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Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
Mining Market, Prices and Demand, Metal-Copper Steady and Major Mining Hurt Slump
- Copper steady after 2 days of large price swings
- Demand concerns, rising inventories weigh
- Mining majors hurt by slump in prices
Mining Exploration Result Demand Slowdown, Nickel, Zinc, Copper Fall as Slumping Demand Boosts Inventories
Nickel, zinc and copper fell as a global economic slowdown weakened demand for industrial metals used in manufacturing and construction.
BP Inc. Kwinana Re-opening Coal Mine Station In Western Australia
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 [...]
Mining Sector Planning Zimbawe Government
While the world waits for news about the outcome of Zimbabwe’s elections, Zimbabwean newspapers at the weekend reported that Robert Mugabe’s Zanu-PF planned to seize foreign-owned mines to win over votes.
Across the front page of The Zimbabwean yesterday were splashed headlines suggesting that Mugabe had set his sights on foreign-owned mines after running “out of [...]
Mining and energy lead regional climb
European stocks climbed Monday for a third consecutive session, led by mining and energy companies, after metal prices rallied and oil rose to a record.
BHP Billiton, the world’s largest mining company, and Total, the biggest oil refiner in Europe, advanced. Volkswagen led carmakers higher after Goldman Sachs lifted its price estimate for the stock. Clarins [...]
Oil and copper and gold prices slip from recent highs
Gold, oil and copper prices pulled back from early highs on Friday as the U.S. dollar recovered from a new low against the euro.
Commodity prices have risen rapidly in recent weeks as the dollar has fallen against the euro and other world currencies. The dollar sank to a new low Friday against the 13-nation euro, [...]
Uranium Funds Points to Near-Term U3O8 Price Decline
Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months [...]
Indonesia clears mining company in pollution trial
An Indonesian court on Tuesday acquitted a U.S. executive and his company, Newmont Mining Corp., of sickening villagers by dumping dangerous levels of toxins into a bay, in a decision that reassured foreign investors already wary about legal uncertainties in the mineral-rich nation.
Environmentalists, however, were disappointed by the verdict, saying the government missed a [...]
