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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 [...]
Reported From Global Mining Conference Analyst, Mining Companies Have Big Oppurtunity on Gold Prices Rush
Even as the world is dumping equity markets and rushing for gold, there is big opportunity for mining companies.
Gold Mine Stock and Mining Companies Not Lost, Profit Margin Shares Attractive
The prospects for equity markets and numerous sector indexes have dimmed during the global recession, but gold and the companies that mine it have not lost their lustre.
Analysist Mining and Industry Sector : China’s Industry Sector Reopen Coal Mine Import After Deal Coal Prices Contract
A months-long dispute between Chinese coal miners and power generators over annual prices has unexpectedly opened the door to rising imports, despite lacklustre demand and a supply glut.
Atlas and Iron Miner Review Of Mining Operation Schedulte After Iron Mine Demand Slowdown from China
ATLAS Iron has joined a growing chorus of emerging iron ore miners reviewing operations amid the demand slowdown from China.
The Perth-based miner said falling demand for iron ore had led to a review of mining schedules, as well as demand forecasts for the short and medium terms.
“Given the current volatility in the iron ore market, [...]
Mining Exploration Companies Competition Review, Rio Tinto and BHP Billiton Mine Exploration Result Sale
European Union antitrust regulators widened a probe of the BHP plan earlier this month saying they have “serious doubts” about a combination that would control more than a third of the world’s iron ore, the main ingredient in steel. Metals prices dropped 15 percent since March on concern that growth in China, India, the U.S. [...]
Potash Market as Demand for The Fertilizer Grows, Rio Tinto Says Eyeing 10% of World Potash Market
Rio Tinto Ltd/Plc wants to grab 10 percent of the world potash market as demand for the fertilizer grows in step with biofuel production, Preston Chiaro, chief executive of Rio’s energy and minerals unit said on Friday.
The push into a new commodity comes as Rio’s board fights a $140 billion all-share takeover by rival BHP [...]
Iron Ore Mining Increase Prices On Market
Steel and mining stocks tumbled Wednesday, but as China and India continue to build their way into the 21st century, steel and the iron ore and coking coal to make it are still hot commodities.
Annual contract prices for iron ore recently jumped 65% to 96.5% on global markets, effective from April. Last year prices [...]
Rio becomes ASX`s first A$100 share
Rio Tinto Group, the world`s third-biggest mining company, on Monday became the first A$100/share (US$84/share) on the Australian Securities Exchange, beating CSL Ltd and Macquarie Bank Ltd to the milestone.
Rio`s shares become the first to reach three figures since the nation`s state-based stock exchanges merged in April 1987.
Shares including Poseidon NL, a nickel explorer, breached [...]
