Asian Stocks Rise to Six-Week High on U.S. Jobs Data
Mar/08/2010 | Under : Aluminium
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 Greece boosted confidence in the global recovery.
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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]
Future Of Griffin Coal Mining Companies
Jan/21/2010 | Under : Coal Mine - Companies - Energy - Exploration
Coal mining company, Griffin Coal Mining Co. facing financial problems to continue mining exploration project, because the mining company of Griffin Coal Mining has a debt to the holders of bonds worth $ 475 million and tax debt to government. The total debt incurred by the Griffin Coal Mining $629 million.
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Yukon-Nevada Gold Continued Gold Mines Exploration In Jerrit Canyon, Nevada
Dec/16/2009 | Under : Companies - Gold Mine - Mineral Exploration
Gold mining company, Yukon-Nevada Gold signed a contract with the developer in Jerrit Canyon mines, Nevada. Mining site to be operated about 50 miles from Elko, Nevada. Mines operated by the United States Queenstake Resources, the mining subsidiary of Yukon-Nevada Gold Corp..
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Oil Falls Below $76 on Services Report, Heads for Weekly Drop
Dec/06/2009 | Under : Oil and Gas Drilling - Petroleum
Crude oil fell for a third day after a report showed service industries in the U.S. unexpectedly contracted in November, raising concern fuel demand may be slow to recover from the worst recession since World War II.
Oil headed for a second weekly decline after the Institute for Supply Management’s index of non-manufacturing businesses that make up almost 90 percent of the economy slipped to 48.7 from 50.6 in October, the Tempe, Arizona-based group said yesterday. A Labor Department report today will probably show the U.S. economy lost jobs in November. [Read More]
Rio to Reinstate Automated Trains at Australian Iron Ore Mines
Dec/05/2009 | Under : Companies - Exploration - Iron Ore Mine
Rio Tinto Group, the world’s third- largest mining company, will reinstate a $371 million automated train program at its iron ore operations in Australia as the global economy continues to recover from recession.
“They have been successfully trialed on our main line work and it was a case of the financial crisis slowing down the deployment,” John McGagh, head of innovation at London-based Rio, said today in an interview, without giving a start date. [Read More]
Weak Demand Puts Natural Gas Prices At 52-Week Low
Dec/05/2009 | Under : Natural Gas - Oil and Gas Drilling - Petroleum
Natural gas prices have slumped well below what they were last year, and that trend will likely continue into 2010.
The New York Mercantile Exchange contract for January delivery at one point dropped to a new 52-week low of $4.432 per 1,000 cubic feet on Thursday.
The government then reported that the amount of natural gas in storage rose again, surprising most energy experts. The country has never had this much natural gas in storage.
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Gold Prices Boost Mining Industry After Economy Takes A Dip
Nov/10/2009 | Under : Gold Mine - Mineral Exploration - Stock - Trade & Market
The Alaska Miners Association Convention wraps up this weekend. They’ve been hit hard by the global recession, and that’s one of the things they’ve been talking about this week. 2008 was not a great year– the total value of the industry in Alaska was down about 21 percent compared to 2007.
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