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Future of Global Steel Industry and Changes Iron Ore Prices 2010
Steel companies in several countries concerned about changes in iron ore prices in 2010. Because of the possibility of iron ore prices in 2010 will rise sharply. Some company’s largest iron ore mining has provided a statement of the plan to raise iron ore prices up to 40%. If there is iron ore price increase, [...]
Gold Producer In Africa, Harmony Gold Mining Reported Fourth Quater Earning Share
Largest gold mining companies in Africa, Harmony Gold Mining companies to report earnings during the period of four quarter fall of 13 percent per share. Companies consider the dividend payment this year. Harmony Gold Mining’s acquisition plan and invest in new projects that can help the growth of the company.
Massive Options Trade Signals Gold Mine Producer
My Options Radar was buzzing late in the day following a massive trade in the Gold Miners ETF.
Trade Breakdown
Gold Miners (GDX) saw a very large institutional player come in yesterday with a large trade that hit the ISE at 3:55pm when 30,000 September $28 puts were sold close to the bid;
Racor Hydrocarbon Plans Filters 45 million litres of Diesel in Latin America Coal Mines
The latest Racor hydrocarbon filters from Parker Hannifin, the global leader in motion and control technologies, are being used to filter more than 45 million litres of diesel each month in one of the biggest opencast coal mines in Latin America.
Australian Gold Mining Sector Can Expect Recovery in 2009
The Australian gold sector can expect a recovery in 2009 as it shakes off negative impacts that have weighed on the sector in recent years despite the metal’s rising price.
China Coal Mining Companies, Shenhua Group Suspended $2.5 billon Mine Project
The biggest China coal mining company has suspended a $2.5 billion mining exploration project. This act impact of global financial crisis.
Chinese Recovering Iron Ore Import and Market
Sinosteel, China’s biggest iron ore importer and trader, says the Chinese ore market is recovering and it wants to “accelerate” shipments from Australia.
Philipine Coal Mine Company, Sultan Mining Needs Capital to Ramp Up Coal Mine Production
Philippine coal miner Sultan Mining & Energy Development Corp. Wednesday said it will use proceeds from its planned initial public offering to ramp up coal production, helping the company to swing to profit within a year.
Sultan produces 1,000 metric tons of coal from its mining claims in Bislig, a town in southern Philippines, up from [...]
Global Mining M&A Activity Reaches Unprecedented Levels
Merger and acquisition activity in the mining sector in North America doubled in 2007, reflecting intense competition for mining assets with a larger number of smaller transactions, according to a study released today by PricewaterhouseCoopers. Although deal value dipped in 2007 to $77.1 billion from $83.2 billion in 2006, the number of transactions skyrocketed from [...]
