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India Ore Miner Hindustan Copper Sale Approval 20 percent Stake
Hindustan Copper Ltd., India’s largest miner of the ore, may receive final approval for a 20 percent stake sale in the next two weeks as part of the government’s asset sell-off plan.
The proposal to offload 10 percent of state-run Hindustan Copper and the company’s plan to sell a similar stake will be placed before Cabinet [...]
Gold Prices Increase on Falling Supply and Rising Demand
February gold futures broke $1200 for the first time a little after 4AM New York time. February 2010 is now the major front month contract after the expiration of the December contract on November 30th.
Gold futures were up 14% in November, the best monthly performance in ten years. Silver was also up 14%. Gold traded [...]
India Silver Import Falls by 50%, Follow Gold Mine Demand
High prices, dull market conditions and re-cycling of scrap silver materials have led to a big fall in the imports of silver by India, one of the largest importers of the white metal in the world.
China Coal Mining Company, Yanzhou Coal Mining Co. Plans Take Over Felix Resources
Yanzhou Coal Mining Co.’s talks to take over Felix Resources Ltd., whose stock gained 9 percent last year, have stalled after price disagreements, two people with knowledge of the matter said.
India Mining Companies and Industry Sector Plans To Import 100 Million Tons of Coal Mine by 2012
India will import as much as 100 million metric tons of thermal coal by 2012 as new power plants are built, according to Coal and Oil Group, the country’s largest importer of the fuel for energy generation.
Gold Mine Prices and Trade Slip After Drop in Two Weeks
Gold extended losses to trade below $900 an ounce on Thursday, after registering its biggest daily percentage drop in more than two weeks the previous day, as stock markets rallied and the U.S. Fed calmed inflation fears.
Exploration And Produce Of Iron Ore Mine In District Laulana Starts November
Mozambique’s major iron ore mining project in the northern district of Lalaua expected to produce 20 tonnes a day will begin operations in November, reported the daily Noticias on Thursday citing Rui Pinto, a manager of the Indian consortium Damodor Ferro, which is operating the mine.
Pinto was quoted by the paper as saying that the [...]
World Mining Companies Worries Development Of Global Recession
Investors hammered mining and energy stocks on renewed fears a global recession would further slash demand for commodities and after BHP warned Chinese demand was set to weaken.
Slumping metals and oil prices dragged resource shares lower on Wednesday, while miner Rio Tinto Plc dismissed talk it planned to launch talks with suitor BHP Billiton Plc [...]
Mozambique Reports Mining Exploration and Mining Industry Sector Q3 2008
The mining industry of Mozambique is forecast to log an average growth of 9.2% during 2008-2012 and be valued at US$0.38bn in 2012.
The outlook for Mozambique’s mining sector remains bright, with the national director of Mining Resources, Fatima Momade, stating that the mining and oil sectors should be the primary drivers behind GDP growth hitting [...]
