Equity markets need to get used to considerably more volatilty in global metals price cycles as the “norm” rather than presume sudden movements are the end or start of bull or bear runs, according to a senior resources financier. They were also told that the positions of hedge funds within the resources boom and the emergence of […]

Teck Cominco Metals selected Invensys Process Systems to implement a new mesh network-based Foxboro I/A Series (www.foxboro.com) automation system for the electrolytic and melting plant processes at Teck Cominco’s metallurgical operations at Trail, in southeast British Columbia, Canada.
The Trail complex is one of the world’s largest fully-integrated zinc and lead smelting and refining complexes. […]

Massey Energy has announced new safety initiatives designed to help prevent underground mine fires and to improve mine fire response efforts. Massey Energy is headquartered in Richmond, Virginia, USA with operations in West Virginia, Kentucky and Virginia.
“We believe these new initiatives will dramatically improve mine safety,” said Massey Energy Chairman and CEO Don Blankenship.
The new […]

Rusal, the world’s third largest aluminium producer, has started exploration work in the Plesetsky area of the North Onega bauxite deposit. Rusal expects to determine reserves of 250-300 Mt. The exploration now underway involves drilling 147 boreholes and the evaluation of the recovered samples. The exploration programme, estimated at $7 million, is expected to be completed by mid-2008. Based on the exploration results, a feasibility study […]

Caterpillar and China’s National Development and Reform Commission (NDRC) have signed a letter of intent through which Caterpillar and NDRC will promote the development of China’s remanufacturing industry. Caterpillar Group President Stu Levenick and NDRC Resources Conservation & Environmental Protection Department Director General Madame Zhao Jia Rong signed the letter of intent.
“Remanufacturing is […]

IAMGOLD  and Cambior have agreed to a $3 billion transaction to create a new million ounce plus gold producer. The new company will continue under the name IAMGOLD. Under the terms of the transaction, which is structured as a Plan of Arrangement, Cambior’s common shareholders will receive 0.42 common shares of IAMGOLD for each […]