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India Mining Industry Will Reach a Total Value of US$45.40Bn
India is home to a myriad of metals and minerals. Globally, the country is the largest producer of sheet mica, the third largest producer of coal, the fourth largest producer of iron ore and the fifth largest producer of bauxite. Besides these natural resources, India also hosts significant reserves of copper, zinc,
gold and about 26 [...]
Canada’s Potash Industry Drawing Both Top Mining Companies
Long dominated by a small group of local players, Canada’s potash industry has become red hot, as soaring prices have begun drawing both top mining companies and small exploration firms to the vast resources buried deep under the western prairies.
Used as a key ingredient in fertilizer, demand for potash has soared along with grain prices, [...]
EOR conference at the 6th Oil and Gas West Asia Exhibition
The Society of Petroleum Engineers will organise a first-class, international enhanced oil recovery (EOR) conference to take place alongside the 6th Oil and Gas West Asia Exhibition, which was started in 1998.
The conference commences on April 21 and concludes on April 23. It will be held at the Golden Tulip Hotel in Muscat, within walking [...]
Coal no longer a dirty word for Pike River float
Pike River Coal Company’s moment of truth arrives on Tuesday when its long-delayed attempt to raise $65 million-plus through an initial public offering for what will be the country’s only listed coal mine closes.
The signs look good.
There are indications Pike River has managed to get acceptances for not only the initial $65m, but for [...]
Madagascar village hopes gold dreams pan out
For 12 years, Lauren Rakotondramara has been panning for gold on the banks of the Ikopa river in the dry western grasslands of this Indian Ocean island.
For hours each day, he digs sand, places it in a panning dish made from an old oil drum lid and swirls it gently in the water, hoping tiny [...]
Metals Bubble Poised to Burst on Increasing Supplies (Update2)
Copper, nickel and lead, the best performing commodities in the past four months, may be the worst by year-end.
On Wall Street, the chorus is getting louder that rising metal supplies are outpacing demand. From Goldman Sachs Group Inc. to JPMorgan Chase & Co. to Societe Generale, there are warnings of a mania that is showing [...]
Zacks Industry Rank Analysis Highlights: Barrick Gold, Campbell Soup Company, Fresh Del Monte, Heinz and Newmont Mining
Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week’s analysis include Barrick Gold (NYSE: ABX – News), Campbell Soup Company, Fresh Del Monte, Heinz and Newmont Mining. To see the Zacks Industry Rank and the trend in earnings estimates revisions for all 208 industry groups.
Zacks Industry Rank Analysis is written by Charles [...]
Billionaire Iorich’s Pala plans investment in gold miners
Pala Investments Holdings Ltd., a $900 million (€694.7 million) investment fund started by Russian billionaire Vladimir Iorich, is studying further investment in mining companies, particularly gold producers.
Gold miners are „near the top of the list” of resource companies the fund wants to invest in, Joseph Belan, managing director at Swiss-based Pala Investments AG, which advises [...]
Cuban Oil and Ethanol Could Prosper in Havana’s Hunt for Energy Supplies
• The pace is now quickening for the Cuban oil industry, whose previous dependence on Moscow for its supplies and operations ended with the demise of the Soviet Union
• Havana is on track for securing energy independence through relationships with foreign investors, including China and Venezuela, among others
• Venezuela proudly flaunts its involvement in the [...]
