Search Results
Oil Rose Above $80 a Barrel Caution Ahead of OPEC Meeting
Oil prices rose above $80 a barrel on Tuesday as equities rallied but gains were capped by caution ahead of an OPEC meeting and expected monetary policy moves from the world’s top two oil consumers, the United States and China.
U.S. crude oil prices for April rose $1.14 to $80.94 a barrel by 1315 GMT, after [...]
India Ore Miner Hindustan Copper Sale Approval 20 percent Stake
Hindustan Copper Ltd., India’s largest miner of the ore, may receive final approval for a 20 percent stake sale in the next two weeks as part of the government’s asset sell-off plan.
The proposal to offload 10 percent of state-run Hindustan Copper and the company’s plan to sell a similar stake will be placed before Cabinet [...]
Russian Companies Interest Find New Oil and Gas Fields
Against the background of difficult international energy market conditions Russian companies have become less interested in finding new oil and gas fields and developing existing deposits. Notably, the country’s gas monopoly Gazprom dropped its earlier plans to take over a giant Kovykta deposit and has postponed the development of yet another huge project, Shtokman.
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 [...]
Canada Stocks Rise for Seventh Day on Gold Companies Profits
Canadian stocks rose for a seventh day, the longest rally in 11 months, as three of the country’s four largest gold producers by market value beat earnings estimates.
Barrick Gold Corp., the world’s biggest producer of the metal, gained 3.3 percent after announcing it will spin off its African operations. Kinross Gold Corp., the country’s third- [...]
Gold Prices Steady Near Two-Week Highs
Gold prices steadied near two-week highs on Wednesday after rallying on a rise in the euro the day before, with investors continuing to take their cue from the single currency for direction.
In the near-term, if investors keep cutting short positions on the view they had sold the single currency too much on worries about Greece, [...]
Brazil Invests Multi-Billion Dollar for Natural Resources in Africa
Brazil, South America’s largest economy, is riding the growing tide of investment in Africa.
In fact, it is boldly poised to edge out other newly emerging economies such as hina and India with multi-billion dollar investments in natural resources. In Africa, once remote regions of Mozambique are reportedly turning into boomtowns, bustling with migrant workers and [...]
US Gold Ends Above $1,090/Oz on Currency Volatility
U.S. gold futures ended above $1,090 an ounce on Thursday as investors turned to the metal as a hedge against currency market volatility after news that European governments agreed in principle to support heavily indebted Greece.
GOLD
- COMEX April GCJ0 settles up $18.40, or 1.7 percent, at $1,094.70 an ounce.
- Range $1,072.90 to $1,098.40.
- April rises [...]
Southern Gold Increased Gold Mines Exploration And Drilling Activities In Kratie
Southern Gold Limited, a mining company that focuses on the exploration of gold mines, has announced a gold mining exploration plans with a high intensity in the region of Cambodia. Gold mine exploration plan is called “aggressive exploration program”. Increased intensity of gold mining exploration in Cambodia against the backdrop of many sources of gold [...]
