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Mining Market, Trade and Production : Commodity Prices Stabilising, Steel Prices Rise, Copper Mine Prices Increase
The prices of most commodities appear to have stabilised, says Anglo American CEO Cynthia Carroll. Read on page 5 of this edition of Mining Weekly of the copper price increasing by more than 50% off its December low, platinum going above $1 200/oz from its sub-$800/oz October lows, nickel going to $12 000/t and zinc [...]
Gold Mining Company, Lihir Gold Plans Expansion Mining Exploration in Papua New Guinea
Australian-listed gold miner Lihir Gold Ltd. will raise $325 million by selling new shares to fund expansion at its Lihir mine in Papua New Guinea to benefit from strong bullion prices, it said on Wednesday.
BMO Analyst Presentation From Mining Companies Conference : Gold Prices Keep Record High, Base Metal to Lag
Gold’s seven-year bull run should continue for at least three more years, although the precious metal could suffer small pullback in the near future, BMO Capital Markets analyst Bart Melek said in a presentation on Monday.
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.
Coal, Copper And Precious Metals Company Lost USD 2.2 Trillion In Market
By Tuesday last week, the world’s top 20 mining and top 20 oil stocks had lost USD 2.2 trillion in market value (capitalisation), from record highs seen over the past 12 months; ahead of the opening of markets in the Americas on Monday, close to USD 400bn of that lost value had been clawed back.
Metals Trade and Market Rebound on Strong China Growth
The industrial metals market rebounded Thursday as investors set aside concerns about sluggish U.S. economic growth and shifted their focus to China’s increasing hunger for raw materials.
Commodities prices rose broadly, with gains in energy, precious metals and agricultural products.
China said Thursday its economy grew a buoyant 11.5 percent in the third quarter, down slightly from [...]
Uravan Minerals Inc. – Boomerang Uranium Project – 2007 Drilling Commences
Uravan Minerals Inc. (”Uravan”) and Cameco Corporation (”Cameco”) commenced a 5000 meter widely-spaced reconnaissance diamond drill program on the Boomerang Uranium Project, Southwest Thelon Basin, NT. Commensurate with drilling operations a 1000 square kilometer geological and structural mapping program and a 2500 square kilometer surface geochemical sampling program have also begun.
Prior to drilling operations, drill [...]
Canadian companies fade from world mining stage
Canadian companies are fading from the world’s mining stage, a study said on Wednesday, with the number of Canadian companies listed in the globe’s top 40 miners shrinking to six last year from 12 in 2003.
Canada has also been surpassed by Britain as the prime market for mining capital, said the annual review by advisory [...]
ThyssenKrupp May Buy Less Nickel as Price Increases (Update3)
ThyssenKrupp AG, the world’s biggest stainless steelmaker, may reduce nickel purchases to cut costs as prices of the raw material rise to record highs.
The company’s may increase output of nickel-free stainless steel to 35 percent of total production from 30 percent, Jurgen H. Fechter, chief executive of ThyssenKrupp’s stainless steel division, said in an interview [...]
