Local shares rose slightly in mixed trading yesterday as a lower Australian dollar led investors to sell banks and other high-yield plays in order to buy shares of companies that stand to benefit from a sustained fall in the exchange rate. ...
Investors will be watching the Australian dollar closely this week following its drop of nearly US2c late last week to just above parity with the greenback. The Australian currency closed in US trading on Friday at $US1.0017 after briefly ...
Tags: economy
Kazakhstan-based mining group Eurasian Natural Resources Corporation Plc. (ENRC) has announced its operational results for the first quarter of 2013. The miner registered a ferroalloy output of 364,000 mt in the first quarter this year, ...
Watersolutions AG has received the 2013 Water Technology Idol “Distinction” Award from Global Water Intelligence for its Low Temperature Distillation (LTD) system. Presented at the 2013 Global Water Summit in Seville, Spain by ...
The sharemarket surged to its highest closing level in almost five years yesterday, with the materials sector leading relatively broad-based gains after China reported stronger than expected trade data, Wall Street hit record highs and spot ...
Tags: Stocks, China Data
The sharemarket has closed at its best level in almost five years, driven by record US market highs and positive Chinese trade data. The benchmark S&P/ASX200 index closed up 56.1 points, or 1.09 per cent, at 5199.8 points. The broader ...
Tags: CMC Markets, economy
It’s reported that Brazilian Gerdau's mining division intends to export 1.5 million tons of iron ore this year. The company has two shipments scheduled for the current quarter through Vale’s port system. Gerdau sold its iron ...
Vale announced late Monday that it has been granted the installation license (LI) and vegetation clearing permit for the rail spur that will connect the Southern Range of Carajás mining district to the Carajás railway (EFC), ...
Tags: Installation License, Mineral
Gamma Holding NV has sold its Clear Edge Filtration business unit to the Chicago-based Filtration Group Corp. Filtration Group, which is owned by Madison Capital Partners, is a collection of more than 10 specialized filtration companies. ...
On May 7, China Beijing International Mining Exchange (CBMX), China's only iron ore spot trading platform, and Singapore Exchange (SGX) announced the signing of a memorandum of understanding (MoU) aimed at boosting their cooperation in the ...
Tags: CBMX Inks
Australian stocks recovered from a steep intraday fall to close only marginally lower yesterday, as the Reserve Bank cut interest rates to a record low. The benchmark S&P/ASX 200 closed down 12.5 points, or 0.2 per cent, at 5143.7, after ...
Tags: Stocks Lift, Australian stocks
The sharemarket closed lower but recovered some ground after the Reserve Bank cut the cash rate to a record low. At the close today, the benchmark S&P/ASX200 index was down 12.5 points, or 0.24 per cent, at 5143.7 points. The broader ...
Tags: Banks, Record Rate Cut
The dollar hit two-month lows after the central bank surprised economists by cutting interest rates to record lows and warned that the high exchange rate is continuing to act as a brake on growth. The Reserve Bank of Australia defied most ...
Tags: Dollar, Record Low
Russian mining and steel group Mechel has announced that successful hot testing has been held at the complex of Chelyabinsk Metallurgical Plant's universal rolling mill. During hot testing, the mill produced its first batch of structural ...
Tags: Mechel, Rolling Mill
Sales of cross-flow membranes and equipment will exceed $10.4 billion in 2014, according to the latest projections in RO, UF, MF World Market published by the McIlvaine Company. Desalination is the biggest segment and is growing at 11 ...