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Mining News

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

54 min ago | Silicon Alley Insider

Rare Earth Metals Were Supposed To Be The 'Can't-Lose' Investment Of...

Rare Earth Metals Were Supposed To Be The 'Can't-Lose' Investment Of The Decade - Look How That Turned Out Molycorp went public in July 2010 at $14 per share, right as the price of rare earth minerals started to take off. The 2010 surge in rare earth prices prompted ZeroHedge to write : "Ever heard of the oxides of Lanthanum, Cerium, Neodymium, Praseodymium and/or Samarium? With price surges between 250% and 600% in one quarter, you may wish you have."

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Related Topix: Molycorp, Metals, TV, Electronics, Greenwood Village, CO

1 hr ago | Forbes.com

Profitability Is Gold Mining's Biggest Issue -- Randgold's Mark Bristow

"Kitco" is a familiar name to many people who visit our world-famous, award-winning website www.kitco.com. With its compelling combination of an online precious metals store, live spot prices, expert market commentaries, up-to-the-minute news and usable market information, our website attracts nearly a million visits every day.

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Related Topix: Randgold Resources, Business News

2 hrs ago | The Motley Fool

3 Reasons Alcoa Inc. Stock Could Rise

The stock's 2011 highs proved short-lived, though, as Alcoa went on to get cut in half once again before its explosive move higher in the past year. With all those volatile moves, investors want to know whether Alcoa can keep climbing from here or if the aluminum company is doomed to suffer another leg down.

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Related Topix: Alcoa, Financial Markets

2 hrs ago | Barron's

Morning Movers: SodaStream Jumps on Takeover Chatter; Regeneron Rises on FDA Designation

S&P 500 futures have fallen 0.1%, while Dow Jones Industrial futures have dropped 0.2%. Nasdaq Composite futures have declined 0.2%.

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Related Topix: Arch Coal, Peabody Energy, Financial Markets

5 hrs ago | AmericanBankingNews.com

Antofagasta plc Upgraded to Hold by Deutsche Bank

Shares of Antofagasta plc opened at 24.72 on Tuesday. Antofagasta plc has a 52-week low of $24.55 and a 52-week high of $31.97.

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Related Topix: Antofagasta

7 hrs ago | Bloomberg

African Barrick to Drop Parent's Name in - Rebranding'

African Barrick Gold Plc , a mining company majority-owned by Canada's Barrick Gold Corp. , said it will drop its parent's name when it unveils a new corporate identity in November. "It's part of the rebranding of ABG, being independent of Barrick," African Barrick Chief Executive Officer Brad Gordon said yesterday in an interview in Denver.

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Related Topix: Barrick Gold

Mon Sep 15, 2014

Resource Investing News

Heron Resources Frees Up Register to Progress Woodlawn

Heron Resources announced last Friday that the last of its two major cornerstone investors has exited the company, with Vale selling down its 9-percent stake via a book build to local retail and institutional investors. That follows the departure of BHP Billiton , which sold its 10.4-percent stake in late August in an off-market transfer to Sprott and Exploration Capital Partners 2008.

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Related Topix: BHP Billiton, Smith International, Energy, Oil & Gas, Australia, Oceania, World News,

Reuters

After standoff, Vale and China's Cosco both claim shipping victory

In the end, the answer to Brazilian miner Vale's Chinese shipping problem turned out to be in the problem itself. ) Valemax mega-ships - designed to cut the costs of transporting iron ore to China - have not been allowed to dock at Chinese ports, stalling the miner's $4 billion strategy.

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Related Topix: South America, Brazil, World News, BHP Billiton

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

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

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

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

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

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

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

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,

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

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

TheStreet.com

Alcoa Lands Boeing to Further Its High-Flying Aerospace Ambitions

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Related Topix: Alcoa, Mozilla, Recreational Vehicle, Safari

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

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