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Chinese Demand Coal and Iron Ore Effect Australian Mining Boom
Australian Mining Boom Stokes Profits, Narrows Record Deficit
Australia’s mining boom, stoked by Chinese demand for coal and iron ore, helped boost company profits by the most in more than seven years and narrow the nation’s current account deficit from a record.
Company profits advanced 14.3 percent in the second quarter, more than six times the 2.3 [...]
Mechel Reports 2007 First Quarter Financial and Production Results
- Revenues of US$1.4 billion -
- Operating income of US$327.7 million -
- Net income of US$205 million, US$1.47 per ADR or US$0.49 per diluted share -
Mechel (Nachrichten) OAO (NYSE: MTL), a leading Russian integrated mining and steel group, today announced financial and production results for the first quarter ended March 31, 2007.
US$ thousand 1Q 2007 [...]
This Week’s IPOs Part III: Atlas Energy, Altra, DCT Industrial, Genesis Lease, Isilon Systems
Abbi Adest submits: More IPOs on deck for this week: Atlas Energy Resources (TSX: ATN.TO – News), an LLC which manages natural gas and oil production in the Appalachian Basin; Altra Holdings (Other OTC: AIMCF.PK – News), which produces mechanical power transmission and motion control products; DCT Industrial (DCT), a Denver-based REIT; Genesis Lease (GLS), [...]
