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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 [...]
Coking Coal Export To China Increased, Coking Coal Prices $160-170 Per Tonne
Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the Indian economy, spot prices of the raw material are expected to firm up in the international market.
Gold Prices Increase To in London as China Increase Gold Mine Reserves and Prodution
Gold rose to a three-week high in London, heading for its first weekly gain since March, after a report that China’s reserves of the precious metal increased 76 percent since 2003.
Brazilian Biggest Mining Company, Vale Launches Construction of Coal Mine Exploration Project in Mozambique
Brazilian mining giant Vale on Friday launched the construction of a $1.3 billion coal project in northern Mozambique, with the capacity to produce 11 million tonnes of coal per year.
Global Mining Companies Plans Expansions Iron Ore Mine Output
Global iron ore prices are set to decline sharply in 2009 as demand for the steelmaking ingredient shrinks dramatically as a result of deepening world economic recession.
Australian Mining Future and New Investment : China’s Looking For To Buy Mining assets in Australia
Australia said no Chinese companies have been told to withdraw applications to buy into Australian resource firms, despite media reports Canberra was pressuring China to back away from such investment.
China’s miners and steelmakers are looking to buy mining assets in Australia to lock in supplies of raw materials such as coal and iron ore to [...]
All this oil and outward journey nowhere
A combination of East-West geopolitical rivalries and haggling among former Soviet republics is delaying the construction of a series of oil and gas pipelines that could help alleviate the world’s energy-supply concerns.
Energy experts say meeting the world’s increasing energy needs in the coming decades lies in building a dozen existing and planned pipelines capable of [...]
The price of coal is poised to rebound on demand from China
The price of 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 country gets 78 percent of its electricity [...]
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 [...]
