The sharemarket fell slightly in quiet trading yesterday as global equity markets awaited the outcome of negotiations to avoid the so-called fiscal cliff that threatens to slow the US economy next year unless politicians reach agreement on ...
Tags: sharemarket, fiscal, Banks, Share trading volume
If analyst are to be believed 2013 certainly augurs well for the coking coal market. Increased steel production projections by 3% touching 1.6 billion tones will catalyze turn around towards the Q2 as the initial days will continue in the ...
Tags: Coking Coal Market, steel production projections, Chinese economy
Kazakhstan's refined copper and gold output rose in January to November 2012, while production of alumina, zinc and steel fell compared with the same period last year. Production of refined copper rose by 7.9% YoY to 332,620 tonnes in the ...
Tags: Copper Output, Gold Output, production of alumina, Kazakhstan
Inmet Mining Corporation which last month rejected USD 4.9 billion takeover bid from a Canadian rival has announced 27% increase in reserves at its massive Cobre Panama copper project in Central America. The Toronto based miner said that ...
Tags: Inmet Mining Corporation, Mineral, Cobre Panama copper project
THE Australian sharemarket fell slightly in quiet trading today as global equity markets awaited the outcome of negotiations to avoid the so-called fiscal cliff that threatens to slow the US economy next year unless lawmakers reach ...
Business Line reported that the government of Odisha has asked the state’s iron ore merchant miners to supply half of their mined lumps and fine to local standalone units. Early, it had directed merchant miners to allocate 50% of the ...
Tags: Directs Miners, Iron Ore, Mineral, government of Odisha
A consortium of Chinese and South African entities has agreed to purchase the 74.5% interest in South African copper producer Palabora Mining currently held by major miners Rio Tinto and Anglo American. The transaction in which Rio Tinto ...
Tags: copper stake, copper, copper producer, refined copper
Following the go ahead by the Reserve Bank, banks have begun restructuring the loans worth around INR 1,300 crore given to iron ore miners and other stakeholders such as truckers and shipping lines. The Goa Chamber of Commerce and ...
Tags: mining sector, iron ore miners, Loan servicing, Mining
The multi national mining company Rio Tinto has long promised that its proposed new copper mine near the small town of Superior, Ariz., would provide 4,000 jobs and economic salvation for a local population that has struggled to find work ...
Reuters reported that London copper was steady and was set to close the week little changed as traders focused on the progress in US talks to avert a looming fiscal crisis while also waiting for a crucial jobs report from the world's ...
Tags: copper, China's industrial production figures, copper contract
Business Standard reported that according to the Sponge Iron Manufacturers Association, the recent clamp down on miners by the Odisha government is likely to affect India’s sponge iron production by around 15% in the current financial ...
Tags: Sponge Iron Manufacturers Association, India, iron production, iron
Reuters reported that three contractors were killed while working on the construction of a ventilation duct at a zinc mine in central Mexico owned by Industrias Penoles. Miner and metals processor Penoles, which runs the world's largest ...
Tags: contractors, Industrias Penoles, miner and metals, zinc mine
Minera Gold has received high grade results of up to 238 grams per tonne from its Torrecillas Gold Project in Peru pointing to a significant new gold discovery. The latest exploration results from the Retorno 1 Exploration Target, ...
Bloomberg reported that Chinese leaders have signaled they will continue to support investment in iron ore in Western Australia despite the recent slump in demand for the bulk commodity. Beijing's most powerful economic planning agency ...
Reuters reported that Canada hoping to spur economic development of its far north has approved the construction of a massive iron ore mine in the Arctic territory of Nunavut that could help top steelmaker ArcelorMittal reduce its dependence ...
Tags: iron ore price news, jobs in mining, mining, gold mining game