Mining industry
The Australian S&P/ASX 200 Index rose by 1.1 percent to 4,555.20 as of 11:16 a.m. in Sydney, while the New Zealand NZX 50 Index advanced 1.2 percent to 3,079.47 in Wellington. The gains were driven by a weaker dollar,
Mining industry
The Indian government has taken a significant step towards raising Rs 400 billion (US$8.6 billion) this fiscal year by approving the disinvestment of 10% each in Coal India Ltd and Hindustan Copper Ltd. The move, which is expected to generate about Rs 160 billion, was approved by the
Mining industry
Valley High Ventures Ltd., a Canadian-based precious and base metal exploration company, is pleased to announce the results of drill hole C10-41 from the phase 2 drill program at the Cordero silver, gold, zinc and lead, porphyry district in Mexico. The results show long intervals of elevated silver, zinc and
Mining industry
India's stock market experienced a significant decline, bringing an end to a four-day rally, as investors speculated that policymakers may raise interest rates to combat inflation. The decline was led by several key players in the market, including Housing Development Finance Corp., which dropped 3.1 percent. Experts,
Mining industry
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced on April 15, 2010, that the conversion rate for its 6 3/4% Mandatory Convertible Preferred Stock would be 1.3716 per $100 face amount. This means that all outstanding shares of Preferred Stock will automatically convert into approximately 38 million shares
Mining industry
Copper mining operations at Chile's Collahuasi mine are restricted due to a contract workers' strike, while Vedanta Resources PLC has acquired zinc assets from Anglo American PLC, creating the world's largest zinc and lead producer. Meanwhile, Xstrata Plc has suspended a A$30 million copper
Mining industry
Newcrest Mining Ltd. (NCM.AU) reported a decrease in third quarter gold production, stating 416,651 ounces, down 14% from the same period last year and 6% from the second quarter. Copper output also declined by 12% to 20,598 tons. The company attributed the drop to commissioning issues at
Mining industry
The global mining industry is experiencing significant activity, with various players engaging in stake sales, acquisitions, and protests. In India, Vedanta Resources PLC is looking to acquire Anglo American PLC's zinc business, while in Peru, protests against a copper mine operated by Southern Copper Corp. are expected to
Mining industry
Australian mining companies with projects in Chile have so far withstood the initial impact of the massive earthquake that struck the nation on Saturday, killing at least 700 people and crippling parts of Chile. However, the repercussions of the disaster may still cause problems, including blackouts and transport issues, which
Mining industry
Japanese miner Pan Pacific Copper Co. (PPC) has decided to start developing a Chilean copper-molybdenum mine in March with Mitsui & Co. The venture, a joint effort between Nippon Mining & Metals Co. and Mitsui Mining & Smelting Co., plans to begin building production facilities at the Caserones mine in
Mining industry
The Indian stock market surged as investors speculate that the government will avoid a sudden halt in stimulus measures and instead roll back some of the measures to boost the economy. Higher metal prices also boosted stocks such as Sterlite Industries Ltd. and Hindalco Industries Ltd. The finance ministry announced
Mining industry
Indian stocks experienced a rally, ending a two-day decline, driven by surging metal prices, which enhanced the earnings prospects for raw material producers. Key metals such as copper and zinc saw significant price hikes in Shanghai, spurring gains among producers like Sterlite Industries (India) Ltd. and Tata Steel Ltd. Analysts
