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Metal News

Metals news continually updated from thousands of sources around the net.

5 hrs ago | The Age

Xstrata launches $426m bid for Indophil

Xstrata Plc, the world's fourth largest copper producer, has launched a $426 million takeover for its partner in the Tampakan copper and gold project, Indophil Resources NL. via The Age

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Related Topix: Mining

Tuesday | Peak Oil

BP, Rio Cancel $2 Billion Australian Power Project

Rio Tinto Group, the world's third- largest mining company, and BP Plc, Europe's second-largest oil producer, canceled a plan to build a coal-fired power plant in Australia that would capture and store carbon ... via Peak Oil

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Related Topix: Mining

Monday May 12 | Bloomberg.com

BHP Billiton to Buy Anglo Potash for $282 Million to Gain Canada Project

BHP Billiton Ltd. , the largest mining company, agreed to buy Anglo Potash Ltd. for C$284 million to gain access to a project in Canada. via Bloomberg.com

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Related Topix: Mining, BHP Billiton

Sunday May 11 | Bloomberg Business News

Oxiana Shares Surge in Sydney on Speculation Xstrata May Make Takeover Bid

Oxiana Ltd. , buying Zinifex Ltd. to become the world's second-largest zinc producer, rose the most in seven weeks in Sydney trading amid speculation of a possible takeover offer from Xstrata Plc. via Bloomberg Business News

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Related Topix: Mining

Friday May 9 | PR-inside.com

Communique from Boliden AB's Annual General Meeting, held on 8th May 2008

The dividend is scheduled for disbursal by VPC on 16th May 2008. Withdrawal of the company's own shares The 2007 Annual General Meeting mandated the Board of Directors to buy a maximum of 10 per cent of the ... via PR-inside.com

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Related Topix: Mining

Thursday May 8 | Earth Times

Mustang Reports Positive Results From Prefeasibility Study at Maskwa Open Pit Nickel Project

“Based on more recent open cycle studies... further improvements to recovery may be available by modifications to the reagent scheme.”

Mustang Minerals Corp., today announced positive results from the prefeasibility study completed for the Company's Maskwa nickel-copper-platinum group metals project located near Lac du Bonnet Manitoba. via Earth Times

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Related Topix: Mining

Wednesday May 7 | Reading Eagle/Reading Times

Earnings: Reading-based Carpenter Technology reports $120 million in net income

“Our third-quarter financial results fell short of our original expectations, due to reduced demand in our economically sensitive markets and higher operating costs”

Carpenter Technology Corp., Spring Township, on Tuesday reported net income for the third fiscal quarter of $120.0 million or $2.49 per diluted share, compared with $66.6 million or $1.27 per diluted share a ... via Reading Eagle/Reading Times

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Tuesday May 6 | International Business Times

Higher expenses help cut Cleveland-Cliffs 1Q profit

Iron ore and coal producer Cleveland-Cliffs Inc. said Tuesday its first-quarter profit fell 49 percent as higher expenses and a one-time charge offset record revenue. via International Business Times

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Related Topix: Cleveland Cliffs, Mining

Monday May 5 | Canada NewsWire

Petaquilla Copper Delivers Arbitration Notice to Teck Cominco

Trading Symbol TSX: PTC VANCOUVER, April 29 /CNW Telbec/ - Petaquilla Copper Ltd. via Canada NewsWire

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Sunday May 4 | The Associated Press | Posted by The Associated Press

Corporate boards' pay grows with workload, regulations

“People are not joining boards because of the compensation”

After ConAgra Foods' board slashed the company's dividend by 34 percent as part of a restructuring plan, a few shareholders suggested the board should also feel the pain and slash its own pay by roughly one-third.

Not surprisingly, the suggestion shareholder Don Hudgens made during the 2006 annual meeting, didn't fly even though former ConAgra chief executive Mike Harper supported that idea. Board chairman Steven Goldstone was quick to defend what ConAgra pays its directors, saying it is difficult to find and keep good people on the board. Read more

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