International Business News - Mining http://www.ibtimes.com/rss/feed/mining.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/mining.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif Rio Tinto's aluminium operation in Cameroon has secured a 30-year power supply contract with the government but electricity costs have doubled and output from a smelter will fall due to cuts in power consumption, Rio said. http://www.ibtimes.com/articles/20091121/rio-costs-output-down-cameroon-power-deal.htm http://www.ibtimes.com/data/articleimgs/224518-rio-costs-up-output-down-in-new-cameroon-power-deal.jpg http://www.ibtimes.com/articles/20091121/rio-costs-output-down-cameroon-power-deal.htm http://www.ibtimes.com/articles/20091121/rio-costs-output-down-cameroon-power-deal.htm Sat, 21 Nov 2009 16:05:33 EST The gold bubble could burst any time soon. There are clear indications that the yellow metal has already started on its downward trek and could reverse its mighty rise. Until the dollar puts in a convincing rebound, the onus is to the upside in gold. http://www.ibtimes.com/articles/20091116/gold-poised-to-fall-soon.htm http://www.ibtimes.com/articles/20091116/gold-poised-to-fall-soon.htm Mon, 16 Nov 2009 11:27:26 EST UC RUSAL, the world's largest aluminum producer, is close to a deal to restructure $7.4 billion in debt to foreign banks which is crucial for the Russian firm's planned $2 billion IPO in December, a newspaper reported. http://www.ibtimes.com/articles/20091115/uc-rusal-nears4-billion-debt-revamp-ahead-hk-ipo-report.htm http://www.ibtimes.com/data/articleimgs/224110-uc-rusal-nears4-billion-debt-revamp-ahead-of-hk-ipo.jpg http://www.ibtimes.com/articles/20091115/uc-rusal-nears4-billion-debt-revamp-ahead-hk-ipo-report.htm http://www.ibtimes.com/articles/20091115/uc-rusal-nears4-billion-debt-revamp-ahead-hk-ipo-report.htm Sun, 15 Nov 2009 00:20:03 EST Anglo-Australian miner Rio Tinto Plc is hoping to raise $520 million by spinning off its U.S. coal business, but analysts cautioned that demand for the offering could be tepid. http://www.ibtimes.com/articles/20091114/rio-tintoss-coal-unit-could-face-tepid-demand.htm http://www.ibtimes.com/articles/20091114/rio-tintoss-coal-unit-could-face-tepid-demand.htm Sat, 14 Nov 2009 22:12:04 EST A federal judge has issued a ruling supporting a nearly $2.5 billion bid by Grupo Mexico, the country's largest mining company, for Asarco LLC, paving the way for the U.S. copper miner to exit bankruptcy. http://www.ibtimes.com/articles/20091114/ujudge-favors-grupo-mexico-bid-for-asarco.htm http://www.ibtimes.com/articles/20091114/ujudge-favors-grupo-mexico-bid-for-asarco.htm Sat, 14 Nov 2009 18:48:01 EST Western Australia state has raised the stakes in its demand for higher royalties from iron ore miners Rio Tinto and BHP Billiton, telling them that it would not rubber-stamp their planned iron ore merger. http://www.ibtimes.com/articles/20091112/australia-state-threatens-rio-bhp-iron-merger-report.htm http://www.ibtimes.com/data/articleimgs/223982-australia-state-threatens-rio-bhp-iron-merger-report.jpg http://www.ibtimes.com/articles/20091112/australia-state-threatens-rio-bhp-iron-merger-report.htm http://www.ibtimes.com/articles/20091112/australia-state-threatens-rio-bhp-iron-merger-report.htm Thu, 12 Nov 2009 11:15:03 EST Rio Tinto Ltd/Plc, the world's second-largest iron ore miner, is still keen to work with China's state-owned Chinalco and both companies have held talks recently, Rio CEO Tom Albanese said on Tuesday. http://www.ibtimes.com/articles/20091110/rio-tinto-says-still-keen-work-with-chinalco.htm http://www.ibtimes.com/data/articleimgs/223846-rio-tinto-says-still-keen-to-work-with-chinalco.jpg http://www.ibtimes.com/articles/20091110/rio-tinto-says-still-keen-work-with-chinalco.htm http://www.ibtimes.com/articles/20091110/rio-tinto-says-still-keen-work-with-chinalco.htm Tue, 10 Nov 2009 11:13:22 EST Rio Tinto and BHP Billiton have not received any indications that the two mining giants will face regulatory issues in forming an iron ore production joint venture, the head of Rio's iron ore division said on Monday. http://www.ibtimes.com/articles/20091109/rio-says-no-word-from-regulators-on-bhp-iron-ore-jv.htm http://www.ibtimes.com/data/articleimgs/223762-rio-says-no-word-from-regulators-on-bhp-iron-ore-jv.jpg http://www.ibtimes.com/articles/20091109/rio-says-no-word-from-regulators-on-bhp-iron-ore-jv.htm http://www.ibtimes.com/articles/20091109/rio-says-no-word-from-regulators-on-bhp-iron-ore-jv.htm Mon, 09 Nov 2009 11:23:58 EST Canada's Agrium Inc sweetened its hostile bid for U.S. rival CF Industries to $4.52 billion, the latest twist in a three-way takeover battle, but the offer failed to impress CF's investors and the company's shares fell 8.4 percent. http://www.ibtimes.com/articles/20091105/agrium-raises-bid-cf-investors-not-impressed.htm http://www.ibtimes.com/data/articleimgs/223527-agrium-raises-bid-for-cf-investors-not-impressed.jpg