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Nomura Holdings Inc Research : Iron Ore Contract Prices and Coking Coal has doubled in 2010
Nomura Holdings Inc. reported the results of research on changes in iron ore contract prices in 2010. Nomura Holdings estimated contract iron ore prices in 2010 will increase by 70%. While banking institutions estimate the iron ore price will rise 40% – 50%.
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 Fields Terminates Royalty Over St Ives
Gold Fields Limited is pleased to announce that an Agreement has been executed in terms of which the royalty payable by Gold Fields’ wholly owned Australian subsidiary, St Ives Gold Mining Company Pty Ltd (St Ives) to Morgan Stanley Bank’s subsidiaries, (Royalty) has been terminated for a consideration of A$308 million.
Gold Fields Terminates Royalty Over St Ives
Gold Fields Limited is pleased to announce that an Agreement has been executed in terms of which the royalty payable by Gold Fields’ wholly owned Australian subsidiary, St Ives Gold Mining Company Pty Ltd (St Ives) to Morgan Stanley Bank’s subsidiaries, (Royalty) has been terminated for a consideration of A$308 million.
Mining Exploration Forum Discuss : Financing Option for Increase Mining Venture and Mining Operation
A two-day forum that starts tomorrow will discuss financing options for mining ventures amid increasingly difficult economic conditions worldwide.
Mining Exploration Companies Competition Review, Rio Tinto and BHP Billiton Mine Exploration Result Sale
European Union antitrust regulators widened a probe of the BHP plan earlier this month saying they have “serious doubts” about a combination that would control more than a third of the world’s iron ore, the main ingredient in steel. Metals prices dropped 15 percent since March on concern that growth in China, India, the U.S. [...]
Rusian Nickel Mining Exploration Company, Norilsk Nickel Disappointing 1Q Financial Results
The world’s top nickel and palladium miner, Norilsk Nickel [OTC:NILSY; LSE:MNOD], announced disappointing first quarter financial results on May 4, in the wake of its major deal with Russia’s aluminium giant United Co. Rusal. Amid analysts’ warnings of value dilutive repercussions stemming from the deal, Norilsk’s unexpected first quarter losses appeared to raise some doubts [...]
Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
Bulge bracket firms dominate in Asia
While bulge bracket firms did not dominate the Financial Times/StarMine Awards for Europe in 2006, they certainly did in Asia.
Independent research houses have made significant in-roads in the US and Europe but, judging from the results, when it comes to producing accurate company analysis the emerging markets of Asia require an altogether higher level of [...]
