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Gold Prices Flat as US Dollar Pares Gains on US Data, Mining Stocks Mixed
Spot gold prices once again were steady around US$1,125/oz after showing yet more volatility yesterday, when the yellow metal slipped below US$1,120/oz after almost reaching US$1,135/oz, largely in response to movements in the currency markets.
Gold fell after the euro weakened against the US dollar on comments from a Greek official, who said that the country [...]
Bjorkdal Gold Mine First Quarter Operational Results
Gold-Ore is an international mining and exploration company with one operating gold mine and several gold and base metal exploration properties at various stages of development.
The Bjorkdal Gold Mine and the company’s exploration properties are all located in the safe, highly developed and mining friendly jurisdiction of Sweden. Bjorkdal, is currently producing gold from both [...]
Bullion Monarch Mining Income Third Quarter Report : Revenues Increased 49 percent, Increase Volume from Newmont Mining Operation
Precious metals royalty and resource development company, Bullion Monarch Mining announced record quarterly revenue of US$1.5 million for the company’s third quarter ended January 31, 2010, up approximately 49% from the same period in 2009.
The jump in revenues was due to increased grades and volume at the Leeville underground gold mine in Nevada’s Carlin [...]
Shanxi Puda Coal Received Approval to Consolidate Four Additional Coal Mines in Pinglu County
In order to improve production efficiency and safety in the workplace and to reduce coal mine accidents, in early 2009, the province of Shanxi, the government issued a policy requiring the merger and consolidation of companies in the coal mining province of Shanxi. In accordance with government policy, large corporations coal production given the opportunity [...]
Barrick Gold Operation Continued Bulyanhulu Gold Mine in Tanzania
Bulyanhulu gold mines had closed several days due to a fatal accident, three miners trapped 900 feet below ground and can not be saved. Bulyanhulu gold mine is a gold mine operated African Barrick Gold. But on Friday, African Barrick Gold has announced that the Bulyanhulu gold mines have been operating again.
African Barrick Gold said [...]
Oil and Gas Company Plans : Royal Dutch Shell to Boost Oil Production, Closes Petrol Stations and Cuts 2,000 Jobs
Royal Dutch Shell plans to exit 35pc of its petrol station markets, reduce refining capacity by 15pc, cut around 2,000 jobs by end of 2011, make cost saving of $1bn this year and sell non-core assets worth $1bn-$3bn a year.
“The company had become too complicated and slower to respond than we’d like. So we are [...]
China Iron And Steel Association Opposes Iron-Ore Producers Increase Iron Ore Price in 2010
The China Iron and Steel Association (CISA) strongly opposes the attempt by foreign miners to increase benchmark iron ore prices by 80-90 percent in 2010, it said in a statement on Tuesday.
“On the afternoon of March 11, Eurofer (the European steel industry association) made a statement on its website strongly opposing the intention of iron [...]
Oil and Gas Company Financial Report : American Oil & Gas Plans Acquisition and Development Oil and Gas Properties
American Oil & Gas Inc. reports a net loss to common stockholders of $10.3 million (loss of $0.21 per share, basic and diluted) for the year ended December 31, 2009 (”2009″), as compared to a net loss to common stockholders of $24.2 million (loss of $0.51 per share, basic and diluted), for the fiscal year [...]
CONSOL Energy Acquires Dominion Resources Natural Gas Assets
CONSOL Energy CNX made headlines today by acquiring the natural gas assets of Dominion Resources D for about $3.475 billion. This deal makes sense from the perspective of both parties, as Dominion is primarily a stable utility, whereas CONSOL already has a sizable presence in Appalachian natural gas production. At first glance, we think the [...]
