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Mining Company Earning Reported : Anglo American First-Half Profit Has Fallen 30.6 Per Cent
Global mining giant Anglo American’s first-half profit has fallen 30.6 per cent because of weak commodity prices.
Net earnings dived to $US2.97 billion (about $A3.56 billion) in the six months to June, compared with $US4.28 billion in the same period last year. Revenues sank 37.9 per cent to $US11.13 billion.
Mining Sector Future at South Africa Mine : Mining Exploration and Mining Industrty Sector Report First Quarter 2009
The combined effects of the global economic crisis, plummeting commodity prices and an earlier power crisis have greatly impacted the South African mining sector.
Anglo American Increase Pre-tax Profits 19% Iron Ore, Coal and Copper Mine Exploration Project
Higher commodities prices helped Anglo American increase pre-tax profits 19 per cent in the first half, with its iron ore, coal and copper divisions performing particularly well.
Cynthia Carroll, chief executive, gave an upbeat assessment of the outlook for commodity prices and said that demand from China and other emerging markets would outweigh slower demand from [...]
Denison Makes a New Bid to Acquire OmegaCorp Limited
Denison Mines Corp. (”Denison”) (TSX:DML)(AMEX:DNN) is pleased to announce a new takeover offer to acquire all of the remaining shares of OmegaCorp Limited (”OmegaCorp”) (ASX:OMC) (including any shares issued on exercise of an option issued in OmegaCorp) that Denison does not already own at a price of AU$1.30 per share, for a total consideration of [...]
South Africa: Mining Sector Profits Up 64 Percent
A report by PricewaterhouseCoopers, ‘Mine – Riding the wave’, shows that 2006 was another spectacular year for the global mining industry with net profits rising by 64 percent. They are now 15 times higher than their 2002 level while return on equity reached 33 percent compared to 26 percent in 2005. It also finds that [...]
De Beers, DME to Create Stand Alone Mine Company
Diamond mining giant De Beers and South Africa’s Department of Minerals and Energy (DME) on Friday announced the formation of a new stand alone diamond mining company.
In terms of the deal, announced in Cape Town on Friday, following full consultation with affected parties, the West Coast operations of Alexkor and De Beers Consolidated Mines’ (DBCM) [...]
Gold Price Outlook a key topic of Wall Street Transcript Gold Issue
The Wall Street Transcript has just published its Gold issue, a report offering a timely review of the sector to serious investors and industry executives. This 88-page feature contains a roundtable panel and industry commentary through in-depth interviews with top management from 22 firms. This issue also contains an “Off the Record” Review of Management [...]
Tullow Oil: Record 2006 Interim Results
Tullow Oil plc (”Tullow”) (LSE: TLW), the independent oil and gas, exploration and production Group, announces its interim results for the six months ended June 30, 2006. These results have been prepared in accordance with the Group’s policies under International Financial Reporting Standards (IFRS).
Tullow had a strong first half of 2006. Trading and production reached [...]
