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Mining Trade Review : Gold, Copper and Nickel Improve as US Dollar Eases Against Euro
Gold mirrored crude oil’s movement and also got close to Monday’s levels, standing just short of US$1,120/oz on Saturday after slipping below US$1,100/oz during the week amid stronger US dollar.
The US dollar was under pressure on Monday and Tuesday following last week’s move by the Federal Reserve, which hiked the discount rate by 25 basis [...]
Gold Mining Company New Gold Reported Gold Production In The Third Quater 2009 Increased 16 Percent
New Gold Inc. today announced unaudited financial and operational results for the third quarter ended September 30, 2009. Gold production was 79,531 ounces in comparison to 68,801 ounces in the same quarter in 2008. Earnings from mine operations increased by 67% to $22.6 million from $13.5 million in the third quarter of 2008.
Copper Advances as U.S. Retail Sales Indicate Economic Rebound
Copper climbed in New York and London, ending a four-day losing streak, after stronger-than- expected U.S. retail sales added to signals of an economic rebound.
Rio Tinto’s Profits During The Six Months Fell 50 Percent
Global economic difficulties and decline in commodity prices sharply declining revenue impact on the largest mining company, Rio Tinto. Rio Tinto’s earnings decline for six months until June 30 declined 50 percent. Rio Tinto company reported a decline in income during the six months to June 30, profit before tax for the period amounted to [...]
B.C.’s Mining Industry High Coal Prices to Record 2008 Profits
Aggregate pre-tax earnings rose to $3.2 billion, the highest amount in the 41-year history of a PricewaterhouseCoppers survey.
Copper Mining Company, Freeport Mc-Moran’s Reported Quarterly Profit Drop, Copper Mine Prices Slump
Freeport-McMoRan Copper & Gold Inc. on Wednesday reported a huge drop in quarterly profit, although the slumping price of copper was offset by a nearly doubling of gold sales.
Mexican Mining Industry Investment Drop 30% to $10.5 Bln
Mexico’s mining industry investment may drop as much as 30 percent through 2012 as companies slash exploration because of lower metal prices and labor disputes, according to the country’s mining group.
Fluctuation of Copper Mine Prices and Copper Mining Companies Hopes To Increase Mining Production and Earning Profit
The average stock price for listed copper mining specialists has more than doubled from lows seen just three months ago, on hopes that a turning point for the global economy is within sight.
Vedanta Resources To Buy US Copper Mine Company fro $1.7 billion
Metals and mining major Vedanta Resources will buy bankrupt US copper miner Asarco for $1.1 billion in cash and a note worth $600 million, the latter to be paid over a period of nine years.
