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Results Of Mining Exploration Company’s In Gold Mine In The Republic Of Congo
Plagued by financing difficulties, contract rows, and image problems, Democratic Republic of Congo’s languishing gold projects are failing to cash in on impressive reserves and healthy prices.
Yamana Gold Inc. Plans Double Gold Production and Increase Earning Profit
Yamana Gold Inc., the owner of the Chapada mine in Brazil, gained the most in more than a month after fourth-quarter profit topped analysts’ expectations.
Mining Stock and Investment : Mining Sector and Banking Higher Sharemarket
Local shares opened slightly higher today on strength in the banking sector and Newcrest Mining.
Weakness in market heavyweights BHP Billiton and Rio Tinto restricted the gains.
Nickel futures crashes 10%, gold weaker
MCX Nickel futures prices crashed by around 10% on the week ended on Friday, mainly on increased offerings by market participants on dull demand from Asian producers, amid reports of lower global output of stainless steel in 2007.
Copper futures and gold futures prices also weakened marginally on continued offerings by operators following weak international markets. [...]
Australian Bank Stocks Fall; Commonwealth Drops, BHP Advances
Australia’s stocks fell for the first time in three days after a U.S. job report raised concern the Federal Reserve may cut rates in the world’s largest economy by less than expected, weakening the boost to global growth.
Commonwealth Bank of Australia, the nation’s second-biggest bank, and Macquarie Group Ltd., the biggest securities firm, fell. In [...]
Mining Trade and Market, December Gold Tops $810/Ounce On Dollar, Oil
December gold futures set a new contract high Friday, reaching levels not seen since 1980 as the dollar continued to weaken and oil increased, analysts said.
Also, sharply higher-than-expected jobs data, the recent Federal Reserve interest rate cut and third-quarter gross domestic product data combined to cause the metal’s traders to begin pricing in inflation.
December gold [...]
World’s mining firms dig in perilous terrain
The world’s biggest mining companies, hungry for metals increasingly tapped out in developed countries, are plunging into risky new terrain. Mining executives are setting up operations in some of the most violent, politically turbulent places, like the Tenke Fungurume copper and cobalt mine Phelps Dodge approved here in December.
Expatriate homes for the Tenke staff have [...]
Tribute Contracts Environmental and Geotechnical Studies
Tribute Minerals Inc. is pleased to announce it has hired Golder Associates Ltd., a global consulting firm specializing in environmental science and ground engineering, out of their Sudbury office in Ontario. They have been hired to conduct baseline environmental and geotechnical assessments on the Garnet Lake Property in order to fulfil government permitting requirements for [...]
Nickel, Lead Rise to Records; Copper at 7-Month High on China
Nickel and lead rose to records and copper advanced to the highest in seven months in London on rising demand from China, the world’s largest consumer of all industrial metals.
Nickel use in China will grow 29 percent this year as the country’s stainless-steel industry expands, Macquarie Bank Ltd. said last week. China’s imports of copper [...]
