The Swedish company plans to list its mining tools division by 2018 in the biggest-ever shakeup of the group, which could spark takeover interest.
SWEDEN Mining News
Sandvik has signed an agreement to divest its Mining Systems operations, reported in the Sandvik income statement as discontinued operations, to the private equity company CoBe Capital.
Solving a problem a customer experienced when drilling in abrasive rock conditions has led to a groundbreaking new design for drill bits.
The environmental group is after Vattenfall's lignite business in eastern Germany, in a bid to scale back the operations put up for sale by the Swedish state-owned energy giant.
Part of the firm's CH800 series of mining cone crushers, the two models aim to help improve productivity and profitability in the mid-range segment.
Affected by anemic iron ore prices, the Swedish firm joins an increasing number of miners that have fallen by the wayside.
The firm is closing several facilities in the U.S. and Europe, as part of a two-year business reorganization set to conclude in the next fiscal.
These are the first cases to come out of a global probe into allegations of widespread rate-rigging in foreign exchange markets.
The bank, which is the world’s largest private lender, is also expected to announce an agreement regarding alleged collusion and manipulation in the foreign exchange market.
Vast stretches of northern Europe’s wilderness will soon host more mining companies going ahead with several projects in the area.
Arctic region's vast riches set to attract over $100 billion in investments over the next decade.
Other two Canadian jurisdictions —New Brunswick and Newfoundland and Labrador— also made it to the top 10 worldwide. Kyrgyzstan and Venezuela, named the two countries mining enthusiasts should stay away from.
Metso's Q3 mining and construction orders fell 19%. Sandvik's net profit fell 22%.
Operator said Tuesday it is ready to restart nuclear plant.
For buying phosphate from sources they qualified as off-limits.
A group of 707 Chileans is seeking compensation for health problems allegedly caused by Boliden's toxic waste dumped near their homes in the eighties.
To avoid collapse caused by iron ore mining activities.
About 35% of the town will move, including 65% of the apartments, over the course of several years.
Meanwhile try avoiding Indonesia, Vietnam, Venezuela, Democratic Republic of Congo (DRC), Kyrgyzstan, Zimbabwe, Bolivia, Guatemala, Philippines, and Greece, says Canada's leading public policy think-tank.
Projects in northern Sweden and Finland.
French company partners with Australia's Aura Energy to explore the Haggan Project.
The company's copper-gold project is being explored in part with Antofagasta Minerals.
Metso has signed a major service contract with Northland Resources AB, consisting of a six-year service, maintenance and inspection program for the Kaunisvaara iron ore processing plant, located in northern Sweden. The contract complements previous equipment and mill lining services order, announced in 2011. The total value of the order is EUR 73 million, including the previously signed contract worth EUR 19 million.
The company, advancing iron ore projects in Sweden and Finland, decided to increase the size of the equity offering announced earlier in February due to "high demand" . Together with a fully subscribed bond offering the company is now raising close to $700 million.
Elgin Mining and Gold-Ore Resources Announce Merger Creating Growth Oriented International Gold Producer, Developer and Explorer
Elgin Mining Inc. (TSX VENTURE:ELG) ("Elgin Mining") and Gold-Ore Resources Ltd. (TSX:GOZ) ("Gold-Ore") are pleased to announce the execution of an arrangement agreement to complete a business combination (the "Transaction"), whereby Elgin Mining will acquire all of the issued shares of Gold-Ore by way of a plan of arrangement.