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Mining News

Mining news continually updated from thousands of sources around the net.

1 hr ago | AmericanBankingNews.com

BHP Billiton Limited Sees Unusually Large Options Volume

Shares of BHP Billiton Limited were the target of unusually large options trading activity on Monday. Stock traders acquired 20,854 put options on the company, AnalystRatingsNetwork.com reports.

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Related Topix: BHP Billiton

3 hrs ago | WLUC-TV Negaunee

Cliffs executes letter of intent with Invenergy for combined heat and power cogeneration facility

Courtesy of Cliffs Natural Resources: Cliffs Natural Resources can confirm that Cliffs and Invenergy Thermal Development LLC have jointly executed a Letter of Intent to advance consideration of a combined heat and power cogeneration facility to serve Cliffs Michigan operations. Under the terms of the LOI, Cliffs and Invenergy will work toward evaluating the feasibility of a cogeneration facility with the goal of reaching a decision point within 120 days.

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Related Topix: Invenergy, Cleveland Cliffs, Metals

4 hrs ago | Insider Monkey

Alcoa Inc (AA) Down on Options Activity, Will Rise Again

Alcoa Inc has taken a nearly 2% tumble in trading today, after reaching its highest levels this week since its collapse six years ago at the height of the financial crisis. According to analyst Pete Najarian on CNBC today, the drop is likely only a temporary dip in the stock's upward momentum.

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Related Topix: Alcoa

5 hrs ago | Iol.co.za

Revolt ends AngloGold's planned overhaul

Johannesburg/London - Africa's largest gold producer AngloGold Ashanti has scrapped a planned demerger and rights issue after a shareholder revolt against the overhaul announced five days ago, and might be forced to sell assets to shore up its finances. The South Africa-based gold producer last week unveiled its intention to split its international assets from its South African mines to create a new London-listed company, mirroring moves by other producers to reduce exposure to a country hit by rising labour costs and policy instability.

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Related Topix: AngloGold, South Africa, Startups, Autonomy

10 hrs ago | NewsOK.com

Nucor buying Gallatin Steel for about $770M

Steel company Nucor is buying Gallatin Steel Co. for about $770 million, which will expand Nucor's footprint in the Midwest.

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Related Topix: Nucor, Steel, Ghent, KY

10 hrs ago | CSRwire.com

Barrick Named Mining Industry Leader by the Dow Jones Sustainability Index

Barrick Gold Corporation has been named to the Dow Jones Sustainability World Index for the seventh consecutive year and has been ranked as the top performer in the mining industry category. "We are honored to be included in this highly-respected index once again this year.

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Related Topix: Barrick Gold

10 hrs ago | Business Journal

Nucor to acquire Gallatin Steel in $770 million deal

Charlotte-based steel manufacturer Nucor Corp. has agreed to purchase Gallatin Steel Co.

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Related Topix: Nucor, Steel, Ghent, KY

11 hrs ago | Iol.co.za

AngloGold abandons spinoff plan

AngloGold Ashanti scrapped plans to raise $2.1 billion through the sale of shares and split the company after investors opposed the strategy announced by South Africa's largest gold miner only last week. "A number of shareholders have expressed concerns about some aspects of the proposed transactions, in particular the quantum of the equity capital raising," the Johannesburg-based company said in a statement today.

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Related Topix: AngloGold, Startups, Autonomy, World News, South Africa,

11 hrs ago | Iol.co.za

AngloGold: May sell assets to cut debt

AngloGold Ashanti could sell assets to help reduce debt after a shareholder revolt forced it to pull the plug on its plans for a new London-listed company and a $2.1 billion rights issue, its chief executive said on Monday. "Asset sales are on the cards.

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Related Topix: AngloGold, Startups, Autonomy

12 hrs ago | AmericanBankingNews.com

BHP Billiton plc (BLT) - Investment Analysts' Recent Ratings Updates

BHP Billiton plc received a number of ratings updates from brokerages and research firms in the last week: BHP Billiton plc had its "market perform" rating reaffirmed by analysts at Sanford C. Bernstein. They now have a GBX 2,000 price target on the stock.

