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Canada Stocks Rise for Seventh Day on Gold Companies Profits
Canadian stocks rose for a seventh day, the longest rally in 11 months, as three of the country’s four largest gold producers by market value beat earnings estimates.
Barrick Gold Corp., the world’s biggest producer of the metal, gained 3.3 percent after announcing it will spin off its African operations. Kinross Gold Corp., the country’s third- [...]
India Globalization Capital Announces Two New Iron Ore Contracts Valued at $3 Million
India Globalization Capital, Inc., a company competing in the rapidly growing materials and infrastructure industry in India, today announced it was awarded two new Chinese iron ore supply contracts valued at $3.0 million. The orders total 60,000 metric tons of medium-grade iron ore, or 56-grade.
Brazilian Mining Company Vale Sees Iron Ore Prices Higher In 2010
Iron ore prices will likely rise in 2010, underpinned by growing demand from China, the chief executive of Brazilian mining giant Vale said on Monday, without offering estimates of how much prices could rise.
“I think it’s going to be a positive year, and iron prices are showing a tendency towards increase, but I do not [...]
Steelmaker Company Against Joint Venture Iron Ore Mine Rio Tinto And BHP Billiton
Steelmaker largest company’s, Tata Steel, Posco and BaoSteel against joint venture from iron ore mining company Rio Tinto and BHP Billiton. Steel manufacturers expect the joint venture of the two iron ore mining companies (Rio and BHP) will allow both companies to control the supply of iron ore and iron ore prices.
World Steel Association, which [...]
Alexi Mineral To Start Gold Mine Exploration in Rouyn-Noranda
Alexis mining company has started mining gold exploration projects in the Lac Pelletier Rouyn-Noranda, Quebec. Alexis mining companies have been doing the excavation of two mining zones of the four planned gold mine.
Vale SA Interested To Invest In Lithium Mining Exploitation Project In Bolivia
Bolivia has largest lithium mining potential in the world. Some mining companies have submitted proposals to offer joint exploration lithium mine owned by Bolivia.
Bolivia Salar de Uyuni, Potosi salt flat located in the province, known to contain about half the world’s 11 million metric tons of lithium reserves,
Peruvian Government To Stop The Exploration Of Gold Mines In The Area Of Rain Forest
Border region Peru, Bolivia and Brazil is an area that has a source of potential gold mine for mining companies to exploration. Many mining companies are mining exploration. Gold mining is mining that contributed quite a lot for the three countries. Last year 10 percent of recorded gold production from the Peruvian gold mining area [...]
China Railway Agree To Buy Two Australian Iron Ore Explorers
China Railway Materials Commercial Corp. agreed to pay A$39.8 million ($34 million) to buy stakes in two Australian iron ore explorers to secure supplies.
India Mining Industry Will Reach a Total Value of US$45.40Bn
India is home to a myriad of metals and minerals. Globally, the country is the largest producer of sheet mica, the third largest producer of coal, the fourth largest producer of iron ore and the fifth largest producer of bauxite. Besides these natural resources, India also hosts significant reserves of copper, zinc,
gold and about 26 [...]
