Search Results
Gold Prices Flat as US Dollar Pares Gains on US Data, Mining Stocks Mixed
Spot gold prices once again were steady around US$1,125/oz after showing yet more volatility yesterday, when the yellow metal slipped below US$1,120/oz after almost reaching US$1,135/oz, largely in response to movements in the currency markets.
Gold fell after the euro weakened against the US dollar on comments from a Greek official, who said that the country [...]
Russian Companies Interest Find New Oil and Gas Fields
Against the background of difficult international energy market conditions Russian companies have become less interested in finding new oil and gas fields and developing existing deposits. Notably, the country’s gas monopoly Gazprom dropped its earlier plans to take over a giant Kovykta deposit and has postponed the development of yet another huge project, Shtokman.
Coal Production Costs James River Coal 4Q Decline
Coal miner James River Coal Co. reported a loss of this coal mining company in the fourth quarter narrowed, but the resulting coal production decreased.
James River Coal said it lost $ 3.2 million, or 12 cents per share, compared with a loss of $ 33.6 million, or $ 1.26 per share, in the quarter a [...]
Shares of Iron Ore Exporter, Rio Tinto and Fortescue Fell
Changes in trade shares of mining companies experienced a sharp decline after the fall of commodity prices since August 2009. Shares of mining companies reported and the largest exporter of iron ore, Rio Tinto fell 5 percent to A $ 66.60 on the Australian stock exchange. Fortescue Metals slumped 5.5 percent to reach.
Australian Mining Company Riversdale Plans To Build Coal Mines In Mozambique
Riversdale is an Australian mining company which has mining exploration investment in some countries. The increase in demand for coking coal and thermal coal from the steel industry and power plants to encourage increased investment in Riversdale opening new coal mines to increase coal production, so the company can compete with other coal mining.
Newcastle Thermal Coal Prices Fall in First Decline in 3 Weeks
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks.
The index for coal prices at the New South Wales port decreased $1.25 to $84.75 a metric ton in the week to yesterday from $80 the previous week, according to the globalCOAL NEWC Index.
Investors Bet On Upbeat Prospects For Asian Gold Mining Companies
Gold miners enjoyed a sizable rally Wednesday, particularly in Australia and China, with prices for the precious metal climbing to a fresh record high and growing speculation that Beijing will boost its gold purchases to offset the U.S. dollar’s decline.
“Everything is working in gold’s favor,” said Cameron Peacock, a market analyst at IG Markets in [...]
Coal Production From UK Coal Mining Company Lower Than Expected Target
Britain’s biggest coal producer, UK Coal reported a lower production than expected, prompting the company’s stock declined in the period of seven months. The problem companies face is a deep mine production. Mining company expects coal production could reach 6.2 million tons, but the company can only produce 5.7 to 5.8 million tons of coal [...]
Mexico Gold Production Increases, United States Gold Production Decreased
Report submitted by the USGS said gold production in Mexico has doubled while the United States gold production fell by approximately 35%. The same opinion delivered by the president Timmins gold mining companies. As known Canadian mining companies do a lot of gold mining exploration activities in Mexico.
