Essar Group Purchase Coal Mine of Trinity Coal Corp
Mar/08/2010 | Under : Business - Finance - Coal Mine - Companies - Stock - Trade & Market
Essar Group said its purchase of Trinity Coal Corp., the Indian company’s first overseas coal mine acquisition, will help lock in raw materials with coal and iron ore prices poised to rise as the global economy recovers.
The $600 million buyout of West Virginia-based Trinity raises Essar’s total U.S. investment to $4 billion, Chief Executive Officer Prashant Ruia said. [Read More]
Asian Stocks Decline on China Lending Concern
Mar/05/2010 | Under : Copper Mine - Gold Mine - Mineral Exploration - Stock
Asian stocks fell as China’s Industrial Bank Co. predicted slower growth in new lending, while the euro retreated on speculation the European Central Bank will delay withdrawing stimulus measures.
The MSCI Asia Pacific Index dropped 0.7 percent to 119.97 as of 5:10 p.m. in Tokyo, after a four-day, 3.3 percent climb. [Read More]
JPMorgan Rating on Japan’s Banks : Mining Companies Climb on Higher Metal Prices
Mar/05/2010 | Under : Companies - Copper Mine - Gold Mine - Stock
Asian stocks climbed for a second day as JPMorgan Chase & Co. boosted ratings on Japan’s largest banks and as mining companies climbed on higher metal prices.
Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. advanced more than 1.5 percent in Tokyo. Jiangxi Copper Co. surged 5.8 percent in Hong Kong as copper prices jumped after an earthquake in Chile cut supplies from the world’s top producer of the metal. [Read More]
Alexis Starts Bulk Sample at Lac Pelletier Gold Mine Project
Nov/16/2009 | Under : Companies - Gold Mine - Mineral Exploration
Alexis Minerals Corporation is pleased to announce that its Lac Pelletier gold mine project at Rouyn-Noranda, Quebec, is now underway with the recent commencement of a bulk sample program. Approximately 9,400 ounces of gold (oz Au) are expected to be produced from a 40,000 tonnes sample currently being excavated in two of four zones. [Read More]
Environmental Award for Mining Companies: Rio Tinto QIT Madagascar Minerals Won Nedbank Environmental Award
Oct/25/2009 | Under : Coal Mine - Companies - Gold Mine - Mineral Exploration
Rio Tinto, a mining company that has the largest variety of mining exploration projects and processing of mineral resources in some countries. Rio Tinto mining company produces aluminum, copper, diamonds, energy (coal and uranium), gold, industrial minerals.
[Read More]
Brazilian Mining Company Vale Group To Invest at Coal Mining Project In Moatize, Mozambique
Oct/24/2009 | Under : Coal Mine - Companies - Copper Mine - Mineral Exploration
Brazilian mining company, Vale Group is conducting a feasibility study for investing in the Moatize coal mines in Mozambique. The agreement between the governments of Mozambique and the Vale Group, in addition to investing in coal mines, Vale Group is also investing in copper mines in the North Konkola, Zambia.
[Read More]
Tulawaka Gold Mine Reported Gold Production in Tanzania During Third Quarter, 2009
Oct/20/2009 | Under : Companies - Gold Mine - Mineral Exploration
MDN Inc. is pleased to announce that the Tulawaka Gold Mine in Tanzania produced 29,489 ounces of gold during the third quarter ended September 30, 2009. Tulawaka gold production now amounts to 728,910 ounces since the beginning of operations in March 2005.
[Read More]
Asian Markets End Mixed Amid Profit Taking
Oct/18/2009 | Under : Business - Finance - Stock - Trade & Market
Mixed trading was witnessed among the major markets across Asia on Friday as traders preferred to lock in gains following recent rally while the underlying sentiment is buoyant on increased optimism about higher earnings from companies for the recently concluded quarter and the worst for the global economy is over. While the markets in Australia, Hong Kong, China, Singapore and South Korea ended in negative territory on profit taking, markets in Japan, Indonesia, India and Taiwan managed to end in positive territory but well off the day’s high. [Read More]