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Nomura Holdings Inc Research : Iron Ore Contract Prices and Coking Coal has doubled in 2010
Nomura Holdings Inc. reported the results of research on changes in iron ore contract prices in 2010. Nomura Holdings estimated contract iron ore prices in 2010 will increase by 70%. While banking institutions estimate the iron ore price will rise 40% – 50%.
China to Invest Billions Dollars in Canadian Mining Company
One of the Asian economic superpower, China secretly increase investment in Canadian mining company. China investments through the purchase of Canadian mining company shares. China Investment Corp. already has a gold mining company shares Canadian Kinross Gold Corp. (K-T17.87-0 .68-3, 67%) and Potash Corp. of Saskatchewan, (POT T109.34-1-.71-1, 54%).
China Gold Production Reached 313.98 Tons Increased 11.5 Percent
Official Xinhua news agency reported China’s domestic gold production increased year reached 313.98 tons increased 11.34 percent. China’s domestic gold production from the mine site located in the province of Shandong, Henan, Jiangxi, Fujian and Yunnan. Gold production from the five provinces to reach a total 59.48 percent of China’s domestic gold production.
Eldorado Gold Increase Gold Production Reached 75 Percent in 2010
Canadian gold quarry companies, Eldorado Gold Corp. are planning an increase in gold production in 2010 to reach 75 percent. Production of gold produced by gold mining company Eldorado in 2009 approximately 342,820 ounces. In 2010 this mining company expects gold production to reach 550,000 to 600,000 ounces.
Australian Iron Ore Producer, Atlas Iron Would Sell 70 Percent Stake In Iron Ore Mines Ridley
Steel maker China, India, Korea and Japan are interested in buying stakes iron ore mine owned by Australian iron ore producer, Atlas Iron Ltd. Purchasing stakes iron ore mines in order to anticipate competitive iron ore demand from steel manufacturers of the world.
Jinshan Gold Mines Agreed To Loan U.S. $ 40 From China National Gold Group
Jinshan Gold Mines to get loans from the China National Gold Group. Value of loans approved for U.S. $ 40 million. Loan facility must obtain approval from the Toronto Stock Exchange. The proceeds will be used by Jinshan Gold Mines to pay the bill draft which was published in December, 2006 valued at CDN $ [...]
Australian Mining Company, Resolute Mining Increases Gold Mining Resource Extraction In Africa
Australia is the largest producer after China’s gold mines. Australian mining companies looking for sources of gold mines that have the potential to do exploration. Resolute Mining, one of Australian mining companies who have invested in gold mining project in Mali. Value investing has issued Resolute Mining on gold mining project in Mali $ 186 [...]
Gold Prices Increase on Falling Supply and Rising Demand
February gold futures broke $1200 for the first time a little after 4AM New York time. February 2010 is now the major front month contract after the expiration of the December contract on November 30th.
Gold futures were up 14% in November, the best monthly performance in ten years. Silver was also up 14%. Gold traded [...]
Investors Bet On Upbeat Prospects For Asian Gold Mining Companies
Gold miners enjoyed a sizable rally Wednesday, particularly in Australia and China, with prices for the precious metal climbing to a fresh record high and growing speculation that Beijing will boost its gold purchases to offset the U.S. dollar’s decline.
“Everything is working in gold’s favor,” said Cameron Peacock, a market analyst at IG Markets in [...]
