CVRD becomes Vale

Companhia Vale do Rio Doce (CVRD) has changed its name to Vale. Similarly, CVRD Inco will now be known as Vale Inco, aligned with the re-branding of its parent company. Vale says that with the acquisition of Inco last year, Vale took “the second spot among the global mining companies. With its new visual identity the company aims to […]

Xstrata goes for an Arequipa base

Xstrata Copper has made an important organisational change with the creation of the Southern Peru Division, headquartered out of the city of Arequipa, Peru’s second city. ”This initiative is directly related to Xstrata Copper’s growth strategy in Peru,” said Xstrata Copper’s Chief Executive Charlie Sartain. “The consolidation of our existing operations and projects in Southern Peru […]

EUROCOAL emphasises significance of state-of-the-art power stations with high efficiencies and low CO2 emissions

In the opinion of the European coal industry, the European Commission’s objective of maintaining a secure and economic supply of energy while also efficiently protecting the climate can be reached only with a balanced use of all available sources of energy. The three objectives of security of supply, affordability and environmental acceptability also remain valid […]

Massey moves into India

More and more we are seeing India opening up its minerals sector to outside investment. The latest move is Massey Energy entering into an agreement with Essar Mineral Resources, a member of Essar Group of India, to jointly evaluate and develop select business opportunities on a project-by-project basis. The initial focus of the new […]

Accurate mine project studies - essential

IM, is debating international project studies in the December 2007m issue, with contributions being lined up to keep the debate going in 2008. Dorothy Kosich, on Mineweb, yesterday noted that Haywood Securities’ Kerry Smith has suggested the suspensionof the Galore Creek copper-gold-silver project due to capex concerns may indicate broader issues regarding major greenfield […]

Atna and Canyon agree to merge

Atna Resources and Canyon Resources have announced a transaction whereby Atna will acquire all of the issued and outstanding shares of common stock of Canyon. Atna and Canyon believe that the combination will benefit both companies by creating a strong platform for growth with the following characteristics and synergies:

A multi-million ounce gold company highly […]

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