Mining news continually updated from thousands of sources around the net.
1 hr ago | AmericanBankingNews.com
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.
3 hrs ago | WLUC-TV Negaunee
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.
4 hrs ago | Insider Monkey
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.
5 hrs ago | Iol.co.za
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.
10 hrs ago | NewsOK.com
Steel company Nucor is buying Gallatin Steel Co. for about $770 million, which will expand Nucor's footprint in the Midwest.
10 hrs ago | CSRwire.com
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.
10 hrs ago | Business Journal
Charlotte-based steel manufacturer Nucor Corp. has agreed to purchase Gallatin Steel Co.
11 hrs ago | Iol.co.za
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.
11 hrs ago | Iol.co.za
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.
12 hrs ago | AmericanBankingNews.com
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.
14 hrs ago | TheStreet.com
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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.
'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.
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.
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.
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.
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.
Updated: Mon Sep 15, 2014 04:29 pm
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