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
BHP Billiton Ltd. and 12 other major coal miners in Australia have joined forces to bid a combined A$4.85 billion ($4 billion) for the country's largest coal railroad network, outbidding the planned initial public offering (IPO) of the assets. The coal producers, who consider themselves the
Mining industry
A consortium of 13 major mining companies, led by BHP Billiton Ltd. and Anglo American Plc, is set to make a bid for the publicly owned coal rail track network in Queensland, Australia. The consortium's offer, valued at around A$5 billion, is seen as a competitor to
Mining industry
Canadian stocks declined for a fifth consecutive day, driven by a slump in gold producers, as the euro strengthened against major currencies following Germany's ban on certain types of bearish trades. Goldcorp Inc., Canada's second-largest gold producer, dropped 4.3% after the metal retreated the most
Mining industry
Canadian stocks declined for a fifth day, driven by losses in gold producers, after the US reported an unexpected drop in consumer prices and the euro strengthened. The Canadian benchmark, S&P/TSX Composite Index, slipped 82.47 points, or 0.7 percent, to 11,682.04 at 10:
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
The Australian government's proposed resources tax is expected to lead to an increase in accounting demands for mining companies, with industry insiders predicting a "gold rush" for accountants. Queensland Resources Council chief Michael Roche stated that companies may need to maintain four sets of accounting books
Mining industry
Seven Summits Research has issued PriceWatch Alerts for several stocks, including Microsoft Corporation (MSFT), Suncor Energy Inc. (SU), Delta Air Lines Inc. (DAL), Kinross Gold Corporation (KGC), and Whirlpool Corp. (WHR). These alerts provide concise strategies and position protection tactics to help investors navigate uncertain markets and potentially make a
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
