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Gold Prices Increase To in London as China Increase Gold Mine Reserves and Prodution
Gold rose to a three-week high in London, heading for its first weekly gain since March, after a report that China’s reserves of the precious metal increased 76 percent since 2003.
Gold Mining Companies on Haven Demand, Gold Prices Best Quarter in a Year
Gold headed for its best quarter in a year on increased demand for the metal as a store of value and a hedge against accelerating prices, with central banks ramping up spending to fight the global recession.
US Copper Mining Company, Asarco LLC Slowdown Copper Mine Exploration in Texas
US copper miner Asarco LLC shut its rod and cake plants in Amarillo, Texas and is planning periodic slowdowns at the copper refinery beginning next week as a response to depressed market conditions, the company said.
Vedanta Group Plans To Expand Mining Exploration and Production in India
Vedanta Group plans to pump in USD 13.514 million in India by 2011-12, in its goal to make it the company world’s fifth largest metal and mining entity.
Vedanta Group Plans To Invest in Copper Mine, Iron Ore and Other Mining Exploration Sector
London based Vedanta Group plans to pump in Rs 700 billion in India by 2011-12, in its goal to make it the company world`s fifth-largest metal and mining entity, reports Business Standard.
First Private Sector Gold Exploration Company In India
Deccan Gold Mines Ltd., the first private sector gold exploration company in India, announced that the company has signed a memorandum of understanding or MoU with JB Mining Holdings Ltd.Hong Kong, for mining exploration in North East Africa.
As per MoU, Deccan Gold Mines Ltd. scope of work includes carrying out the entire gold exploration, resource [...]
Condition Of Commerce Of Mining Exploration Sector, Gain Of Massey Merger On US Coal Mine Exploration
Taker over mine company Alpha Natural Resources Inc. by Cleveland-Cliff equal to $10 billion is an the biggest acquisition process in coal industry.
While the worldwide bear market slowed mergers and acquisitions by 35 percent in the first half of the year, takeovers of energy and mining companies jumped 33 percent so far this year as [...]
Mitsubishi Forecasts 25% Net Gain as Oil, Coal Surge (Update3)
Mitsubishi Corp., Japan’s largest trading company, said profit may rise 25 percent this year as soaring oil and coal prices bolster revenue from its energy and commodities businesses.
Net income will probably climb to a record of 580 billion yen ($5.6 billion yen) in the year that started April 1, from 463 billion yen in the [...]
Indonesia Antam to reduce dependence on nickel
But nickel is the main business of the company whose sales revenue more than quadrupled to 4.1 trillion rupiah ($451.1 million) – JAKARTA, Oct 3 – Indonesian state-owned miner PT Aneka Tambang plans to reduce its dependence on nickel and step up its gold and bauxite business in coming years, a senior company official said.
The [...]
