Tag: mining companies exploration
Mining Companies Income Report : Pfizer Income Increased To $2.88 Billion Q4 Results
Feb/03/2010 | Under : Commodity Prices, Companies, Trade & Market
For the third quarter, Pfizer’s net income increased to $2.88 billion or $0.43 per share from $2.28 billion or $0.34 per share in the year-ago period, driven by lower one-time charges as well as cost-reduction initiatives. Quarterly revenues dropped 3% to $11.62 billion from $11.97 billion in the comparable quarter last year.
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Marathon Sets 2010 Capital, Investment and Exploration Budget
Feb/03/2010 | Under : Companies, Crude Oil, Exploration, Oil and Gas Drilling, Petroleum
Marathon Oil Corporation today announced a $5.1 billion capital, investment and exploration budget for 2010, a 17 percent decrease from 2009 capital spending.
“Marathon’s 2010 capital program will focus on Upstream activity, with an emphasis on the development of sanctioned projects, potentially significant exploration wells and advancing our growing resource plays,” said Clarence P. Cazalot, Jr., Marathon president and CEO.
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Zambian Union Agrees Pay Rises With Mining Firms
Feb/03/2010 | Under : Companies, Copper Mine, Mineral Exploration, Trade & Market
Zambia’s largest mineworkers’ union said on Monday it had agreed on wage increases with some of the country’s top mining firms, averting possible strikes by workers that would have dented output.
Mining unions in Zambia, Africa’s leading copper producer, last month threatened to go on strike if mining companies did not give members pay increases above the country’s inflation rate, which slowed to 9.6 percent year-on-year in January. (continue reading…)