Aluminium
Thursday, October 2, 2008
EMED Mining acquires 100% of Andalucian copper mine
Story link: EMED Mining acquires 100% of Andalucian copper mine
by Gill Montia
by Gill Montia
Cyprus-based minerals group, EMED Mining Public Limited, is in the process of acquiring 100% of Proyecto Rio Tinto, a copper mine founded by the British in the Spanish region of Andalucia, in 1873. The company is buying MRI Group’s 49% stake in the mine for an initial consideration of £8.2 million in shares. The deal [...]
Wednesday, October 1, 2008
Gold gains on safe-haven status
Story link: Gold gains on safe-haven status
by Elaine Frei
by Elaine Frei
Precious metals prices were higher Wednesday as demand increased on investor worries that even if Congress passes a bailout for the US financial sector, it won’t be enough to stop the damage to the global economy. European Central Bank president Jean-Claude Trichet added his voice to those calling for passage of a bailout to try [...]