Mining industry
Environmentalists in Australia are deeply concerned about a coalmine proposal on Aboriginal-owned land in Cape York, sparking a fierce opposition from the Wilderness Society and other eco-advocates. The proposed Wongai Project, a small-scale coalmine, has been met with anger and resistance from the community, with many questioning the impact on
Mining industry
Several regional airlines, including Regional Express subsidiary Pel-Air Aviation and QantasLink, are vying for approval to operate regular services between Illawarra and Emerald, a move sparked by BlueScope's decision to shed 1000 jobs and close its export business. This opportunity has been welcomed by mining giant BHP Billiton,
Mining industry
A 7.0-magnitude earthquake hit Peru on Wednesday, but major mining operations in the country have reported no disruption. Compania de Minas Buenaventura SA, one of the largest mining companies in northern Peru, claimed that its operations were unaffected by the quake. Buenaventura holds a significant stake in the Yanacocha
Mining industry
The State Bank of Vietnam's governor, Nguyen Van Binh, announced measures to control the gold market on August 23, stating that the bank would allow more bullion imports if necessary to stabilize the market and keep prices within a certain range. The domestic price of gold has been
Mining industry
The price of gold has recently skyrocketed to record heights, causing some fund managers to believe that there could be a surge in takeovers of junior miners as producers choose to grow production through acquisition rather than shoulder the massive costs of building new mines. Gold giant Barrick Gold Corp.
Mining industry
As the global demand for gold and precious metals continues to outstrip supply, Green Technology Solutions (OTCQB:GTSO) is poised to capitalize on the growth opportunity. The rising gold price, which has reached a new high of $1,800 per ounce, has sparked renewed interest in gold and precious metals
Mining industry
Seven Summits Research has issued critical PriceWatch Alerts for five stocks: JPMorgan Chase & Co. (NYSE: JPM), AOL, Inc. (NYSE: AOL), Public Storage (NYSE: PSA), Kinross Gold Corporation (NYSE: KGC), and Varian Semiconductor Equipment Associates Inc. (Nasdaq: VSEA). These alerts aim to provide investors with concise detailed strategies and position
Mining industry
Seven Summits Research, an independent investment research group, has issued critical PriceWatch Alerts for five stocks: Chevron Corp. (CVX), Bank of New York Mellon Corporation (BK), Host Hotels & Resorts Inc. (HST), Goldcorp Inc. (GG), and Patriot Coal Corporation (PCX). The alerts provide concise strategies for each stock, including position
Mining industry
South African gold miners returned to work after signing a new wage agreement that will see pay rises almost double the rate of inflation. The agreement, which took effect on Tuesday, will see miners receive a 8-10% pay increase over the next two years, depending on their level of experience.
Mining industry
Mundoro Capital Inc., a Canadian-based mineral exploration and development company, has announced a definitive share purchase agreement with China National Gold Group Hong Kong Limited (CNGHK) to acquire 95% of Mundoro Mining Inc.'s (MMI) issued and outstanding shares for a cash purchase price of CDN$13,800,000.
Mining industry
Copper prices fluctuated Friday, buoyed by production disruptions at the world's largest mine, the Escondida mine in Chile, while weakened US GDP growth weighed on prices earlier in the session. The strike, which began on June 21, has lasted a week and shows no signs of resolution, with
Mining industry
The weakening dollar and an ongoing labor strike at the world's largest copper mine have contributed to a boost in copper and crude oil futures, with copper reaching its highest levels since early April. The price of copper for September delivery settled at $4.4780 a pound, a
