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South Korea Interested to Invest Oil Exploration Project in Ghana
Ghana’s largest oil field, the Jubilee oil field has been up for grabs, and oil majors from across the world are falling over each other to grab it. And now it is the South Koreans.
Since Komos Energy put up their stake in the Jubilee field for sale, Ghana has been in the spotlight, as [...]
Gold Mining Company Financial Results : Eldorado Gold Corporation Net Income $102.4 million, Gold Sales Increase 29 Percent
Gold sales up 29 percent; Cash Flow $0.38 per share; Earnings $0.26 per share.
Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation, is pleased to report on the Company’s financial results for the fourth quarter and for the year ended December 31, 2009. Eldorado reported net income of $33.3 million or $0.08 [...]
Royal Dutch Sheel Enter New Period of Growth Oil And Gas Production
Anglo-Dutch oil major Royal Dutch Shell PLC said Tuesday it was entering a new period of growth that would lead to significantly higher cashflows on the back of higher oil and gas output and reserves.
It also signaled expectations for oil prices to remain high.
Shell, which has some 11 billion barrels of oil equivalent of new [...]
China Set Up Coal and Coking Coal Futures in Shanxi Coal Mine
China should set up a coal and coking coal futures exchange in Taiyuan, capital city of the coal-rich Shanxi Province, as soon as possible, a lawmaker said Friday.
Launching coal and coking coal futures would allow investors to use arbitrage to preserve value of coal and coke in the production, transportation, and sales process, and would [...]
Wuhan Steel Group Seeks More Iron Ore Assets Overseas
Wuhan Iron & Steel Group, China’s third-biggest steelmaker, is seeking to invest in more overseas iron ore assets to cut reliance on expensive imports, General Manager Deng Qilin said.
“We aim to be self-sufficient in iron ore supplies in three to five years and reduce purchases,” Deng, who’s also chairman of the China Iron & Steel [...]
Newmont Mining Gold Producer Reports Earnings Exceed Estimates
Newmont Mining Corp. is one of the largest gold producers in the world. The company reported profits until the fourth quarter sharp jump in excess of Wall Street estimates, the company’s revenue doubled on record prices for precious metals.
Gold production generated by Newmont rose 10 percent on the year and estimated gold production in 2010 [...]
Soaring Gold Price Pumps Up Canada Miners’ Profit
Two Canadian gold miners reported a sharp jump in core profits on Wednesday, kicking off what promises to be a strong reporting period by gold miners on the back of the metal’s run to record levels last year.
Agnico-Eagle Mines and Iamgold both more than doubled their profit — excluding items — thanks the run up [...]
Shares of Iron Ore Exporter, Rio Tinto and Fortescue Fell
Changes in trade shares of mining companies experienced a sharp decline after the fall of commodity prices since August 2009. Shares of mining companies reported and the largest exporter of iron ore, Rio Tinto fell 5 percent to A $ 66.60 on the Australian stock exchange. Fortescue Metals slumped 5.5 percent to reach.
Report Mining Production and Sales Price of Mining Group Xstrata Plc
One of the largest mining company in the world, Xstrata reported a variety of mining production is managed by the company and the price of each ingredient mines during the year 2008-2009. Reported mine production comes from the various mining exploration undertaken by the company.
