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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 [...]
China to Invest Billions Dollars in Canadian Mining Company
One of the Asian economic superpower, China secretly increase investment in Canadian mining company. China investments through the purchase of Canadian mining company shares. China Investment Corp. already has a gold mining company shares Canadian Kinross Gold Corp. (K-T17.87-0 .68-3, 67%) and Potash Corp. of Saskatchewan, (POT T109.34-1-.71-1, 54%).
Galaxy Resources Opens Lithium Mine Project at Ravensthorpe in Western Australia
Australia mining companies will make lithium mining exploration in Ravensthorpe, Western Australia. Ravensthorpe mine in the area once used by the mining company BHP Billiton nickel mine exploration, but exploration of nickel mines closed, so that people in the Ravensthorpe area lost their jobs.
Gold Producer Riozim Plans Increase Gold Production From 60 Kg To 80 Kg Per Month
Zimbabwean mining company RioZim plans to ramp up gold production to 80 kg a month from the current 60 kg at its Renco mine by the end of the year, the company’s managing director said on Tuesday.
RioZim, previously owned by Rio Tinto , operates Renco gold mine in southern Zimbabwe and is a 22 percent [...]
Taiyuan Iron and Steel Producer May To Invest in Iron Ore Project in Australia
Taiyuan Iron & Steel Group, China’s biggest stainless-steel producer, is looking to invest in iron ore and nickel resources in Australia and other countries, Chairman Li Xiaobo said.
“We are chasing some iron ore projects as well as nickel,” Li said in an interview in Shanghai, declining to give details. “So far we haven’t settled on [...]
Copper Advances as U.S. Retail Sales Indicate Economic Rebound
Copper climbed in New York and London, ending a four-day losing streak, after stronger-than- expected U.S. retail sales added to signals of an economic rebound.
Iron Ore Producer, Vale Spent $300 Million at Mozambique Coal Mine
Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in its Moatize coal mine and should begin selling fuel from the project by June 2011.
African Rainbow Minerals, Allocate R8 Billion Mining Investment In Zimbabwe
African Rainbow Minerals, a mining company based in the South African, mining investment plan worth R8 billion in Zimbabwe. Mining investment in Zimbabwe is a significant investment option because of the growth of the mining sector in Zimbabwe has a bai prospects. Mining investments done because ARM requires exploration of mines platinum, manganese, iron ore, [...]
Reports Growth Mining Industry Sector In Philippines
Mining industry sector is a sector that can help a country to increase state revenues and overcome the global economic crisis today. Setkor mining industry that can improve the current state of opinion adala mining gold and silver. Philippines have certain expectations on the two gold mines to be operated this year. Two gold mines [...]
