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August 20th, 2009
Category
General News, Mining Investment, Nickel |
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Mining Companies in Tokyo on Wednesday, Sumitomo Metal said that the company has purchased 16.5% stake in Nickel Asia Corp. of the Philippines with a price around $ 39 million, because the attempt to improve global competitiveness.
Tokyo-based company into the league formalization of existing relationships with Nickel Asia. This example is the provision of nickel ore by a subsidiary of Asia, Rio Tuba Nickel Miming Corp., to Sumitomo of the Philippines-based nickel refinery joint venture, Coral Bay Nickel Corp.
Earlier this year, Coral Bay Nickel build second factory in the country to double its output of nickel intermediate products to 22,000 tons per year.
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December 9th, 2008
Category
Gold, Mining Investment, Oil & Gas, Trade & Market |
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It’s very grim. Shedding its workforce at the fastest pace in 34 years, the US employment scene has become very grim. The tally of year-to-date lost jobs has now reached the 2 million figure. Not surprisingly, the number of homes in foreclosure neared 3 per cent in the third quarter after a 76 per cent rise. It did not take too long for various markets to slump following the release of the dismal US labor statistics. Oil traded at four-year lows under $42 per barrel, copper shed 6.36 per cent, and the gold price staged its own cave-in, shedding up to $25 and retreating to under the previously warned-about area of support for gold per ounce at $745, to touch $739.80, in the US market. New York gold futures fell sharply to close just above $750 an ounce, ending the week more than 8 per cent lower as the bleak US jobs report triggered wholesale liquidation of assets across the board. “Gold might be dragged down with other financial assets if the financial market heads for another major downward leg,” said Jeffrey Christian, managing director of CPM Group. He added: “Gold tends to be liquidated as investors needed cash when stocks decline sharply and because of deleveraging.” Noted Matt Zeman,
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November 25th, 2008
Category
Copper, Exploration, Gold, Mining Industry, Mining Investment |
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Philex Mining Corp, the Philippines’ biggest miner, has pulled out of bidding to develop a potential gold and copper site on the southern island of Mindanao, leaving six foreign and local groups, a senior government official said on Monday.
The contract to develop the 1,620-hectare Upper Ulip-Paraiso site will be bid out by the Philippine Mining Development Corp (PMDC) on Dec 3. It is located on Mount Diwalwal, considered a gold rush area that has attracted many small-scale miners.
The area is part of the 8,100-hectare Diwalwal mineral reservation site which the government took over in 2006.
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November 20th, 2008
Category
Coal, Copper, Gold, Iron, Iron ore, Metal, Mining Industry, Mining Investment, Nickel, Silver, Trade & Market, Uranium |
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Research and Markets has announced the addition of the “Mining Industry – Global Strategic Business Report” report to their offering.
The global outlook series on the Mining Industry provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report provides a bird’s eye view of the industry, and highlights the implications boded by the consolidation wave, and rising mineral prices. The discussion on the global market is laced with 61 statistically rich, market data tables evaluating demand and consumption patterns by country/region and end-use applications, across market verticals such as, Platinum Group Elements, Bauxite and Alumina, Fluorspar, Feldspar and Nepheline Syenite, Copper, Lead, Manganese, Nickel, Cobalt, Zinc, Tin, Zirconium, Gold, and Iron Ore, among others. The reader also stands to gain an introductory prelude to regional markets such as the US, Canada, Armenia, Russia, Spain, Australia, China, India, Indonesia, the Philippines, Africa, Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador and Peru.
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November 19th, 2008
Category
Mining Industry, Mining Investment, Mining Technology |
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The global outlook series on the Mining Industry provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report provides a bird’s eye view of the industry, and highlights the implications boded by the consolidation wave, and rising mineral prices. The discussion on the global market is laced with 61 statistically rich, market data tables evaluating demand and consumption patterns by country/region and end-use applications, across market verticals such as, Platinum Group Elements, Bauxite and Alumina, Fluorspar, Feldspar and Nepheline Syenite, Copper, Lead, Manganese, Nickel, Cobalt, Zinc, Tin, Zirconium, Gold, and Iron Ore, among others. The reader also stands to gain an introductory prelude to regional markets such as the US, Canada, Armenia, Russia, Spain, Australia, China, India, Indonesia, the Philippines, Africa, Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador and Peru. The report provides a recapitulation of recent mergers, acquisitions, and other noteworthy strategic corporate developments in addition to an included indexed,
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November 15th, 2008
Category
Mining Company, Mining Industry, Mining Investment |
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Shell Philippines Exploration B.V (Spex) and Australia-based mining giant BHP Billiton are likely to bid for the 20 percent stake of PNOC-Exploration Corp. (PNOC-EC) in Service Contract 63 in Northwest Palawan and offshore Sabah.
PNOC-EC president Rafael del Pilar told reporters yesterday that the two firms have shown “strong interests” to join the bidding.
He said they are currently firming up the terms of reference (TOR) for the bidding process.
Del Pilar said they hope to award the farm-in contract by late December this year or early January 2009.
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November 13th, 2008
Category
Gold, Mining Industry, Mining Investment, Trade & Market |
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ZNext Mining Industries, Inc. announces that ZNXPP will be the new symbol for ZNext Mining Preferred Stocks after the 1,000:1 Reverse Split.
This corporate action will take effect at the open of business 11/13/2008. The new symbol for the preferred stock on this date will be ZNXPP. And the new CUSIP # is 98975U 405 and the ISIN Number = 98975U 4058.
The common stock symbol and CUSIP Number will remain ZNXT.
In addition to the above corporate action, NASDAQ will announce a common stock dividend of 1 post-split preferred share for each 1,000 common shares held on today’s Dividends Daily List as follows:
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October 27th, 2008
Category
Exploration, Iron ore, Mining Company, Mining Industry, Mining Investment |
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It is reported that five companies including Global Steel Corporation are eyed as market by the first iron mine to rise in the Philippines after 40 years. The mine is set to start production from Bayog, Zamboanga del Sur by the Q1 of 2009.
Covering a total claim of 60,000 hectares, the Bayog iron mine is seen to produce one million tonnes of iron yearly. For the next 5 to 7 years it is targeted to produce three million tonnes yearly.
Mr Jun P Flores international sales director of Mikro Tech Capital Inc said that “It’s a big deposit. We have properties claims of close to 60,000 hectares for which negotiations are ongoing.”
MTCI, and its subsidiary 168 Ferrum Pacific Mining Inc, has gone into iron mining as it considers as highly critical the presence of iron resource in helping build a local steel industry.
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