Freeport’s stock fell nearly 16% after its plan to move into energy was announced Wednesday and investors, it appears, would have preferred it sticks to what it knows best. (Reuters) – Thursday , 06 Dec 2012 Freeport-McMoRan Copper & Gold Inc’s decision to diversify into energy highlights the dearth of attractive options available in copper, […]
Freeport’s risky energy plan highlights copper woes Read More »
PARIS (Reuters) – The French government announced an agreement with ArcelorMittal on Friday evening regarding the future of Florange, thus avoiding having to carry out its threat to nationalize the Moselle steelworks. The Prime Minister announced that the steel giant had agreed to invest 180 million euros over five years in the steel processing part
Paris avoids nationalizing Florange, Mittal will invest Read More »
WASHINGTON, Dec 1 (Reuters) – House Democratic minority leader Nancy Pelosi announced Friday her intention to launch a petition to demand a House vote on taxes, which the Republican majority refuses. The Democratic camp is thus seeking to break the deadlock in its discussions with the Republicans on tax cuts, one of the points of
Pelosi wants to force Republicans to vote on taxes Read More »
PARIS (Reuters) – Industry Minister Arnaud Montebourg says a potential buyer for ArcelorMittal’s Florange site has been found and is willing to invest 400 million euros to renovate it. The French government has found a potential buyer for steelmaker ArcelorMittal’s Florange site in northeast France, Industry Minister Arnaud Montebourg said on Wednesday. « We have a buyer
French govt. finds potential buyer for ArcelorMittal site Read More »
Paris (Le Figaro) – The government has found a buyer for the ArcelorMittal site in Florange (Moselle), which is ready to invest nearly 400 million euros if the steelmaker agrees to sell it, said the Minister for Industrial Renewal, Arnaud Montebourg, today . He reiterated during the question period in the National Assembly that the French authorities were now expecting proposals
France vs ArcelorMittal: The State has found a buyer for the Florange site (Montebourg) Read More »
While the United States will continue to be highly dependent on foreign PGM exports through 2020, the nation could ease its dependence through recycling, the U.S. Geological Survey suggests. A U.S. Geological Survey scientific investigations report forecasts that South Africa, Russia, Canada, and Zimbabwe will continue to be the principal sources of PGM for at
Global platinum mining capacity to increase 38,000 kg by 2015—U.S. Geological Survey Read More »
The resignation announced on Friday of Cynthia Carroll, the head of mining giant Anglo American, the world’s number 1 platinum producer, did not surprise insiders, as the group strives to emerge from a violent social crisis in South Africa.”Shareholder discontent had been evident for some time,” Canadian bank BMO noted in an analysis. Just last
The head of mining giant Anglo American resigns amid social turmoil Read More »
The resignation announced on Friday of Cynthia Carroll, the head of mining giant Anglo American, the world’s number 1 platinum producer, did not surprise insiders, as the group strives to emerge from a violent social crisis in South Africa.”Shareholder discontent had been evident for some time,” Canadian bank BMO noted in an analysis. Just last
The head of mining giant Anglo American resigns amid social turmoil Read More »
