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Oil and Gas Company Financial Report : American Oil & Gas Plans Acquisition and Development Oil and Gas Properties
American Oil & Gas Inc. reports a net loss to common stockholders of $10.3 million (loss of $0.21 per share, basic and diluted) for the year ended December 31, 2009 (”2009″), as compared to a net loss to common stockholders of $24.2 million (loss of $0.51 per share, basic and diluted), for the fiscal year [...]
Anglo American Will Sell Mining Assets And Cut Management Layers After Xstrata Down Bid $ 48.2 Billion
Anglo American has started reorganizing since taken over in 2007. Anglo will reset the company management and will sell a number of mining assets owned by Anglo. Assets to be sold mines zinc mining, steel production assets Scaw Metals.
British Mining Company Rio Tinto Reported Iron Ore Production In The Third Quarter Increased 12 Percent
UK’s biggest mining company Rio Tinto reported iron ore production until the third quarter increased 12 percent from last year. Increased production of iron ore produced from the combination of two mining company Rio Tinto. Two mining companies combined yaiut Plc and Rio Tinto Ltd. Rio Tinto.
Steelmaker Japanese and Korean Agreed Iron Ore Prices With Brazilian Mining Companies, Vale
The Japanese and Korean steel company has agreed a contract price of iron ore sales for the year 2009. Iron ore price agreed decreased 28.2% compared to 2008. Iron ore prices agreed by Vale with Japanese and Korean steel companies.
The new price for iron-ore fines is 28,2% lower than that for 2008, while the price [...]
Declines Iron Ore Request, Vale Declines Invesment Of Expansion Of Iron Ore Project
Decline iron ore request by steelmaker company, results iron ore company to reduce invesment to develop project of iron ore.
The biggest iron ore company, Vale cutting of invesment for the price of 37 percent ( $9 billion). Cutting of investment value is caused delay in obtaining permit to expansion of exploration area.
Brazilian Steelmaker Company, CSN Profit Plunges 52% as Global Steel Demand Slumps
Cia Siderurgica Nacional SA, Brazil’s third-biggest steelmaker, said first-quarter profit plunged 52 percent as it cut output to match lower demand amid a global economic slump. Net income dropped to 369 million reais ($174 million) from 767 million reais in the year-earlier quarter,
China Steel Producer, General Steel Holdings Announce Financial and Steel Produce For First Quarter 2009
China steel producer company, non-state-owned, General Steel Holdings announce its financial result for the first quater 0f 2009.
Highlights from the First Quarter of 2009 :
- Shipment volume at Shaanxi Longmen Iron and Steel Co., Ltd. (”Longmen Joint Venture”) reached record high of 654,681 metric tons, a 39.4% year-over-year increase
The Biggest Mining Company, BHP Billiton Selling 28% of Iron Ore Mine Production at Forecast Decline in Contract Prices
BHP Billiton Ltd., the world’s largest mining company, sold 28 percent of its iron ore output at cheaper spot prices after customers deferred deliveries ahead of a forecast decline in contract prices.
China Steel Company May Boost Coking Coal Import After International Coal Mine Prices Dropped
China, the world’s largest steelmaking nation, may boost coking coal imports after international prices dropped, a research company said.
