Freeport McMoRan ripe for takeout, analysts say
Freeport McMoran Copper & Gold is currently valued so low that it is an excellent target for a takeover, according to media reports today.
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Final report on Newmont’s $4.8 billion Conga gold project delivered to Peru’s Government
The long-awaited and twice-postponed report from international experts on the environmental impact study (EIS) for Newmont and Buenaventura’s US$4.8 billion copper-gold project, the Conga mine, is finally in the Peruvian government’s hands.
$4bn subsidy for Australian mine sector
The federal government gives just over $4 billion in direct subsidies to mining companies each year, mainly in the form of cheap fuel and tax breaks for building roads and railways, according to a report by the Australia Institute think tank.
Mongolian government tells SouthGobi Resources to stop mining
Three weeks after SouthGobi Resources' $925 million deal with Chalco, the Government of Mongolia told SouthGobi that it had to suspend exploration and mining activity on certain licenses.
Silicon Valley looks east for cheap energy to power data centers: Greenpeace
While Silicon Valley maybe a center of the environmental activism, Greenpeace issued a report on Tuesday accusing IT companies of setting up data centers in the eastern United States where power is cheaper and dirtier.
Sunny day for uranium miners; Energy Fuels grabs Denison’s American assets
Denison Mines (NYSEAMEX:DNN) was up 14.69% to $1.64 on Tuesday after announcing Energy Fuels Inc. (TSE:EFR) will acquire all its mining assets and operations located in the United States in exchange for 425.44 million common shares of EFR.
Pele Mountain waves gold goodbye to focus on rare earths and uranium
Canadian rare earth explorer Pele Mountain Resources Inc. (TSX-V:GEM)(OTCQX:GOLDF) announced today that it has entered into a binding agreement to sell its Highland Gold projects to a wholly owned subsidiary of Prodigy Gold Inc. (TSX-V:PDG) for US$1.8 million.
Business as usual for mining companies despite todays’ earthquake in Chile
Chile’s state-owned mining company Codelco, the world’s largest copper producer, reports normal operations following an early morning earthquake northeast of the port city of Valparaiso and which registered 6.7 on the Richter scale.
BHP Billiton to start work on its Port Hedland outer harbour this week
BHP Billiton will begin working on its ambitious Port Hedland outer harbour project this Friday, the first step of Western Australia’s biggest dredging plan, which it will cost the miner at least $10 billion.