Dec 8 (Reuters) – Russia’s Norilsk Nickel may attract over $1 billion in loans from Russia’s VTB bank and Sweden’s Nordea, Interfax news agency cited a company spokesman as saying on Monday.
Read more at: http://www.reuters.com/article/2014/12/08/russia-norilsk-loans-nordea-bank-vtb-idUSL6N0TS3J720141208
The birthplace of graphene – the one-atom-thick carbon – is Manchester University, where it was created by two physicists. But Cambridge could become the adopted home of the so-called wonder-material.
A vast new facility that can make up to five tonnes of the ultra-valuable black dust each year is being built in the city and is due to open in 2015.
There was a lot of concern among mining companies about being left behind if they didn’t take part in the consolidation wave. That led to plenty of poor decisions.
Today, the “bigger is better” mantra no longer exists. The industry is struggling to deal with weak commodity prices, and CEOs have much different priorities — lower costs, lower capital spending, strong liquidity and free cash flow growth.
That has forced them to look at what was unthinkable a few years ago: breaking apart the giant monoliths their predecessors created.
LONDON Dec 4 (Reuters) – Japanese trading house Mitsui & Co will buy a stake in Vale’s Moatize coal project in Mozambique, according to two sources close to the situation.
Read more at: http://af.reuters.com/article/commoditiesNews/idAFE5N0P705720141204
Japan is unlikely to move forward with its plan to challenge Indonesia’s mineral-ore export ban through the World Trade Organization (WTO) as both parties may have reached an agreement on how to solve the issue, officials have said.
Read more at: http://www.thejakartapost.com/news/2014/12/05/japan-unlikely-file-complaint-ore-export-ban-with-wto.html
Dec 4 (Reuters) – Brazilian mining giant Vale’s plan to sell a stake in its base metals unit through a Toronto Stock Exchange listing could lead to the biggest IPO in Canadian history and a windfall in fees on Bay Street.
Read more at: http://www.reuters.com/article/2014/12/04/vale-sa-basemetals-ipo-idUSL2N0TN1A420141204
NEWTON, Mass., Dec. 3, 2014 — H.C. Starck and Rapid Prototype and Manufacturing (rp+m) announce an agreement to develop advanced, innovative products using the latest 3D printing and technology metal manufacturing. The agreement will promote development synergies by combining H.C. Starck’s strengths in fabrication of technology metals with those of rp+m, a leading provider of additive manufacturing solutions.
Read more at: http://www.sys-con.com/node/3250051
Indonesia’s Constitutional Court upheld today the country’s ban on exports of raw mineral ores imposed in January, rejecting a challenge from mining companies.
The court ruled the prohibition was acceptable to ensure ore supplies to domestic smelters. The Indonesian Association of Mineral Entrepreneurs and companies with mining business licenses filed a request in January to seek revision of articles in the 2009 law that formed the legal basis of the ban. Chief Justice Hamdan Zoelva said the ruling was final.
Read more at: http://www.bloomberg.com/news/2014-12-03/constitutional-court-in-indonesia-upholds-mineral-ore-export-ban.html
TORONTO • Eight years after it disappeared, Inco Ltd. could be poised to return to the public markets in some form.
Brazilian mining giant Vale SA, which paid nearly $20-billion for Inco in 2006, said Tuesday it may sell part of its base metals unit in an initial public offering, likely on the Toronto Stock Exchange. That confirmed an earlier report from Reuters, and follows years of speculation that Vale could divest the business.
Read more at: http://www.theprovince.com/business/Vale+eyes+possible+return+Inco +Canadian+market+mulls+part+base+metals/
The East African Community is to receive $1.2bn from the World Bank to support infrastructure investment and improve competitiveness. The funds, which are being channelled through the World Bank’s International Finance Corporation and Multilateral Investment Guarantee Agency, will support projects through market-driven private financing and guarantees. It will contribute to investments the five nations of the EAC have planned over the next three to seven years, particularly projects to improve transport links and ports.
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