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May 2012
24 May 2012
Central Asia Metals (CAM) is considering building a new solvent extraction and electrowinning plant or expanding on its existing operation following the launch of its first plant, the company said on Thursday May 24.
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23 May 2012
Seven days is a long time in the investment world, but last week must have felt longer than most.
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21 May 2012
Kaiser Aluminum Corp. has garnered $225 million from an offering of senior notes due 2020, which the company will use to fund potential acquisitions.
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21 May 2012
BHP Billiton’s ceo Marius Kloppers hinted at the possibility that the company will continue to divest underperforming assets in remarks on May 15.
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21 May 2012
Canada-based copper and zinc producer Hudbay Minerals has scrapped plans to raise $400 million through a senior note offering due to weak conditions in debt markets.
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17 May 2012
Iron ore mining newcomer Manabi Brasil plans to launch a primary share offer, the company said in a statement filed with Brazilian securities regulator CVM on Wednesday May 16.
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16 May 2012
Finnish steelmaker Rautaruukki will begin negotiations with employees as part of its project to improve competitiveness through efficiency measures including redundancies, the company said on Wednesday May 16.
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15 May 2012
Australia-listed Mirabela Nickel has cut its 2012 nickel production guidance by 1,000 tonnes in response to the low grades mined during the first quarter.
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15 May 2012
Ivanhoe Mines has appointed David Klingner as chairman and reappointed Livia Mahler as director, as part of an ongoing board restructuring.
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10 May 2012
Australia's Emu Nickel has abandoned its attempt to buy the Hillgrove antimony-gold mine near Armidale in New South Wales after a A$60 million ($58.6 million) capital raising attracted muted investor interest.
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08 May 2012
Jindal Steel & Power has bought a 9.25% stake in Apollo Minerals in a move to capitalise on the latter’s Commonwealth Hill iron ore project in South Australia.
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03 May 2012
Russia’s Mechel has secured long-term loan facilities with Gazprombank to provide $500 million for two coking coal enterprises in the group’s Mechel Mining subsidiary.
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02 May 2012
Long steel specialist Schmolz+Bickenbach is to privately offer €300 million ($397 million) of high-yield, secured bonds due to mature in 2019, according to a statement issued on Wednesday May 2.
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02 May 2012
Bindura Nickel Corp, which owns the Trojan nickel mine in Zimbabwe, is contemplating a rights issue to fund the restart of the mine – Africa’s only existing integrated nickel mine, smelter and refinery – according to local reports.
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02 May 2012
Stemcor has signed a credit facility worth $850 million, arranged by ABN Amro, BNP Paribas, ING Bank, Natixis, Société Générale and Standard Chartered, according to a statement published on Friday April 27.
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April 2012
30 April 2012
Australian miner Kagara Mining has appointed administrators from Taylor Woodings to identify all options for the company, the miner said on Monday April 30.
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30 April 2012
The price of bauxite, the raw material for aluminium, is set to surge as the market undergoes a similar journey to that of iron ore, according to bauxite junior miner Alufer, which plans to list on London’s Alternative Investment Market in mid-May.
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27 April 2012
Growing deregulation will lead to an explosion of interest in global commodity markets from small and medium-sized companies in China and will facilitate western companies’ access to liquidity from the country that is the world's largest consumer of metals.
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27 April 2012
Glencore has signed revolving credit facilities worth $12.8 billion, renewing its existing credit lines, the company said.
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25 April 2012
China Zhongsheng Resources, an iron ore miner in Shandong province, will debut on the Hong Kong stock exchange on Friday, with an initial public offering (IPO) to raise up to HK$197 million ($25.4 million).
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20 April 2012
Bauxite junior Alufer Mining is planning to become the first bauxite-only company to list on the Alternative Investment Market (AIM) of the London Stock Exchange in the next four weeks, to fund the start-up of its Bel Air bauxite project in Guinea.
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20 April 2012
Coal of Africa (CoAL) needs more than $540 million in finance to back its continuing transformation from junior to producing miner, ceo John Wallington told Metal Bulletin.
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19 April 2012
Ivanhoe Mines founder Robert Friedland stepped down as ceo as the company signed a financial agreement with majority stakeholder Rio Tinto to develop the Oyu Tolgoi copper-gold mine in Mongolia.
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16 April 2012
Ivanhoe Australia said it will scale back on its Mount Dore project until further tests are done, as capital costs have increased.
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12 April 2012
Outokumpu’s €1 billion ($1.31 billion) rights offering has been oversubscribed, according to the Finnish steelmaker.
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04 April 2012
Finnish stainless steel producer Outokumpu Oyj said it has entered into a revolving credit facility worth €400 million ($525.3 million) to cover working capital needs following the completion of its proposed merger with ThyssenKrupp AG’s Inoxum stainless arm.
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04 April 2012
ArcelorMittal Annaba has secured a $188 million loan to fund expansion of the steelmaker’s long products facility in Algeria.
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03 April 2012
All major political parties in Andalucia, Spain, have said they are committed to full permitting of Emed’s Rio Tinto copper mine by the third quarter of this year, the company said on Tuesday April 3.
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02 April 2012
Junior base metals company Mwana Africa will raise about $35 million through a conditional subscription agreement with China International Mining Group (CIMGC) and a proposed placing of new ordinary shares with institutional investors.
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01 April 2012
ArcelorMittal has issued a €500 million ($667 million) tranche of notes to refinance its debts, the company said, closing the sale on Thursday March 29.