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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 [...]
Energy Publishing Release : New Coking Coal Index Responds To Changing Coal Market
The risk of volatility as global steel-making coal markets strengthen led to creation of a new index to facilitate more flexible pricing, developers said Wednesday.
A set of three indices created by Tennessee-based Energy Publishing Co is intended to enable the industry to move away from annual contracts for the coal, also called coking coal, editor [...]
Iron Ore Price in China Market Uncertainty
Iron ore price in China market faces an uncertain condition, because the results of negotiations China Iron and Steel Association with iron ore mining company did not give the results of determination of iron ore prices for 2010. China is the biggest consumer of iron ore, as China has a steel plant enough.
Mining Trade Review : Gold, Copper and Nickel Improve as US Dollar Eases Against Euro
Gold mirrored crude oil’s movement and also got close to Monday’s levels, standing just short of US$1,120/oz on Saturday after slipping below US$1,100/oz during the week amid stronger US dollar.
The US dollar was under pressure on Monday and Tuesday following last week’s move by the Federal Reserve, which hiked the discount rate by 25 basis [...]
Troy Resources Lost Up 2.23 million at Andorinhas Gold Mine, Brazil
Perth-based junior Troy Resources has lost up to $2.23 million worth of gold in a robbery at its Andorinhas mine in Brazil, the company announced yesterday.
According to Troy, a group of armed robbers took three employees hostage on the road leaving the mine before returning to the Andorinhas site where approximately 2,000 ounces of gold [...]
Gold Prices Steady Near Two-Week Highs
Gold prices steadied near two-week highs on Wednesday after rallying on a rise in the euro the day before, with investors continuing to take their cue from the single currency for direction.
In the near-term, if investors keep cutting short positions on the view they had sold the single currency too much on worries about Greece, [...]
Russian Mining Companies GV Gold Will Sell Shares to Fund Expansion
Russian mining company will sell shares in some of the largest stock market in the world, like Hong Kong, London, Moscow and Toronto this year to raise funds used to finance the expansion of a source of new mines.
AngloGold to Cut Production and Mining Exploration Cost In South Africa
Gold producer in South Africa is working to increase gold production to benefit from rising gold prices. But at the same time South African gold producers face problems of increase in labor costs. But this year, gold producers are planning a decrease of production costs and exploration of gold mines in South Africa.
AngloGold Ashanti Ltd., [...]
Newcrest Mining Profit Rises 14% as Gold Price Gains
Newcrest Mining Ltd., Australia’s largest gold mining company, said first-half profit rose 14 percent because of higher gold prices.
Net income was A$176.2 million ($157 million), or 36.3 cents a share, in the six months ended Dec. 31, from A$154 million, or 33.6 cents, a year earlier, the Melbourne-based company said today in a statement. That [...]
