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Australian Mining Exploration Reported, Iron Ore an Coal Mine Export Effort Australian Economic Growth
Bloomberg online news reported today, growth of chartered investment Australia to experience increase of this year. Factor assisting growth of this state is existence of export mine exploration result activity, especially at delivery of mining products, iron ore mine and coal mine.
Exports climbed 1 percent to A$21.9 billion ($21.1 billion) in May, the statistics bureau [...]
Flooding at Canada Uranium Mine Is Tied to Blasting by Cameco
Cameco Corp. announced at 2:11 a.m. on Oct. 23 that its Cigar Lake uranium mine in northwest Canada had flooded after a “rock fall,” jeopardizing the world’s richest undeveloped source of nuclear fuel.
In the six months since, Cameco has said little about the circumstances behind a disaster that will delay production at its $25.5 billion [...]
Flooding at Canada Uranium Mine Is Tied to Blasting by Cameco
Cameco Corp. announced at 2:11 a.m. on Oct. 23 that its Cigar Lake uranium mine in northwest Canada had flooded after a “rock fall,” jeopardizing the world’s richest undeveloped source of nuclear fuel.
In the six months since, Cameco has said little about the circumstances behind a disaster that will delay production at its $25.5 billion [...]
Goldman, Deutsche Bank Say Double Down on Commodities (Update1)
Anyone who followed the advice of Goldman Sachs Group Inc. last year and invested $10 million in the Goldman Sachs Commodity Index would have lost 15 percent, or $1.5 million.
Like so many of Wall Street’s best and brightest, Goldman, the biggest securities firm by market value, says it wasn’t wrong, just early, and to expect [...]
China Plans to Shift Use of Foreign Exchange Reserves (Update2)
China, the world’s biggest consumer of coal and metals, will use its foreign exchange reserves to buy “strategic” resources, Vice Premier Zeng Peiyan said.
The government will increase the nation’s purchases of resources for strategic stockpiling when there are “plentiful” reserves, Zeng said in a speech carried on the Ministry of Land and Resources Web site [...]
