Mining industry
Labor issues in Chile's copper mining sector resolved, pushing copper futures to six-month low, while global aluminum output and Russian nickel production also experienced changes in November and January-November respectively. Meanwhile, new discoveries were made in Australian copper and zinc-lead deposits, while a provincial bill to suspend open
Mining industry
Shanghai copper futures surged higher due to increased demand caused by a potential strike at Xstrata Plc's Altonorte copper smelter in Chile. The Shanghai aluminum futures, however, ended mixed, reflecting a complex market balance between supply and demand factors. Key Takeaways: * Shanghai copper futures ended higher, up 660
Mining industry
International PBX Ventures Ltd. has announced impressive results from its bulk testing of copper oxide-bearing material at the Tabaco site in Chile. The company has extracted copper-rich material from two dumps, with significant grades of 1.42% and 1.6% copper, respectively. These findings are consistent with previous sampling results,
Mining industry
The Shanghai Gold Exchange (SGE) is gearing up to introduce gold derivatives, including futures, options, and swaps, as part of a broader strategy to promote the country's gold market. According to Shen Xiangrong, SGE's chairman, gold derivatives will represent the trend of the gold market, shifting
Mining industry
Pacific Gold Corp.'s (OTCBB: PCFG) Black Rock Canyon alluvial gold mine began gold production in the third quarter of 2006, with the mine owned and operated by Nevada Rae Gold, Inc., a 100% owned subsidiary of PCFG. The estimated resources for the Black Rock Canyon mine have been
Mining industry
Canadian mining stocks experienced a significant surge on the Toronto Stock Exchange as investors reacted to the news of Freeport-McMoRan Copper and Gold Inc.'s proposed US$25.9-billion acquisition of Phelps Dodge Corp. The move follows a trend of consolidation in the industry, driven by soaring demand for
Mining industry
Platinum futures experienced a significant increase on Monday, as traders and analysts attributed the rise to developing supply tightness, options-related activity, and fund and speculative buying. The market saw a rebound from Friday's lows, with the sell-off in platinum futures having a noticeable impact on the market. This
Mining industry
The Asian energy sector experienced a decline in stock prices on Friday, led by PetroChina and Inpex Holdings, as the price of crude oil experienced its biggest drop in a year. This led to a pullback in commodities prices, which in turn affected the performance of resource stocks. However, some
Mining industry
South Korean companies, LG International and Korea Resources, have partnered with Australian mining company, Lafayette Mining Limited, to develop a copper mine in the Philippines. The Rapu Rapu mine, located 375 kilometers southeast of Manila, will produce 11,000 tons of copper annually for the next five years. This move
Mining industry
Kinross Gold Corp. is set to revolutionize the gold mining sector with its proposed $2.9-billion takeover of Bema Gold Corp., marking a significant milestone in the company's pursuit of becoming the world's fastest-growing major gold producer. The acquisition, which will catapult Kinross into the upper
Mining industry
Thin volumes of trading in Asia drove bullion prices up to a two-month high on Monday, with Tokyo gold futures trading at their upper limit. The market's anticipation of the dollar's response to the U.S. mid-term elections on Tuesday fueled expectations. Kinross Gold Corp. and
Mining industry
As Wall Street News Alert initiates coverage on Gold & Silver Minerals, Inc. (PINKSHEETS: GSML), the company's stock is gaining attention due to its recent developments. The company has entered into a Joint Venture Agreement with Tara Gold Resources Corp. to earn up to a 55% interest in
