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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 »
Monday, October 20th, 2008
Gold Prices rose 1.6% to $815 in Asia on Friday before falling back off in London and dropped as low as $772 by late morning in New York.
Gold Bullion then rallied back higher in the last couple of hours of trade and ended almost $14 off its low with a ...
Posted in Gold, Mining Industry, Mining Investment, Oil & Gas, Trade & Market | No Comments »
Saturday, October 18th, 2008
With commodities prices plunging and resource stocks under huge selling pressure, a consortium of big Japanese and Korean steelmakers is poised for a daring $4 billion (£2.3 billion) swoop on one of Brazil’s largest iron-ore mining companies. The Asian consortium’s ambitious stake-building exercise directly exploits the current market turmoil and ...
Posted in Mining Company, Mining Industry, Mining Investment, Trade & Market | No Comments »
Saturday, October 18th, 2008
U.K. Coal Plc, the nation's biggest miner of the fuel, fell the most ever in London trading after saying full-year output will ``significantly'' miss a previous target because wet weather curbed third-quarter production.
The shares fell 68 pence, or 34 percent, to 132.25 pence in London, the steepest drop since the ...
Posted in Coal, Mining Company, Mining Industry, Mining Investment, Trade & Market | No Comments »
Friday, October 17th, 2008
Commodity prices sank and analysts tipped future projects were now in doubt.
Albert Landman of Tricom Equities said resources had become the poor performers in the market.
"It has really fallen away the last couple of months," he said.
"The pessimism about slowing world growth affecting commodity prices is being dovetailed by the ...
Posted in Mineral, Mining, Mining Company, Mining Industry, Mining Investment, Trade & Market | No Comments »
Friday, October 17th, 2008
The International Nickel Study Group (INSG) says that the nickel market, which started 2008 on a high note but has experienced softening demand since the middle of this year as stainless steel production declined, is unlikely to see an improvement until well into 2009.
World primary refined nickel production was 1,43-million ...
Posted in Mining, Mining Company, Mining Industry, Mining Investment, Nickel | No Comments »
Friday, October 17th, 2008
Brazilian Mining Company Vale is holding negotiations with its Chinese and Japanese iron ore customers on revised higher prices for fiscal 2008 contracts that were settled in February. The goal is to bring Asian prices into line with those charged to European clients. In a statement, the world's largest iron ...
Posted in Iron ore, Mining, Mining Company, Mining Industry, Mining Investment, Trade & Market | No Comments »
