Search Results
Newmont Mining Gold Producer Reports Earnings Exceed Estimates
Newmont Mining Corp. is one of the largest gold producers in the world. The company reported profits until the fourth quarter sharp jump in excess of Wall Street estimates, the company’s revenue doubled on record prices for precious metals.
Gold production generated by Newmont rose 10 percent on the year and estimated gold production in 2010 [...]
The Biggest Mining Companies, Rio Tinto and BHP Billiton Downgrade Forecast Slashed
Mining giants Rio Tinto and BHP Billiton have had their earnings estimates slashed by up to 45 per cent, as analysts downgrade forecasts because of low metal prices and softer demand.
Subsidiary of Rio Tinto Cancel Aluminum Mine Exploration Investment in Saudi Arabia
A subsidiary of global mining giant Rio Tinto Group said Wednesday it is pulling its investment out of a $7 billion Saudi Arabian aluminum project due to the weakening global economy.
Coal Surge Seen by Mobius as China’s Imports Increase (Update2)
Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring [...]