http://www.ibtimes.com/articles/20091105/agrium-raises-bid-cf-investors-not-impressed.htm http://www.ibtimes.com/articles/20091105/agrium-raises-bid-cf-investors-not-impressed.htm Thu, 05 Nov 2009 10:27:31 EST China's No. 2 nickel producer Jilin Jien's ambition to expand its Canadian footprint, is facing its biggest hurdle as investors look set to reject its final bid for early-stage miner Canadian Royalties. http://www.ibtimes.com/articles/20091031/canadian-royalties-deal-seen-unlikely-chinas-jilin.htm http://www.ibtimes.com/articles/20091031/canadian-royalties-deal-seen-unlikely-chinas-jilin.htm Sat, 31 Oct 2009 08:48:23 EDT Industrial Minerals Canada, a junior graphite company, said on Wednesday it aims to list on the Toronto Venture Exchange via the takeover of capital pool company Rattlesnake Ventures, and rename itself Northern Graphite Corp. http://www.ibtimes.com/articles/20091028/canadian-graphite-junior-list-as-prices-rise.htm http://www.ibtimes.com/articles/20091028/canadian-graphite-junior-list-as-prices-rise.htm Wed, 28 Oct 2009 12:57:23 EDT U.S. steelmakers reported better-than-expected third-quarter results on Tuesday but they restated their gloomy short-term views for the industry and the economy and their shares fell. http://www.ibtimes.com/articles/20091027/wrapupusteelmakers-beat-estimates-but-outlook-gloomy.htm http://www.ibtimes.com/articles/20091027/wrapupusteelmakers-beat-estimates-but-outlook-gloomy.htm Tue, 27 Oct 2009 11:20:30 EDT Swedish miner and smelter Boliden beat forecasts for third-quarter operating profit as Chinese demand buoyed the market for metals and said its Aitik copper mine expansion was on schedule. http://www.ibtimes.com/articles/20091026/boliden-beats-q3-forecast-mine-expansion-on-track.htm http://www.ibtimes.com/articles/20091026/boliden-beats-q3-forecast-mine-expansion-on-track.htm Mon, 26 Oct 2009 10:47:15 EDT Anglo American, pressured by investors after an abortive merger bid from rival Xstrata, could offload its zinc operations first in a fresh divestment drive that could raise $6 billion. http://www.ibtimes.com/articles/20091026/anglo-may-unload-zinc-first-inbillion-auction.htm http://www.ibtimes.com/data/articleimgs/222986-anglo-may-unload-zinc-first-inbillion-auction.jpg http://www.ibtimes.com/articles/20091026/anglo-may-unload-zinc-first-inbillion-auction.htm http://www.ibtimes.com/articles/20091026/anglo-may-unload-zinc-first-inbillion-auction.htm Mon, 26 Oct 2009 10:32:16 EDT Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzorig, deputy director of Erdenes MGL, the Mongolian government company that will hold at least 51 percent of the equity. http://www.ibtimes.com/articles/20091023/mongolia-listspotential-bidders-coal-project.htm http://www.ibtimes.com/articles/20091023/mongolia-listspotential-bidders-coal-project.htm Fri, 23 Oct 2009 11:16:42 EDT Why are some junior stocks the fancy of investors? What do they have to account for their bull run? There have been no monster gold finds in recent years, so how can these juniors show off their mettle? http://www.ibtimes.com/articles/20091022/gold-juniors-what-do-they-have-going-for-them.htm http://www.ibtimes.com/articles/20091022/gold-juniors-what-do-they-have-going-for-them.htm Thu, 22 Oct 2009 13:23:18 EDT Chinese state-owned metals trader China Minmetals Corp is looking to buy gold mines in Australia and Canada, a senior executive said on Thursday. http://www.ibtimes.com/articles/20091022/china-minmetals-eyes-gold-mines-australia-canada.htm http://www.ibtimes.com/articles/20091022/china-minmetals-eyes-gold-mines-australia-canada.htm Thu, 22 Oct 2009 03:39:47 EDT Global miner BHP Billiton acknowledged on Thursday that it and other iron ore producers had at times upset their major customer China and said that Beijing realised it had "to play with the big boys". http://www.ibtimes.com/articles/20091022/bhp-chairman-tells-china-game-on.htm http://www.ibtimes.com/data/articleimgs/222791-bhp-chairman-tells-china-game-on.jpg http://www.ibtimes.com/articles/20091022/bhp-chairman-tells-china-game-on.htm http://www.ibtimes.com/articles/20091022/bhp-chairman-tells-china-game-on.htm Thu, 22 Oct 2009 03:37:47 EDT Dollar fell to a 14 month low as compared to Gold that rose closer to last week's record highs above $1070 an ounce on Tuesday. Dollar fell against a basket of six major currencies. This has helped bullion as an alternative currency. http://www.ibtimes.com/articles/20091021/gold-rises-and-dollar-hits-low-in-14-months.htm http://www.ibtimes.com/articles/20091021/gold-rises-and-dollar-hits-low-in-14-months.htm Wed, 21 Oct 2009 13:07:20 EDT Miner Xstrata Plc has given up its pursuit of rival Anglo American, it announced on Thursday, leaving Anglo to push ahead with its own restructuring plan and raising questions about whether Xstrata will revisit former target Lonmin. http://www.ibtimes.com/articles/20091015/xstrata-gives-on-anglo-bid.htm http://www.ibtimes.com/articles/20091015/xstrata-gives-on-anglo-bid.htm Thu, 15 Oct 2009 10:23:28 EDT