents have agreed to offer for sale, on a best efforts private placement basis, up to 12,820,513 units of the Company at a price per Unit of C$0.39 for gross proceeds to the Company of up to C$5,000,000.
The burgeoning demand by the mining industry for equipment is actually not a boon for the manufacturing industry. Unable to meet the huge demand companies like Caterpillar are looking to import equipment from Mexico rather than construct it in Australia.
EMC Metals Corp. (TSX: EMC) has announced that it has received subscriptions for a private placement of 7,450,000 units of the Company.
CanAlaska Uranium Ltd. (CVV - TSX.V) announced today its Board of Directors has authorized the implementation of a share consolidation on the basis of one post-consolidation Common Share for every 10 pre-consolidation Common Shares, effective November 8, 2010.
British engineering company Weir Group has done so well this year that it has re-entered the FTSE 100 Index. Based on a strong financial performance it has also upgraded its profits forecast for the current financial year. According to estimates by analysts the company is expected to report a pre tax profit of about £278 million for the fiscal year 2010.
Coal miners may soon have new guardian angels in China in robotic form. Given the rather dismal safety record of Chinese mines this is seen as a positive move. A factory in north China is going to begin producing coal mine rescue robots that will enter the hazardous areas of mining accidents to collect data.
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