An analysis of reports on last year’s financial by the Big 4 miners show that cost inflation — for the most part — is here to stay, Jefferies & Co. said in a report issued today. In its “Metals & Mining: Takeaways from the Big 4,” looking at the 2011 reports by Anglo American, BHP Billiton, Rio Tinto...
Responding to press speculation, Anglo American plc confirmed over the weeked it has received a preliminary proposal from Xstrata plc “which may or may not lead to a transaction involving the Group.” Shortly afterward, Xstrata confirmed that “it recently sent a written proposal to the board of Anglo American seeking their consideration of a...
Formation Capital Corp. U.S. has been notified by the Forest Service that an appeal has been filed by Xstrata plc to the January Record of Decision for Formation Capital’s Idaho Cobalt Project (ICP) in Lemhi County, east-central Idaho. Xstrata made the filing through its subsidiaries Noranda Mining Inc., Noranda Exploration Inc. and the Blackbird...
Major companies have been investing billions into mining operations in Peru, but falling base metal prices, along with higher costs, are squeezing that nation’s trade surplus — and future investment. A trade surplus that had hit $8.36 billion in 2007 as prices for copper, zinc, gold and other metals continued toward their peaks dropped...
