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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 [...]
Australian Gold Mine Producer, Medus Mining Increase Funds To Gold Mine Exploration Project
Australia’s Medusa Mining, Ltd. has allotted more funds this year to explore adjacent areas in its gold mine in northeastern Mindanao, following the discovery of a new gold prospect.
In a disclosure to the Australian bourse, the miner said yesterday that around A$17 million would be spent for exploration projects in the fiscal year 2009-2010 that [...]
India Mining Industry Will Reach a Total Value of US$45.40Bn
India is home to a myriad of metals and minerals. Globally, the country is the largest producer of sheet mica, the third largest producer of coal, the fourth largest producer of iron ore and the fifth largest producer of bauxite. Besides these natural resources, India also hosts significant reserves of copper, zinc,
gold and about 26 [...]
China Became the World’s Largest Supplier of Gold, Surpassing South Africa
The China Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on China’s mining industry
Agreement Of Iron Ore Discount, Brazilian Mining Company With China Steelmaker Company
Vale is the biggest mine company in Brazil. This mine company focus on exploration and produce of iron ore.
Has been reported, China and Japan is two states producing very big steel. Expansion and steel product increase in China and Japan requires supply of a real iron ore many, so that both this states need [...]
Gold Mine Production and Supply in 2008 Falls Lowest in 12 Years
Global gold mine supply contracted by almost 3% in 2008 resulting in production levels falling to a 12-year low. Indonesia output decreased by 35%, South Africa, 14% and Australia 13%, according to Gold Survey 2009 released by GFMS Ltd.
Mining Market and Trade Review; Gold Prices May Down Below $800
In the last few months, gold prices have been on a winning spree, rising to a record $1,000 per ounce on the back of the bloodbath in stock markets and people’s fascination for gold as the best investment asset.
Gold and Metal Prices in London Trade and Market, Gold Prices Drops as Haven Demand Declines
Gold dropped to a 10-week low in London on speculation the world financial crisis may be easing, reducing the precious metal’s appeal as a haven. Silver fell.
Renco Group Inject $165 million Into Mining Companies
Once the Renco Group injects $165 million into Doe Run Peru, El Brocal Mining Company, Buenaventura Mining Company, Glencore and, among others, Volcan are to supply Doe Run with copper, zinc and lead concentrates worth an estimated $100 million and $75 million in credit. This will allow Doe Run to quickly resume its operations.
