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Chile Copper Export Revenue Falls 18.4 Pct In August
The value of Chile’s copper exports amounted to $2.177 billion in August, down 18.4 percent from $2.669 billion in the same month a year ago, central bank figures showed on on Tuesday.
The value of Chile’s copper exports totaled $2.542 billion in July, the central bank reported last month.
Chile is the world’s top copper producer, mining [...]
BHP and Rio Tinto Iron Ore Joint Venture, Positive for Brazilian Mining Company
BHP and Rio Tinto’s $140 billion iron ore joint venture has been good news for Brazilian iron ore giant Vale, according to a senior figure in Brazil’s asset management industry — one of the world’s top 10.
“The fact of the merger will be seen as positive for Vale,” said Itau-Unibanco Asset Management global product specialist [...]
Mining Exploration Project, Production and Finance in World Trade and Market
LONDON (Dow Jones)
- United Company Rusal is to increase the level of aluminum production it cuts to 4% of its total global output, or around 168,000 metric tons a year, a company spokeswoman told Dow Jones Newswires Monday.
Usibelli’s Estimate Coal Mine Resource in Alaska’s
Steve Denton, Usibelli’s vice president for business development, believes his company could supply coal to a new mine-mouth coal-fired power plant, such as one proposed by Usibelli at Emma Creek, for $1.50 to $2 per million British Thermal Units, which could be one-third to half the cost that gas brought to Interior Alaska from the [...]
Coffin Protest Seeks To Bury Chilean Coal-Fired Plants
Chile is one of Latin America’s star economies, driven by sales of its No. 1 export copper, but the country’s growth has been limited by dependence on its neighbors for fuel.
The country is seen becoming self-sufficient soon as new power supplies come on line, though opponents say Chile is selling out its environment in the [...]
Two Biggest Mining Companies After Merge, An Ambition Becomes The Biggest Mine Company In World
Marius Kloppers is determined to win his $127bn battle to merge BHP Billiton and Rio Tinto, but must beat regulatory hurdles – and Rio’s opposition. Ruth Sunderland met a late starter who could become one of the globe’s most powerful men.
Marius Kloppers, chief executive of mining giant BHP Billiton, could be the patron saint of [...]
Oil eases while gold breaches $900
Oil prices weakened on Thursday after a strong surge in the previous session while gold briefly regained the $900 level and base metals weakened across the board.
Nymex May West Texas Intermediate dipped 70 cents to $104.18 a barrel after rising $3.85 on Wednesday and touching a session high of $105.10.
ICE May Brent lost 80 cents [...]
Scotiabank’s Commodity Price Index Climbs to a New Record, As The Mining Boom Continues
Expansion of nuclear power pushes up both uranium and molybdenum prices
Scotiabank’s Commodity Price Index, which measures price trends in 32 of Canada’s major exports, rose to new heights in March, up 3.8 per cent month-over-month and 3.2 per cent above the previous record in December 2006. The All Items Index has advanced by 123.4 per [...]
Friction between Chavez, Silva on energy
President Hugo Chavez attempted to derail a U.S.-Brazil ethanol agreement as host of an energy summit on Monday, offering his own development plans for South America using Venezuela’s vast reserves of oil and natural gas.
Despite Chavez’s clash on ethanol with Brazilian President Luiz Inacio Lula da Silva, the two leaders smiled and shoveled cement side-by-side [...]
