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Oil eases while gold breaches $900
Oil prices weakened on Thursday after a strong surge in the previous session while gold briefly regained the $900 level and base metals weakened across the board.
Nymex May West Texas Intermediate dipped 70 cents to $104.18 a barrel after rising $3.85 on Wednesday and touching a session high of $105.10.
ICE May Brent lost 80 cents [...]
U.S. Coal Mine Exploration and Production 2008 Reports Increase 1,2 Percent
U.S. Department of Energy’sEnergy Information Administration revealed that total U.S. coal production was 22.74 million short tons in the week ended September 27.
Production so far in 2008 is 1.2 percent higher than at the same point in 2007.
This compared to 22.56 million short tons in the previous week. In the comparable week last year, the [...]
Cue Capital Corp. Plans Drilling-Yuty Uranium Project, Paraguay
Cue Capital Corp. (“Cue”) is pleased to provide an update on the Yuty Uranium project in the Republic of Paraguay. Cue has the right to earn a 70% interest in the Yuty Concession through ownership of 70% of the issued and outstanding shares of Transandes Paraguay, S.A. (Transandes) as provided for in the earn-in agreement. [...]
Read moreCitic Pacific Iron Ore Mine Contract in Australia
Citic Pacific Ltd., the Hong Kong arm of China’s biggest state-owned investment company, replaced two finance executives and predicted as much as HK$15.5 billion ($2 billion) in losses from unauthorized currency bets.
A loss of HK$808 million has been incurred from terminating some leveraged currency contracts, and an additional HK$14.7 billion in losses are possible, Hong [...]
India’s National Aluminium Plans To Import 130,000T From Indonesia And Australia
India’s National Aluminium Co Ltd is planning to import 130,000 tonnes of coal, including from Indonesia and Australia, to help ease an energy shortfall, a company source told Reuters on Tuesday.
“It should start coming in by this month end,” one source said, adding state-run trading firms were involved in the import.
“The coal situation has [...]
