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Mining Exploration and Commodity Trends in 2009
The year 2008 is coming to an end on a positive note for commodities sector as it continues to outperform equities and other financial investment options. In India, commodities sector led by oil, mining and metals have been found to be the greatest wealth generators beating IT sector and real estate in the game.
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.
Subsidiary of Rio Tinto Cancel Aluminum Mine Exploration Investment in Saudi Arabia
A subsidiary of global mining giant Rio Tinto Group said Wednesday it is pulling its investment out of a $7 billion Saudi Arabian aluminum project due to the weakening global economy.
Goldman, Deutsche Bank Say Double Down on Commodities (Update1)
Anyone who followed the advice of Goldman Sachs Group Inc. last year and invested $10 million in the Goldman Sachs Commodity Index would have lost 15 percent, or $1.5 million.
Like so many of Wall Street’s best and brightest, Goldman, the biggest securities firm by market value, says it wasn’t wrong, just early, and to expect [...]
Copper ends slightly lower, nickel up 3.7 pct
Copper drifted lower in thin volumes at the close on Friday and the metal is down by some 10 percent since the start of December with stocks rising.
But other metals on the London Metal Exchange (LME) held firm, with nickel up by nearly 4 percent.
“Copper has been a laggard lately but zinc, lead and nickel [...]
Copper ends slightly lower, nickel up 3.7 pct
Copper drifted lower in thin volumes at the close on Friday and the metal is down by some 10 percent since the start of December with stocks rising.
But other metals on the London Metal Exchange (LME) held firm, with nickel up by nearly 4 percent.
“Copper has been a laggard lately but zinc, lead and nickel [...]
Botswana nickel refinery planned by LionOre
Canadian registered nickel producer, LionOre Mining International is seeking to raise US$620 million to construct the first metal refinery plant for Botswana. The plant will be built next year at its mine, Tati Nickel Mine, north of the capital Gaborone. Last month, the Toronto-based company received government approval to build the plant.
Managing Director Peter Breese [...]
