China Playing a Major Role in Global Silver Market – New Silver Institute Report Explores Dramatic Changes in Last Decade

(Washington, D.C. – December 13, 2012) China’s role in the global silver market has dramatically changed over the past decade. Once a small player in the global market, China today is the world’s leading market for both physical investment and paper trading of silver futures and other similar products, and is the second largest silver …

ArcelorMittal and Nunavut Iron Ore become equal partners in Baffinland

Luxembourg, 13 December 2012 – ArcelorMittal and Nunavut Iron Ore, Inc., a subsidiary of Iron Ore Holdings, LP and a company in The Energy and Minerals Group, have agreed that Nunavut Iron Ore will increase its interest in Baffinland Iron Mines Corporation (Baffinland) from 30% to 50%.  In consideration, Nunavut Iron Ore will increase its share …

Heatherdale Resources Ltd. (TSXV:HTR) Arranges $3 Million Financing

December 13, 2012, Vancouver, BC – Heatherdale Resources Ltd. (“Heatherdale” or the “Company”) (TSXV:HTR) announces that it has entered into an agreement with Sino-Canada Natural Resources Fund I (“Sino-Canada Fund”), pursuant to which Sino-Canada Fund will subscribe for a convertible debenture (the “Debenture”) for an aggregate principal amount of $3 million, which will earn interest …

Botswana Diamonds [BOD] – Update on Botswana Exploration Positive Results from Technical Cooperation Agreement with Diamond Major

Update on Botswana Exploration Positive Results from Technical Cooperation Agreement with Diamond Major Botswana Diamonds plc (AIM: BOD) (“Botswana Diamonds” or “the Company”) is pleased to report positive results from its year-long Technical Cooperation Agreement with a major diamond multinational. 13 specific sites have been identified in the northeast area of Botswana which Botswana Diamonds …

Outokumpu – Restricted share pool programme, plan 2013-2015

The Board of Directors has on 13 December 2012 approved the participant selection guideline and maximum volume in shares of the Restricted Share Pool programme, plan 2013-2015. The Restricted Share Pool is part of the remuneration and commitment programme for selected key resources at Outokumpu. The Restricted Share Pool consists of annually commencing share plans …

100%F D I Permitted in Power Sector

The Minister of State (Independent Charge) for Power Shri Jyotiraditya Scindia informed Lok Sabha today that as per extant policy, Foreign Direct Investment (FDI) up to 100% is permitted in the power sector, under the automatic route, for: i) Generation and transmission of electric energy produced in hydro electric, coal/lignite based thermal, oil based thermal …

Cabinet Committee on Economic Affairs Approves Setting Up of National Electricity Fund

The Minister of State (Independent Charge) for Power Shri Jyotiraditya Scindia informed Lok Sabha today that Cabinet Committee on Economic Affairs (CCEA) has approved the setting up of National Electricity Fund (Interest Subsidy Scheme) to provide interest subsidy aggregating to Rs.8466 Crores on loan disbursement amounting to Rs.25,000 Crores to the State Power Utilities both …

Modernization and Expansion in Visakhapatnam Steel Plant

The Minister of Steel, Shri Beni Prasad Verma has said that the process of expansion of Visakhapatnam Steel Plant’s (VSP) production capacity to 6.3 MTPA against original capacity of 3 MTPA of liquid steel is to be completed in two stages. Installation of new Blast Furnace and Steel Melting Shop to produce additional 2.8 MTPA …