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Producers Of Iron Ore And Coal In South Africa Benefit Demand From China
The growth of the industrial sector in China to provide benefits to the mining company in South Africa, especially producers of iron ore and coal. China is a country that has a demand of iron ore and coal the largest at this time.
Global Mining Companies Conference : Mining Companies and Industry Hope Commodity Get Back On Track
Investors have lost a lot of money in mining companies the past few months, but they still seem interested in finding the next big winner.
Coal, Copper And Precious Metals Company Lost USD 2.2 Trillion In Market
By Tuesday last week, the world’s top 20 mining and top 20 oil stocks had lost USD 2.2 trillion in market value (capitalisation), from record highs seen over the past 12 months; ahead of the opening of markets in the Americas on Monday, close to USD 400bn of that lost value had been clawed back.
Chinese Coal Miners Leading in Hong Kong Stock Index
Shenhua Energy led the day’s blue-chip gains, rising 6.9 percent to 36.35 Hong Kong dollars after Goldman Sachs added the company to its conviction buy list. The investment bank said higher oil prices could strengthen demand for coal.
Hong Kong stocks rose Monday, with gains in Chinese coal producers leading the way after Goldman Sachs upgraded [...]
China Reaches To Peru For Copper
One of the last remaining pure-play copper companies has received a takeover bid from metals-hungry China. Aluminum Corp. of China, is trying to buy the Vancouver-based Peru Copper for $792 million in the wake of the apparent failure of another bidder to make a higher offer.
Peru Copper (amex: CUP – news – people ) said [...]
Nickel sets new high, China supports copper
London Metal Exchange nickel hit a new record high, copper approached its seven-month peak and zinc hit a three-month high on Tuesday on concerns about supply disruptions and persistently strong demand, analysts said.
The plan by Peruvian miners to launch a strike on April 30 to demand the country’s president improve pension benefits and eliminate outsourcing, [...]
Around Asia’s markets: Analysts bet on China coal
Investors looking to profit from a surge in Asian coal sales this year may be better off with Chinese producers like China Shenhua Energy and Yanzhou Coal Mining than with their Australian competitors.
While the two nations account for 80 percent of the listed coal companies in the region, Chinese companies have the benefit of the [...]
Harris Steel Group Inc. said on Tuesday it agreed to a C$1.25 billion ($1.08 billion) takeover bid by U.S. steelmaker Nucor
Harris Steel Group Inc. said on Tuesday it agreed to a C$1.25 billion ($1.08 billion) takeover bid by U.S. steelmaker Nucor . Harris Steel said Nucor agreed to bid for all of the shares of Harris Steel at C$46.25 per share. The shares closed at C$43.49 on the Toronto Stock Exchange on Friday.
Gold miners, [...]
Zhaojin Mining IPO draws $282 Million
Share sale of Chinese gold miner benefits from weak U.S. dollar.
Zhaojin Mining Industry, the largest gold miner in the eastern Chinese province of Shandong, raised 2.19 billion Hong Kong dollars, or $282 million, in an initial public offering in Hong Kong that ended last week, according to two bankers involved in the transaction.
Zhaojin sold 172.8 [...]
