Gold and Copper Exploration Companies Poised to Shine in 2010
Mar/08/2010 | Under : Copper Mine - Gold Mine - Stock - Trade & Market
Shares of gold and copper exploration companies are the most likely to shine in the Canadian junior mining sector this year, as large miners raise their exploration budgets and scout for promising projects.
Small-cap stocks on the TSX Venture exchange enjoyed a strong run last year with the S&P/TSX Venture Composite Index gaining more than 90 percent through the course of the year.
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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]
Blackrock, Global Mining Investments Prefers Global Recovery Gold, Iron Ore and Copper Markets
Mar/08/2010 | Under : Companies - Copper Mine - Gold Mine - Iron Ore Mine - Stock - Trade & Market
BlackRock-managed Global Mining Investments Ltd has a preference for copper, gold and iron ore as China leads a global recovery in commodities markets but is negative on aluminium because of oversupply, the firm’s chief said on Tuesday. [Read More]
Anglo’s Brazil Iron Ore Project Bit by Challenges
Feb/23/2010 | Under : Companies - Mineral Exploration - Trade & Market
Investor’s eyes will be closely trained on Anglo American’s Minas Rio iron ore project following revelations by Cynthia Carroll, the company’s chief executive, on Friday that the project was experiencing challenges.
Carroll was delivering the company’s 2009 annual results presentation to an audience in London and via live video link to South Africa.
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China Steel Company Leadership to Prepare Talks Contract Iron Ore Prices
Feb/22/2010 | Under : Companies - Exploration - Iron Ore Mine - Steel Industry
China steel company leadership prepared to have a meeting with the mining company’s largest iron ore supplier to determine the contract price of iron ore in 2010. Discussion planned in April 2010. However, from both sides – producers of iron ore and steel companies – have delivered their desire for change in contract iron ore prices.
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Brazil Government Charge of Iron Ore Export Tax to Iron Ore Exporters
Feb/22/2010 | Under : Companies - Exploration - Iron Ore Mine
Brazilian government plan implementation costs of iron ore export tax to exporters of iron ore. Application of the tax costs aimed at increasing domestic investment, especially domestic steel production increase.
Brazil is the country’s second largest iron ore exporting; some iron ore production is exported to China for use as raw materials to produce steel in China. [Read More]