NAI Breaking News

First Quantum Completes $470m Lumina Copper Acquisition
Posted 2014-08-21 03:25NAI Editing
Vancouver-based copper miner First Quantum Minerals announced Tuesday that it has completed its $470 million cash-and-share acquisition of über mining entrepreneur Ross Beaty’s Lumina Copper Company.

Top Chinese Gold Miner Sets aside $1bn for African Buys
Posted 2014-08-21 03:18NAI Editing
The National Development and Reform Commission, China's powerful economic planning agency, in May put into effect a new regime to govern overseas investment, making it much easier for domestic compani

Gold Drops as More Hawkish Voices in Fed' Minutes
Posted 2014-08-20 07:30NAI Editing
Gold fell to a two-week low after minutes of the Federal Reserve’s July meeting raised the possibility that interest-rate increases may happen sooner than anticipated.

Fortescue Full-Year Earnings Rise 56% on Higher Ore Output
Posted 2014-08-20 04:19NAI Editing
Fortescue Metals Group Ltd. (FMG), Australia’s third-biggest iron ore producer, said full-year profit increased 56 percent to a record as it raised production.

Impala Platinum Closes Zimbabwe Mine Over Safety Concerns
Posted 2014-08-20 04:18NAI Editing
Impala Platinum Holdings Ltd.

Woodside Sees Better-Priced M&A as Global Energy Giants Sell
Posted 2014-08-20 04:17NAI Editing
Woodside Petroleum Ltd. (WPL), Australia’s second-biggest oil and gas company, sees increasing opportunities to hunt down acquisitions as the world’s major energy producers focus on selling assets.

Enbridge's Midwest Pipeline can Proceed, U.S. Federal Court Rules
Posted 2014-08-20 03:32NAI Editing
“Because a private company is constructing the 589-mile pipeline on mostly privately owned land that is entirely within the territorial borders of the United States, no federal statute authorizes the

Potash Prices, Oversupply Scaring Potential Jansen Partners
Posted 2014-08-19 04:46NAI Editing
BHP Billiton (ASX, NYSE: BHP) (LON: BLT), the mining giant in the midst of a major demerger, said Tuesday that current potash market conditions may be scaring potential partners for its $12 billion Ca

BHP Unveils Spin-off but Disappoints with No Buyback
Posted 2014-08-19 03:55NAI Editing
Top global miner BHP Billiton (BHP.AX)(BLT.L) will spin off a roughly $16 billion company to shareholders, mostly offloading assets acquired in its 2001 merger with Billiton, as it looks to focus on i

Buenaventura Says Buying Gold Fields' 51 pct Stake in Peru Project
Posted 2014-08-19 03:53NAI Editing
Peruvian miner Buenaventura is taking full control of the Chucapaca gold deposit in southern Peru by buying a 51 percent stake in the project from its South African partner Gold Fields, the company sa