Mining industry
Chile's Escondida copper mine, controlled by BHP Billiton Ltd., is set to switch to a new royalty structure that will increase its average income tax by two to four percentage points, depending on international copper prices. This move follows a meeting between BHP officials and President Sebastian Pinera
Mining industry
The global copper market witnessed significant price increases on January 11, 2011, with the London Metal Exchange seeing a surge in investor demand. This price lull was broken as base metals rallied, accompanied by a modest rise in copper futures on the Shanghai Futures Exchange. Meanwhile, Chile's Escondida
Mining industry
The proposed joint venture between the Indian state-run mining company National Mineral Development Corporation (NMDC) and the world's largest steel maker ArcelorMittal to develop iron ore mines in Senegal has been impacted by the requirement of laying a substantial railway track. According to sources, the project necessitates the
Mining industry
India's largest iron ore miner, NMDC, has increased iron ore prices by 5.22 per cent for the January-March quarter, citing a rise in demand and a squeeze in global supply. The move is likely to prompt domestic steel-makers like JSW and Tata Steel to increase prices, as
Mining industry
The Punjab Coal Mining Company (PCMC) has identified various locations for 400-600 MW coal-based power projects to meet the energy demands of the province. To expedite the implementation of mineral strategies, a Small Resource Strategic Unit has been constituted, and the evaluation of coal and iron ore reserves has begun.
Mining industry
Australian mining giant Rio Tinto Ltd. (RIO.AU) has received the endorsement of Riversdale Mining Ltd.'s (RIV.AU) board for an improved A$3.9 billion takeover bid for the Mozambique-focused coal miner. However, analysts say Rio Tinto may need to sweeten its offer to win over major
Mining industry
Vedanta Resources Plc, a London-listed miner, plans to use a significant portion of the proceeds from the initial public offering (IPO) of its Zambian copper business, Konkola Copper Mines (KCM), to part-fund its US$9.6 billion acquisition of Cairn India. The company aims to repay part of the US$
Mining industry
Seven Summits Research has issued critical PriceWatch Alerts for five stocks, including Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Wynn Resorts Ltd. (Nasdaq: WYNN), Simon Property Group Inc. (NYSE: SPG), Autodesk, Inc. (Nasdaq: ADSK), and Watson Pharmaceuticals Inc. (NYSE: WPI). These alerts aim to provide investors with concise detailed strategies
Mining industry
Seven Summits Research has released critical PriceWatch Alerts for five top stocks: MGM Resorts International (NYSE: MGM), Occidental Petroleum Corporation (NYSE: OXY), Goldcorp Inc. (NYSE: GG), Yum! Brands, Inc. (NYSE: YUM), and Gentex Corp. (Nasdaq: GNTX). The alerts provide detailed strategies for each stock, including position protection tactics to safeguard
Mining industry
Vietnam's government has introduced a new tax regime on gold exports, hiking the duty from zero to 10% in a bid to curb the practice of gold trading enterprises exporting gold jewelry to skirt regulations. The move is aimed at reducing the phenomenon of gold trading enterprises evading
Mining industry
Estrella Gold Corporation is pleased to announce it has closed a non-brokered private placement offering, securing $1,000,000 in gross proceeds through the sale of 2,000,000 units at $0.50 per unit. This funding will be used to further develop the Company's gold exploration projects
Mining industry
The Canadian stock market remained stagnant on Monday, with the S&P/TSX Composite Index experiencing a minor increase of 2.94 points. However, the economic landscape presented a more concerning picture, as the overall current account deficit widened by $4.6 billion to reach $17.5 billion in
