Category Archives: Metals

Vale SA : Vale Launches iPad Application

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Vale launched yesterday (3/12) its Vale Investors & Media iPad application during Vale Day New York, an annual event held in the United States. The app allows iPad users to access the company’s and investors’ press releases, quarterly results, annual reports, investors’ and press webcasts of conferences, Vale’s share price on the Bovespa, NYSE and HKEx, and financial and operational performance indicators, as well as offering photos, videos, an events calendar and information on the company’s history in Brazil and across the rest of the world.

http://www.4-traders.com/VALE-SA-6492836/news/Vale-SA-Vale-Launches-iPad-Application-15574848/

Platinum Australia, Jubilee Platinum in merger discussions to create top five platinum producer

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Platinum Australia is in advanced discussions with Jubilee Platinum regarding a proposed merger via a scheme of arrangement under which Jubilee would acquire all of the shares in Platinum.
If it goes ahead, the merger would create a mining group with the potential to become one of the world’s top five platinum producers.

http://www.proactiveinvestors.com.au/companies/news/37399/platinum-australia-jubilee-platinum-in-merger-discussions-to-create-top-five-platinum-producer–37399.html

More than just costs are a concern at Barrick Gold’s $8.5B Pascua-Lama megamine

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But what happens up here in Pascua-Lama, where Canadian mining giant Barrick Gold is developing the first open-pit gold mine to straddle two countries, will have a huge impact on the people living in the valleys below on both sides of the border — for better or for worse.

http://business.financialpost.com/2012/12/14/more-than-just-costs-a-concern-at-barrick-golds-8-5b-pascua-lama-megamine/

 

Norilsk Nickel CEO gets record $100mn golden handshake

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The former CEO of the world’s largest nickel and palladium producer Norilsk Nickel Vladimir Strzhalkovsky will receive record compensation when he gives up his seat on the board to billionaire Vladimir Potanin on Monday.

Strzhalkovsky will receive half the sum immediately with the remainder coming in two equal parts during 2013, Vedomosti daily says referring to their sources

http://rt.com/business/news/norilsk-nickel-strzhalkovsky-potanin-047/

 

BHP nickel assets ‘safe’

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As more analysts added their voice to the chatter about BHP Billiton divestments, it appears the Big Australian’s WA nickel assets are safe for now.

http://au.news.yahoo.com/thewest/a/-/breaking/15634923/bhp-nickel-assets-safe/

 

Xstrata mine in Philippines set back to 2019

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MANILA, Philippines—Swiss mining giant Xstrata has set back the commercial production of its $5.9-billion project in the Philippines to 2019 due to problems with security and the government, the company said Wednesday.

http://business.inquirer.net/97991/xstrata-mine-in-philippines-set-back-to-2019

 

Guinea May End Review of Vale-BSG Ore Venture Early Next Year

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Guinea may complete a review into the $10 billion iron-ore joint venture between Vale SA  and BSG Resources Ltd before the end of the first quarter of 2013, the country’s Mines Minister Mohamed Lamine Fofana said today.

http://www.bloomberg.com/news/2012-12-07/guinea-may-end-review-of-vale-bsg-ore-venture-early-next-year.html

 

Australia projecting 18 times more mining investment than better-returning SA

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JOHANNESBURG (miningweekly.com) – The projected investment in the Australian mining industry is 18 times higher than the projected investment in South Africa’s mining industry, which has a history of better returns.

http://www.miningweekly.com/article/poor-returning-australia-projecting-18-times-more-mining-investment-than-south-africa-2012-12-06

 

China Sets Up Fund to Develop Rare Earth Sector

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China has set up a special fund derived from its central government budget in order to develop and upgrade its rare earth sector and support producers hit by weak prices.

http://rareearthinvestingnews.com/8644-china-fund-develop-rare-earth-sector-export-quotas-toyota-tsusho-matamec.html

 

Chile’s Caserones copper project says production start is near

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SANTIAGO, Dec 5 (Reuters) - The Caserones copper mine in
Chile, owned by JX Nippon Mining and Metals Corp and Mitsui &
Co, is poised to start production soon, and construction should
be finished by the end of 2013, the project's vice president
told Reuters on Wednesday.

http://www.reuters.com/article/2012/12/05/chile-copper-caserones-idUSL1E8N52JB20121205
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