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Saturday, October 18th, 2008
With commodities prices plunging and resource stocks under huge selling pressure, a consortium of big Japanese and Korean steelmakers is poised for a daring $4 billion (£2.3 billion) swoop on one of Brazil’s largest iron-ore mining companies. The Asian consortium’s ambitious stake-building exercise directly exploits the current market turmoil and ...
Posted in Mining Company, Mining Industry, Mining Investment, Trade & Market | No Comments »
Tuesday, October 7th, 2008
Coal stocks jumped off a cliff Thursday, placing a soot-covered exclamation mark on a gut-wrenching period for commodity stocks. For one hybrid iron ore and coal producer, the climb back up the cliff is now more likely to involve a major acquisition.
While hedge funds were reportedly unloading positions in droves ...
Posted in Coal, Exploration, Iron, Iron ore, Mining, Mining Company, Mining Industry, Mining Investment | No Comments »
Tuesday, July 29th, 2008
A global consolidation of the coal industry is shifting into overdrive.
Mining giant Teck Cominco said Tuesday it will buy up all of the Fording Canadian Coal Trust for close to $14 billion in cash and stock. The deal is just the latest in a growing string of giant acquisitions centered ...
Posted in Coal, Drilling, Exploration, Mining, Mining Contractor, Mining Investment, Mining Technology | No Comments »
