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Wednesday, November 19th, 2008
China's Chinalco (601600.SS: Quote, Profile, Research, Stock Buzz) and a Chinese bank will announce this week a $2 billion loan to develop the Toromocho copper project in Peru, a Peruvian government official said Tuesday.
Peru is the world's second largest producer of copper and the Toromocho mine could lift the country's ...
Posted in Copper, Mining Industry, Trade & Market | No Comments »
Wednesday, November 19th, 2008
The global outlook series on the Mining Industry provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report provides a bird's eye view of the industry, and highlights the implications boded by the consolidation wave, and rising mineral prices. The discussion on the global ...
Posted in Mining Industry, Mining Investment, Mining Technology | No Comments »
Tuesday, November 18th, 2008
Asian stocks retreated, led by financial companies and commodity producers, as recession in Japan and Hong Kong and declining oil prices heightened concern a global economic slowdown is deepening.
Mitsubishi Estate Co., Japan's largest developer by market value, sank 5.4 percent after the Nikkei newspaper said Tokyo office rents retreated ...
Posted in Oil & Gas, Trade & Market | No Comments »
Friday, November 14th, 2008
The Asian investors believe that there is opportunity in every great crisis; and the gold mining industry's dramatic downturn--a surprising result of the global financial meltdown--is no exception to the rule, in their view.
They see a physical gold shortage, which, coupled with recent actions by governments and central banks that ...
Posted in Gold, Mining Company, Mining Industry, Mining Investment, Silver, Trade & Market | No Comments »
Wednesday, November 12th, 2008
PALADIN Energy has posted a small quarterly loss despite achieving nameplate production at its flagship mine in Africa.
The company reported net loss for three months to September 30 of $US4.7 million ($7.05 million).
This was down on the after tax loss of $US14.5 million ($21.75 million) for the corresponding period in ...
Posted in Mining Industry, Mining Investment, Trade & Market, Uranium | No Comments »
Thursday, October 30th, 2008
Zedex Minerals Ltd is pleased to announce that a recent independent consultant report on the geological potential of the Bau Gold Project has prioritised a number of prospective mineralization zones (external to the previously announced JORC resource of 1.304M oz gold) containing additional geological resource potential for 4.4 to 4.75M ...
Posted in Drilling, Exploration, Gold, Mining Industry, Mining Investment | No Comments »
Thursday, October 30th, 2008
United Company RUSAL, the world's largest aluminum and alumina producer, has signed a memorandum of understanding with Vietnam's An Vien to create a vertically integrated bauxite and alumina complex, UC RUSAL said in a statement.
"The project will include the construction of an alumina refinery with a capacity of approximately 1.5 ...
Posted in Copper, Mining Company, Mining Industry, Mining Investment, Mining Technology | No Comments »
Monday, October 27th, 2008
It is reported that five companies including Global Steel Corporation are eyed as market by the first iron mine to rise in the Philippines after 40 years. The mine is set to start production from Bayog, Zamboanga del Sur by the Q1 of 2009.
Covering a total claim of 60,000 hectares, ...
Posted in Exploration, Iron ore, Mining Company, Mining Industry, Mining Investment | No Comments »
Wednesday, October 22nd, 2008
Caterpillar Inc., the world's largest maker of bulldozers and excavators, said third-quarter profit fell 6.4 percent, missing analysts' estimates as costs rose for materials including steel and fuel.
Net income declined to $868 million, or $1.39 a share, from $927 million, or $1.40, a year earlier. Sales rose 13 percent to ...
Posted in Mining Company, Mining Contractor, Mining Industry, Mining Investment | No Comments »
Monday, October 20th, 2008
VHeadline guest commentarist Todd MacSween writes:
Funny that, a year ago, it was deemed an evil self-destructing type of system to embrace.
Now with the US government buying bank stocks and bailing out the companies that created the problem, it appears that entire world is in the hands of the so-called Government ...
Posted in Mining Investment, Trade & Market | No Comments »
