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Mining Investment and Trend Gold Prices : Gold and Other Precious Metals and Minerals Review
After rising by more than 40% in 2009, gold prices faced strong resistance at the USD1,200 per oz level during January 2010. At that stage, prices corrected moderately as investors’ risk appetite increased in response to gradual improvement in global economic conditions. The sharp rise in gold prices over prior months, set against the prospects [...]
Billionaire George Soros Buys Stake In Australian Mining Company
The resources boom might be over, but one of the world’s richest and most influential investors is still prepared to bet that there are good times ahead for Australia’s mining sector.
George Soros, whose fortune is valued at around $US11 billion, has purchased a 20% stake in local copper miner Marengo Mining for just over $8 [...]
Australian Mining IPO Index Companies, Australia Fizzle as Losses in Uranium
Australian initial public offerings may lose money for a second straight year in 2008 as investors retreat from unprofitable commodity explorers and financial companies infected by losses from subprime mortgages.
Bloomberg’s Australian IPO index of 243 companies that went public in the past year fell 2.2 percent in 2007 while the S&P/ASX 200 Index rose 17 [...]
