ASARCO has filed a Plan of Reorganization with the US Bankruptcy Court in Corpus Christi, Texas. The plan implements the previously-announced sale of ASARCO’s operating assets to Sterlite (USA), a subsidiary of Sterlite Industries (India). and Vendanta Resources. It also contains the framework of agreements that ASARCO is formulating with its principal creditors - the US government […]

Environmental and ground engineering consultancy Golder Associates (UK) has acquired 100% share equity of Rock Mechanics Technology (RMT). Based in Bretby, Derbyshire, UK, RMT is a highly qualified and experienced team of internationally renowned rock mechanics and geotechnical specialists providing consultancy services to the mining and civil engineering industries. The acquisition of this rock and […]

NovaGold Resources has reached a binding agreement to sell 100% of its NovaGreenPower subsidiary for up to $40 million to AltaGas, a Calgary based energy infrastructure company. NovaGreenPower owns several development-stage run-of-river hydroelectric projects located in northwest British Columbia. “NovaGold’s strategy is to focus our financial and management resources on the advancement of our core […]

Anglo American has an approved project pipeline increased to $15 billion to deliver substantial volume growth in the most attractive commodity segments:

Significant new iron ore and coal production on stream in 2008
Collahuasi debottlenecking on schedule to enter production in Q4 2008
Barro Alto nickel project 40% complete and on track for Q1 2010
Minas-Rio - phase 1 […]

Eramet has completed the first phase of the acquisition of the Norwegian company Tinfos, relating to approximately 56% of its share capital. The acquisition of Tinfos will result in an increase of approximately 20% in the production of manganese alloy by Eramet Manganese and reinforce its position as one of the world’s leading producers of […]

Teck Cominco has entered into an agreement with Fording Canadian Coal Trust under which Teck will acquire 100% of Fording’s assets, which consist principally of a royalty in respect of Fording’s 60% non-operating interest in the Elk Valley Coal Partnership. Elk Valley Coal is the world’s second largest producer of seaborne hard coking coal. Elk […]