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Mining Exploration and Producer Companies Increase Profit and Added Cost
These are boom times for mining companies but the big profits are being eaten into not only by spiraling energy costs but suddenly rising prices for the explosives used to blast into the rocks.
It’s all because of the high price of natural gas, which when converted into ammonia is used to produce ammonium nitrate, [...]
Australian stocks advances, carried out by Rio Tinto and BHP Billiton
Australian stocks rose, extending a record high. Rio Tinto Group led gains among miners after prices of metals including copper and nickel advanced and after Citigroup Inc. said BHP Billiton Ltd. could afford a $100 billion takeover bid for its smaller rival.
“Mining companies will eventually get re-rated by the market if metals prices manage to [...]
