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Gold Prices Declines From Record in Asia as Rally Encourages Selling
Gold prices dropped for the first time in three days in Asia as some investors sold the metal to lock in gains after its rally to a record and as the dollar advanced.
Bullion’s 14-day relative strength index has held at more than 70 since Nov. 13, a chart signal that gold prices may be set [...]
Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
Strait Asia Resources Plans To Increase Coal Mine Production to 20 million tones by 2012
In Reuters news online reported, Singapore listed Straits Asia Resources aims to more than double its annual coal production to 20 million tonnes by 2012 and may acquire two Indonesian coal mines to achieve that target.
Australian Mining Sector Forecast Iron Ore and Copper Mine Production Increase To June 2010
Australia forecast a strong rise in iron ore production and a 10 percent jump in copper mine output in the year to June 2010, even after factoring in a more prolonged economic slump that has already triggered supply curbs.
Australian Mining Companies Forecast Strong Increase Iron Ore-Copper Mine Production
Australia forecast a strong rise in iron ore production and a 10 percent jump in copper mine output in the year to June 2010, even after factoring in a more prolonged economic slump that has already triggered supply curbs.
China Iron & Steel Company Candidate Expansion Pilbara Iron Ore Project
Hunan Valin Iron & Steel has pipped China’s largest steelmaker, Baosteel, as the leading candidate to fund a $3billion-plus expansion of the Fortescue Metals Pilbara iron ore project.
Anglo Mining Company Opinion, Mining Exploration and Industry in South Africa Needs Integrated Strategy
South Africa needs a clearer and more integrated coal and energy strategy for the next decade and beyond, Anglo American PLC said.
Coal Mine Exploration Project in Gloucester Resources
More than 250 people crammed into the Gloucester Shire Council chambers for a hastily called public meeting on December 22 after news of land purchases and the start of a drilling program by coal exploration licence holder Gloucester Resources.
US Underground Coal Mine Market Reported, Joy Global Q4 Profit Rises on 40% Sales Growth
Mining equipment manufacturer Joy Global Inc. announced Wednesday morning that fourth quarter profit rose from last year, helped by strong demand for its original equipment and aftermarket parts and services, partially offset by negative impact of currency translation.
