Value of Canadian mining and metals deals almost halved in 2012
The value of Canadian mining and metals deals dropped a dramatic 43% for the first nine months of 2012, revealed Wednesday the latest report by Ernst & Young.
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India’s gold demand to drop 19% in 2012
The World Gold Council (WGC) expects India’s total demand for the yellow shiny metal in 2012 to be nearly 19% lower in 2012 than last year, mainly due to low consumption during first two quarters.
Mining industry could save billions on capital projects – report
Mining and metals companies saw expenditures reach over $140 billion in 2012, but a study published Wednesday by consultants at Accenture (NYSE: ACN) indicates the sum could have been considerably lower.
Sandvik implements further structural measures and adjusts capacity and costs
The new Sandvik strategy presented in September 2011 laid out the path toward a strengthened market leadership position based on four cornerstones.
Goldquest drops one-third again after releasing more drill results
Company closes at 50 cents on Tuesday
INFOGRAPHIC: Silver supply and demand
Traditional uses of silver only account for about a third of silver fabrication. This Infographic explains what happens to the other two-thirds.
China resubmits deal to acquire Canada’s Nexen to US regulator
In an unusual move, Chinese state-owned CNOOC and Canada’s Nexen Inc. (NYSE,TSX:NXY) have resubmitted notice of their potential deal to US regulators, which will reset the clock on Washington’s approval for the $15 billion energy deal.
Barrick to inject $2 billion to Pascua-Lama in 2013
Canada’s Barrick Gold (NYSE, TSX: ABX) will invest about $2 billion in Argentina next year mainly to advance construction at its massive Pascua-Lama gold-silver project, straddling the border with Chile.
Investcorp sells truck parts unit for $1 billion
Persian Gulf-based Investcorp said on Tuesday it had sold US truck and trailer parts distributor FleetPride to TPG, one of the largest private equity investment firms, for more than $1 billion.
