These are boom times for mining companies but the big profits are being eaten into not only by spiraling energy costs but suddenly rising prices for the explosives used to blast into the rocks.
It’s all because of the high price of natural gas, which when converted into ammonia is used to produce ammonium nitrate, […]
News today in Bloomberg reported, BP Inc. Kwinana’s reopening coal mine exploration in Western Australia. BP bid to minimize the effects of a two- month energy shortfall. Before this station, 30 percent reduction in its natural-gas output after a plant exploded.
The 120 megawatt Kwinana No. 1 plant, previously closed down for about two months for […]
Lydian International Ltd., a diversified U.K. mineral exploration and development company, today announced it has signed a 20,000 metre combined reverse circulation and diamond drilling contract to test the bulk tonnage potential and define a gold resource at its Amulsar project in Armenia. The programme will commence in April of 2008 after the snow retreats […]
Newmont Mining (NYSE: NEM) ended the last trading session at $49.57. So far the stock has hit a 52-week low of $38.01 and 52-week high of $57.55. Newmont Mining stock has been showing support around 47.85 and resistance in the 51.77 range. Technical indicators for the stock are Bearish and S&P gives NEM a neutral […]
Franco-Nevada, the Canadian gold and energy royalty company sold to Newmont Mining Corp. in 2002, is set to rise again with an initial public offering aiming to raise more than $1-billion – by far the largest debut on the Toronto Stock Exchange this year.
Hoping to attract the millions of mining investment dollars that have come […]
But nickel is the main business of the company whose sales revenue more than quadrupled to 4.1 trillion rupiah ($451.1 million) - JAKARTA, Oct 3 - Indonesian state-owned miner PT Aneka Tambang plans to reduce its dependence on nickel and step up its gold and bauxite business in coming years, a senior company official said.
The […]
Pike River Coal (PRC) is bullish about coal, ahead of new international prices being set next month.
Pike coal is due to come into production from late April, and prices for that coal will be influenced by November’s talks between Australian coal producers and northern hemisphere customers.
PRC chairman John Dow said supply problems had helped push […]
Signing a memorandum of understanding was just the latest step in creating a mutually beneficial relationship between a First Nation and two mining exploration companies.
Wahgoshig First Nation Chief Dave Babin welcomed president and CEO of Sage Gold Inc. Nigel Lees and CEO and director of Sheltered Oak Resources Inc. Robert Hanson to his band office […]
Newmont Mining Corp. shares declined for a second day Thursday, after the gold miner said production costs might run higher than expected in 2007, while reserves are depleting.
Shares traded as low as $43.78, down 2.5 percent, before recovering some of the loss. In afternoon trading, the stock was down 57 cents, at $44.33, after giving […]
Newmont Mining Corp. has released the second quarter financial and operating results, which include a negative $2.12-billion impact of strategic initiatives completed during the second quarter. For the quarter, the company reported a net loss of $2.06-billion $4.57 per share), compared with net income of $161-million (36 cents per share) for the second quarter of […]