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Mining Exploration and Commodity Trends in 2009
The year 2008 is coming to an end on a positive note for commodities sector as it continues to outperform equities and other financial investment options. In India, commodities sector led by oil, mining and metals have been found to be the greatest wealth generators beating IT sector and real estate in the game.
Rio Tinto Cintinue to Increase Iron Mine Exploration and Production From Pilbara mines
Rio Tinto says its expansion program has paid off with quarterly production records set in iron ore and alumina in the three months to June.
The mining giant said production of iron ore, which is the largest contributor to Rio’s earnings, increased 13 per cent to 41.9 million tonnes from a year earlier as the company [...]
Growth Forecast, Oil Demand to Slow in 2015
The report, which assumes no changes will be made to energy policies and regulations, estimated global energy demand — for oil, natural gas, coal, nuclear and renewables — will rise by 57 percent over the next 25 years.
Over that same period, coal’s share of world energy demand will rise to 28 percent, up from 26 [...]
Baby-step fuel price rises set to continue
China is all but certain to raise retail gasoline and diesel prices for a third time this year, but will not jack up rates by the more than 15 per cent that would be necessary to close the gap with rallying crude costs.
Anxiety over the impact to the economy and backlash from the rural poor [...]
