The Australian sharemarket has closed higher, with investors encouraged by the recent strength of global markets. At 4.15pm AEDT, the benchmark S&P/ASX 200 index had risen 53.8 points, or 1.11 per cent, to 4889.0 points - its highest ...
With diminishing diamond production in the aging mines globally on one hand and ever-increasing demand world-wide on the other, the industry would struggle to keep pace during 2013 with growing consumption in emerging economies like India ...
Tags: Diamond, Miners, Growing Demand
Russian steelmaking and mining company Mechel OAO announced Thursday the resumption of work at several of Mechel Bluestone's mining facilities in West Virginia. Due to decreased coal inventories, Mechel decided to resume open-pit mining at ...
Tags: coal mines, steelmaking, mining
On January 23, British Columbia’s energy, mines and natural gas minister, Rich Coleman, released the following opinion editorial on helping customers understand the benefits of smart meters: I am writing to assure your ...
BP said Monday it was too early to estimate when it could restart gas flows from its In Amenas fields in eastern Algeria two days after Algerian forces ended a bloody hostage crisis at the desert gas plant. "Production from the plant ...
Tags: BP, gas, Algerian Gas Plant, gas industry
London-listed resources company Astra Resources has announced that it is negotiating the acquisition of up to three iron ore mines in the Keonjhar district of the Indian state of Orissa. Three iron ore mines have been identified to meet ...
Tags: Astra Resources, iron ore mines, iron ore
The sharemarket closed at its highest level in 20 months yesterday as consumer staples, consumer discretionary, financial, energy and healthcare sectors enjoying strong gains as investors were frustrated with a lack of significant dips in ...
Tags: sharemarket, stocks, consumer staples
US Federal Reserve data Wednesday showed that industrial production increased 0.3 percent in December after having risen 1.0 percent in November when production rebounded in the industries that had been negatively affected by Hurricane ...
Reportedly, India’s Jindal Steel & Power Ltd (JSPL) will continue talks with two other African miners while ending talks with Afferro Mining Inc. after assessing its Cameroon iron ore reserves. JSPL is estimated to invest as much as ...
Tags: Jindal Steel, India, JSPL, African miners
Australia-based miner Flinders Mines has announced that it has received the key environmental approvals for its Pilbara iron ore project in Western Australia. Flinders will continue to work on making progress on the remaining approvals ...
Tags: mining, Flinders Mines, iron ore project
Platinum prices have surged, rising above gold for the first time in 10 months after the largest producer of the metal said it would halt operations at several mines in South Africa. The move, part of an effort to return to profit amid ...
Tags: PLATINUM prices, US, metal industry
The Australian dollar was little changed yesterday in Asian trading, in a muted response to remarks from US Federal Reserve chairman Ben Bernanke that the world's largest economy still had quite a way to go towards recovery, despite recent ...
The newly appointed chairman of Indonesia's special taskforce for the upstream sector will focus on various issues during his tenure, among them increasing oil and gas production and boosting reserves, he told Platts Monday. Rudi ...
Tags: Indonesia, Skkmigas, Oil, Gas Production
There isn't a shortage of rare earth metals in the ground, but one country, China, has managed to dominate about 95% of the market. It not only mines the metals, but it has built a supply chain to produce them. The U.S. once led global ...
Tags: rare earth metals, metal industry, US
One of China's largest coal mines has introduced LEDs to reduce time spent fixing lamps and avoid potental hazards on site. The Xishan Duerping coal mine in Shanxi Province, owned by Shanxi Coking Coal, asked Shenzhen General Technology ...
Tags: China, coal mines, LEDs, fixing lamps