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India Ore Miner Hindustan Copper Sale Approval 20 percent Stake
Hindustan Copper Ltd., India’s largest miner of the ore, may receive final approval for a 20 percent stake sale in the next two weeks as part of the government’s asset sell-off plan.
The proposal to offload 10 percent of state-run Hindustan Copper and the company’s plan to sell a similar stake will be placed before Cabinet [...]
Canada Stocks Rise for Seventh Day on Gold Companies Profits
Canadian stocks rose for a seventh day, the longest rally in 11 months, as three of the country’s four largest gold producers by market value beat earnings estimates.
Barrick Gold Corp., the world’s biggest producer of the metal, gained 3.3 percent after announcing it will spin off its African operations. Kinross Gold Corp., the country’s third- [...]
Gold Mining Company New Gold Reported Gold Production In The Third Quater 2009 Increased 16 Percent
New Gold Inc. today announced unaudited financial and operational results for the third quarter ended September 30, 2009. Gold production was 79,531 ounces in comparison to 68,801 ounces in the same quarter in 2008. Earnings from mine operations increased by 67% to $22.6 million from $13.5 million in the third quarter of 2008.
Rio Tinto Group Estimates Iron Ore Production Rose 7.5 Percent
Largest mining company Rio Tinto would predict an increase in iron ore demand from steel makers. Therefore, Rio Tinto will increase iron ore production of 7.5 percent. Rio Tinto iron ore will produce up to 210 million to 215 million metric tons in the second and third quarters. Production of iron ore was sourced from [...]
British Mining Company Rio Tinto Reported Iron Ore Production In The Third Quarter Increased 12 Percent
UK’s biggest mining company Rio Tinto reported iron ore production until the third quarter increased 12 percent from last year. Increased production of iron ore produced from the combination of two mining company Rio Tinto. Two mining companies combined yaiut Plc and Rio Tinto Ltd. Rio Tinto.
China’s Economic Growth Helped Mining Companies To Continue Mining Exploration Project
Anglo American Chief Executive Cynthia provides a view of the growth of the mining company with global economic conditions decline today. Growth in mining and mining exploration activities aided by China’s economic growth is fairly stable. Demand in China’s industrial sector of mining production is stable, although there are some notes about the decline in [...]
Chile Copper Export Revenue Falls 18.4 Pct In August
The value of Chile’s copper exports amounted to $2.177 billion in August, down 18.4 percent from $2.669 billion in the same month a year ago, central bank figures showed on on Tuesday.
The value of Chile’s copper exports totaled $2.542 billion in July, the central bank reported last month.
Chile is the world’s top copper producer, mining [...]
Copper Advances as U.S. Retail Sales Indicate Economic Rebound
Copper climbed in New York and London, ending a four-day losing streak, after stronger-than- expected U.S. retail sales added to signals of an economic rebound.
Short-Term Demand And Changes In Copper Prices Resulted In Lowering The Price Of Copper
Copper prices fell Wednesday as the new concerns raised about the short-term demand and prices may be higher than they should be based on fundamental considerations.
Prices also fell after the London Metal Exchange inventories of the metal used in manufacturing and construction added 1250 tonnes to 316,800 tonnes to its highest level in four months.