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Related Topix: Manufacturing, Industrial Machines, Blount International, BHP Billiton

14 hrs ago | TheStreet.com

Alcoa Lands Boeing to Further Its High-Flying Aerospace Ambitions

Your browser is not supported. Please upgrade to one of the following browsers: Google Chrome Mozilla Firefox Apple Safari Microsoft Internet Explorer 8+ You may proceed to the site by clicking here , however some pages might not work correctly.

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Related Topix: Alcoa, Mozilla, Recreational Vehicle, Safari

17 hrs ago | AmericanBankingNews.com

Rubicon Minerals Corp. Sees Large Drop in Short Interest

Rubicon Minerals Corp. was the recipient of a large decline in short interest during the month of August. As of August 29th, there was short interest totalling 1,084,618 shares, a decline of 3.4% from the August 15th total of 1,122,586 shares, Analyst Ratings Net reports.

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Related Topix: Rubicon Minerals

Sun Sep 14, 2014

Hispanic Business

The Black Keys work fans into fever at Consol

After a colloquial greeting of "Hello Pittsburgh, how yinz doing?" from front man started off the set with a merciless pounding of his drum kit on the opener "Dead and Gone," from their 2011 album "El Camino" and was relentless in his assault on the skins throughout the show. Followed by "Next Girl," the signature gritty guitar work of kicked into high gear and ripped through "Run Right Back," "Same Old Thing" and "Gold on the Ceiling" with a ferocity that seems like the louder it's played, the better it sounds.

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Related Topix: The Black Keys, Blues, Consol Energy, Pop/Rock

International Business Times

Iron Age For Australia Ends As Price Of Key Steelmaking Ingredient Dips Below $83/Tonne

's top export commodity. Price of the key steelmaking-ingredient has been on a downhill trend since Dec 4, 2013 as the benchmark price of iron ore tumbled down 41 per cent.

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Related Topix: Rio Tinto, Companhia Vale do Rio Doce, BHP Billiton

Marine News

Deal to End Lockout at Canada Uranium Mine

Canadian uranium producer Cameco Corp and the United Steelworkers union, which represents 535 workers at the world's largest uranium mine and a nearby mill, have agreed to a tentative deal ending a nearly two-week lockout, both sides said on Friday. Shortly after the lockout began, the union said outstanding issues included pensions, benefits and compensation for working in a remote region.

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Related Topix: Specialty Materials, Cameco

Seeking Alpha

Insider Buys And Sells: American Assets Trust, Michael Kors

Welcome to edition 221 of Insider Weekends. Insider buying increased last week with insiders buying $35.47 million of stock compared to $22.81 million in the week prior.

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Related Topix: Apparel, Michael Kors, REIT, Personal Finance, Financial Markets, Southern Peru Copper Corporation

Seeking Alpha

Claude Resources Drills 26.77 Gpt. Over 8.7 Meters At The...

This could lead to an increase in the company's resource at the Santoy Gap zone and might lead to additional production. Claude Resources just announced that it has drilled a 26.77 gpt.

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Related Topix: Claude Resources

Inside Bay Area

Drummond: Oakland garbage wars heat up

A man outside the Oakland Grand Lake Farmer's Market had a poster in big letters telling people to sign a petition for a "citizens referendum" to stop garbage rates from going up. A few days later, there was another man outside Trader Joe's on Lakeshore Avenue telling the same story with a twist.

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Related Topix: Oakland, CA, Wallbridge Mining Company, Metals

Sat Sep 13, 2014

GuruFocus.com

Weekly 3-Year Low Highlights: TLM, KBR, QSII, ACI

According to GuruFocus list of 3-year lows , Talisman Energy Inc, KBR Inc, Quality Systems Inc, and Arch Coal Inc. have all reached their 3-year lows. The prices of Talisman Energy Inc shares have declined to $9.69, which is 38.5% off the 3-year high of $15.39.

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Related Topix: Quality Systems, Software, Arch Coal, Talisman Energy, Energy, Oil & Gas, Financial Markets

Erie Times News

Massive trailer made by Albion company heading to Peru copper mine

It's the largest trailer they've made since World War II, when they designed and built a special one used in the Manhattan Project. Then the massive trailer will be transported in pieces in six commercial trucks from Rogers Brothers Corp. in Albion to Houston, before being shipped to Peru and used early next year hauling portable drilling rigs through the huge hole in the Earth that is the Toquepala copper mine.

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Related Topix: Albion, PA, Southern Peru Copper Corporation, Erie County, PA, Erie, PA

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