Mining industry
Unionized workers at Escondida copper mine, controlled by BHP Billiton Ltd., are considering a 24-hour strike for Friday due to unmet contract demands. The strike could potentially result in the loss of 3,000 metric tons of copper production, putting additional pressure on already-strong international copper prices. The workers, led
Mining industry
India's benchmark stock index, the Sensex, rose 0.8% to 18,653.87 at the close in Mumbai, led by gains in lenders after a major bank reported quarterly earnings in line with analyst estimates. The rally was also fueled by a rebound in European shares, which eased
Mining industry
Canadian stocks showed resilience in the face of ongoing concerns about the European debt crisis, as the S&P/TSX Composite Index closed up 54.32 points, or 0.41 percent, at 13,234.07 on Tuesday. The materials sector was a notable performer, with the index gaining 1.
Mining industry
Global gold demand saw a significant increase in the first quarter of 2011, with a total of 981.3 tons, up 11% year over year from 881.0 tons in the first quarter of 2010. This growth was driven by an improvement in jewelry demand in key markets, as well
Mining industry
Australian Prime Minister Julia Gillard remains resolute in her support for the country's carbon pricing policy, despite warnings from the coal industry and growing opposition from the Liberal Party. The government is set to unveil its scheme, which includes a $20 per tonne carbon price, on Sunday. According
Mining industry
Australian Treasurer Wayne Swan has dismissed fears about job losses in the coal industry ahead of the government's carbon price package release, citing strong investment and job creation in the sector. Treasury modelling predicts coal exports and production to double over the next 40 years, despite the introduction
Mining industry
Seven Summits Research has issued PriceWatch Alerts for McDonald's Corp. (MCD), WellPoint Inc. (WLP), Goldcorp Inc. (GG), Express Scripts Inc. (ESRX), and Acme Packet, Inc. (APKT). These alerts provide concise strategies for each stock, including position protection tactics designed to help investors navigate uncertain markets. According to Reid
Mining industry
Barrick Gold Corp, the new owner of Lumwana Copper Mines in Zambia, has unveiled ambitious plans to extract 1.5 billion metric tons of copper at the Chimiwungo mining site near Lumwana. The projections were made by Lumwana general manager Adam Wright, who noted that drilling works at the site
Mining industry
Seabridge Gold Inc. has announced that it has filed a National Instrument 43-101 compliant Preliminary Feasibility Study (PFS) for its 100% owned KSM project in northern British Columbia, Canada. The study was prepared by Wardrop, a Tetra Tech Company, and identifies two different scenarios for expanding throughput, which would have
Mining industry
Australian gold miners Focus Minerals Limited (ASX: FML) and Crescent Gold Limited (ASX: CRE) have joined forces to create a major new gold producer in Australia. The companies agreed to merge through a conditional off-market takeover bid by Focus for all of Crescent's issued shares. The merger will
Mining industry
European stocks emerged from the summer doldrums, with the FTSE Eurofirst 300 rising 0.2% to 1,091.94, driven by mining sub-index gains and bid talk surrounding Glencore and Eurasian Natural Resources Corporation. Meanwhile, French carmakers Peugeot and Renault had contrasting fortunes, with Citigroup and Credit Suisse producing research
Mining industry
European stocks made headway as bid hopes and broker upgrades helped investors emerge from the summer doldrums. The FTSE Eurofirst 300, which had suffered six consecutive weekly losses, began the new week on a positive note, with its mining sub-index keeping the pan-European benchmark afloat. The gains were led by
