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Brazil Iron Ore Mining Company, Vale Decline Mine Production Fell 1.8 percent
Cia. Vale do Rio Doce, the world’s biggest iron ore miner, fell 1.8 percent, leading a decline in commodity producers. Brazilian stocks dropped, paring the week’s gains, as an increase in unemployment in the U.S. signaled the global recession is deepening.
Read moreAtwood Oceanics posts strong first-quarter earnings
Atwood Oceanics Inc. reported Tuesday that its fiscal year first-quarter net income increased 45 percent from the same period in 2005.
The Houston-based drilling contractor said net income for the three-month period ending Dec. 31 was $21 million, or 67 cents per diluted share, on revenue of $88.8 million. That was compared with $14.5 million, or [...]
ENSCO International Updates Contract Status of Offshore Rig Fleet
ENSCO International Incorporated (NYSE:ESV – News) announced today that its Contract Status of Offshore Rig Fleet Report has been updated as of December 15, 2006.
The Report is available on the Company’s website at http://www.enscous.com and can be accessed from the home page by clicking on “Rig Contract Status.” The Report also can be accessed through [...]
Peabody Energy Considers Mining Tax Impact of Macarthur Coal Bid
Macarthur Coal Ltd. signaled its readiness Tuesday to defend itself against any attempts by its suitor Peabody Energy Corp. to bargain down its US$3.8 billion takeover offer in the wake of new mining taxes proposed by Australia.
U.S. miner Peabody, the world’s dominant producer of coal for use in blast furnaces, has told Macarthur that it [...]
Gas prices big decline ; Consumer prices edge up
Reported in July consumer prices edged up by smallest amount in eight month as gasonline prices.
Consumer inflation rose by a tiny 0.1 percent last month, smallest advance since price were flat last November. Core inflation volatile energy and food.
The inflation performance was economist expectation. The declining inflation pressures will give the Federal Reserve room to [...]
