mineral exploration project – commodity prices – mining stock- trade and market

The Indian-focused miner said aluminium production rose 7% while production of its most profitable product, zinc, rose 29% which helped it take advantage of rising metal prices.

Indian-focused miner Vedanta Plc saw record aluminium production in its fourth quarter and a 29 percent jump in refined zinc from its Indian operations, helping it take advantage of rising metal prices.

Output of refined zinc, the group’s most profitable product, was 194,000 tonnes in the fourth quarter ended March 2011 from its Indian mines, with production at its Skorpion Zinc mine in Namibia totalling...

Copper production in Zambia, Africa’s largest copper producer, fell 13 percent in January 2010 compared with January 2009 due to earlier mine closures but analysts said there were good prospects for higher output.

Zambia has previously said copper production could hit 1.0 million tonnes by 2011 as new mines come on stream and expansions and upgrades take place at existing mines.

Its copper production declined to 54,518 tonnes in January this year from 62,621 tonnes in the same month last year, the central bank said on Tuesday.

Copper exports in January 2010 increased...

Asian stocks rose, driving the MSCI Asia Pacific Index to a six-week high, as better-than-estimated U.S. jobs data and a pledge by French President Nicolas Sarkozy to support...

Oil fluctuated near $80 a barrel as the dollar strengthened against the euro, making crude less attractive as an alternative investment, and U.S. equities fell.

Oil dropped for the first time in five days as the dollar gained as much as 0.3 percent against the euro and the Standard & Poor’s 500 Index fell 0.3 percent. Oil earlier touched a five- week high as strikes at Total SA refineries and depots in France boosted prices of refined products such as gasoline.

Canadian mining companies, Maya Gold & Silver has started drilling and exploration project gold mine Gold & Silver Amimiz, Morocco. Early stages of drilling a gold mine 7.500 m and will be completed in four months. The results of the survey at Amimiz mines, has been found 26.16 g / t Au with a width of 0.98 followed by more than 34m.

Paladin Energy, Australian uranium producers in the Perth-based uranium production reported during the four months rose 5.4 percent. The highest production was reached in June.