Search Results
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 [...]
World Mining Companies Worries Development Of Global Recession
Investors hammered mining and energy stocks on renewed fears a global recession would further slash demand for commodities and after BHP warned Chinese demand was set to weaken.
Slumping metals and oil prices dragged resource shares lower on Wednesday, while miner Rio Tinto Plc dismissed talk it planned to launch talks with suitor BHP Billiton Plc [...]
Rio Tinto Increases Result Of Mining Exploration To Fulfill Request Coal Mine
Rio Tinto cancels offer of $142 billion from BHP Billiton, because this mine company will do improvement of activity of coal mine exploration by 2015. The mine company, rio tinto tells improvement of coal mine exploration, caused existence of request increase of coal mine in market result of mining exploration. Cancellation of offer from BHP [...]
China Mine Exploration Expand, Ask Aluminium Mine Producer Cut Production Capacities
The Shanxi provincial government recently asked local aluminum smelters in northern China’s Shanxi Province to cut production capacities by 50 percent due to power shortages, an industry insider told Interfax on July 7.
“Right now, we are arranging production cuts and preparing for equipment maintenance,” an anonymous senior official with Huaze Aluminum & Power Co. Ltd., [...]
Coal Price In World Market and Trade Higher
As consumers struggle to get used to $4-a-gallon gasoline, there’s another source of energy that is becoming more expensive: coal.
The price of a ton of Central Appalachian coal on the futures market was $42.65 a year ago and has risen to around $96, according to figures from the U.S. Energy Information Administration. That increase comes [...]
Mitsubishi Forecasts 25% Net Gain as Oil, Coal Surge (Update3)
Mitsubishi Corp., Japan’s largest trading company, said profit may rise 25 percent this year as soaring oil and coal prices bolster revenue from its energy and commodities businesses.
Net income will probably climb to a record of 580 billion yen ($5.6 billion yen) in the year that started April 1, from 463 billion yen in the [...]
BHP Billiton Ltd. Mining Exploration Oil, Coal, Alumunium, Copper Reported :
BHP Billiton Ltd. (BHP.AU) Wednesday posted higher third quarter iron ore and oil production but coal, copper, aluminum and nickel output were lower on year.
SINGAPORE (Dow Jones)–South Korea’s state procurement agency has issued tenders for 6,000 metric tons of aluminum ingot and 6,000 tons of copper cathode, a senior official at the agency said Wednesday.
Utah Oil Promising Alternative Oilfield Source
Years of rising energy demands have significantly depleted traditional and easily-acquired energy resources, even as large deposits of unconventional resources have remained undeveloped due to the high expense and complicated technology involved in extracting them. But with the price of crude oil and gasoline up and supply shrinking, nontraditional resources are being seriously considered as [...]
Natural gas price forecast stable next month
Wednesdaya resident and chief executive officer of MDU Resources Group, said : Natural gas price next morht forecast stable. Forecast background, U.S. storage levels are at their highest mark in 13 years,
“We’d all like to know how to predict prices,” said Terry Hildestad, who was in Billings to keynote the Montana Petroleum Association’s appreciation luncheon [...]
