Ivanhoe Mines successfully completes rights offering
Early results indicate approximately 100% of available common shares subscribed, generating $1.8 Billion in gross proceeds
Latest Stories
Major Anglo American reshuffle as Amplats CEO walks away
Neville Nicolau, the head of Anglo American’s platinum business is leaving the company, after the South African unit warned its earnings per share for the first half could drop as much as 78%.
Seaway pipeline expansion almost ready: operators
Canadian Enbridge and Enterprise Products Partners LP have nearly completed work on the Seaway pipeline to increase its capacity from 150,000 to 400,000 barrels per day.
Colombian coal miners’ strike risks Glencore operation
Following a series of recent protests and other problems affecting mining companies with operations in Colombia, coal workers for the local unit of Glencore International went on strike late Thursday, causing the immediate halt of the company's operations in the country.
De Beers’ profit down 53%; Venetia expansion still going ahead
Profit for De Beers, the world's number two diamond producer after Russia's Alrosa, is down 53% for the first half of 2012 affected by worries over consumer demand and shortage of financing for cutters and polishers.
Disgraced Peregrine CEO had a penchant for Spongebob silver
FBI raids on the Iowa offices of Peregrine Financial Group have uncovered a trove of special-edition SpongeBob Squarepants silver bullion amongst the effects of the failed futures brokerage.
Australia’s former China ambassador concedes errors in Rio Tinto’s actions
Geoff Raby, Australia's former ambassador to China, has conceded that mining giant Rio Tinto (NYSE:RIO) committed errors in the lead up to a Chinese bribery scandal several years ago that strained relations between the two countries.
GATA’s Bill Murphy alleges silver manipulation by JP Morgan
Bill Murphy, the controversial head of the Gold Anti-Trust Action Committee (GATA) alleges that JP Morgan engaged in ongoing silver manipulation, and that the company's suspension of such operations were responsible for a dive in silver prices in January 2011.
Sprint Capital acquires Kazakh potash project
Hong Kong private equity firm Sprint Capital has announced the acquisition of a major potash project in the western part of Kazakhstan.