Copper soared to a record high on Thursday as a strike in Peru stoked supply fears and as investors sought alternatives to equities, while surging oil pushed aluminium to a four-month peak.
Copper for three-month delivery on the London Metal Exchange was at $8,810 a tonne at mid-session, down from an earlier record high of $8,940. […]
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 […]
Shares of BHP Billiton surged to a record high on Wednesday, fuelled by speculation that a state-controlled Chinese firm was building a stake in the world’s biggest mining company.
Much of the speculation centred on giant Chinese aluminium maker Chinalco, already the largest shareholder in Rio Tinto which BHP is seeking to acquire in a hostile, […]
Some reports mentions that Indonesia will release demarcation order of coal mining products export. This thing is done for the agenda of mengantipasi requirement usage of energy in country.
State China and India interests to do investment in exploration sector and coal mining in Indonesia.
But report gets is argumentative from Direktur Bidang Mineral Departemen Batubara and […]
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 […]
Indonesia’s PT Aneka Tambang said on Thursday it expects to meet its 2008 nickel output target despite shutting one of its smelters for repairs.
First-quarter nickel output of 4,362 tonnes was little changed against the same period a year ago, it said.
The company said it had so far reached 26 percent of its production target of […]
Rio Tinto Ltd/Plc , under pressure to broaden its reach in commodities as it fights a takeover by BHP Billiton Ltd , said on Tuesday it had agreed to tax clauses with Indonesia needed before it can develop a nickel mine costing $1.5 billion.
Rio has largely been absent from nickel mining and hopes to start […]
Result of exploration of mine in afrika south done by Anglo mine company American Plc, experiences downdraft following report result of exploration of Anglo mine American Plc :
Platinum Anglo Ltd, experiences downdraft of 24 % or 428,600 ounces from year before all. Result of exploration of coal 28 percent or 223 million metric tons. Produce […]
The aluminum tycoon Oleg V. Deripaska said Thursday that he had bought 25 percent of the Arctic mining company Norilsk Nickel, a deal that furthers Mr. Deripaska’s quest to consolidate the Russian metals and mining industry.
The transaction continues a pattern in Russia of uniting companies separated in the breakup of the Soviet Union and the […]
BHP Billiton Ltd. (BHP.AU) Wednesday posted higher third quarter iron ore and oil production but coal, copper, aluminum and nickel output were lower on year.
SINGAPORE (Dow Jones)–South Korea’s state procurement agency has issued tenders for 6,000 metric tons of aluminum ingot and 6,000 tons of copper cathode, a senior official at the agency said Wednesday.