Mining industry
Mexico's stock market ended the trading day with a 0.8% gain, as the country's main index, the IPC, finished at 31,916.60. The market was influenced by gains in major companies such as Cemex and Grupo Mexico, with Cemex's CPO shares closing
Mining industry
Canadian gold miners are speaking out against Bill C-300, a private member's bill that would govern the activities of Canadian companies operating in developing countries. The bill, introduced by Liberal MP John McKay, would allow the ministers of foreign affairs and international trade to receive complaints about a
Mining industry
The world market experienced turmoil on Thursday, November 26, 2009, as Dubai World sought to delay repayment on much of its debt. As a result, the S&P/TSX Composite Index, the main index on the Canadian stock market, slid 200.10 points, or 1.72 percent, closing at
Mining industry
Seven Summits Research has issued PriceWatch Alerts for five undervalued stocks: Freeport-McMoRan Copper & Gold Inc. (FCX), Yahoo! Inc. (YHOO), BB & T Corp. (BBT), Teva Pharmaceutical Industries Limited (TEVA), and Mechel OAO (MTL). The alerts provide detailed strategies for each stock, including position protection tactics designed to shield investors
Mining industry
A labor strike at the Spence mine in Chile, owned by global diversified miner BHP Billiton Ltd., entered its seventh day on Monday with no new talks between the striking union and mine management. The 560 unionized workers went on strike on October 13 after contract negotiations fell through, with
Mining industry
Seven Summits Research has issued PriceWatch Alerts for Merck and Co. (NYSE: MRK), Urban Outfitters (NASDAQ: URBN), Goldcorp Inc. (NYSE: GG), International Paper Co. (NYSE: IP), and Archer Daniels Midland Company (NYSE: ADM). These alerts provide concise, detailed strategies for each stock, including position protection tactics to help investors navigate
Mining industry
Chile is set to witness a massive influx of investments in copper mining, with an estimated $43 billion pouring in for copper or gold mining projects in the 2009-2015 period. This boom is fueled by the country's copper giant, Corporacion Nacional del Cobre de Chile (Codelco), which is
Mining industry
Peru's President Alan Garcia announced a plan to build a $1 billion cargo railway by 2019, which will carry minerals from copper, gold, and phosphate mines to the Bayovar port. The railway, aiming to transport 4 million tons annually, will link to the northern port of Paita and
Mining industry
Soltoro Ltd. has strengthened its ability to advance its Central America projects with the appointment of a distinguished advisory board. The board brings a wealth of experience in developing bulk tonnage gold, silver, and copper deposits to the table. Members of the Advisory Board include Chester F. Millar, Laurence W.
Mining industry
China Armco Metals, a distributor of imported metal ore, has secured a $13 million line of credit from the Bank of China for its scrap metal recycling project. The company plans to use the funds for working capital and fixed asset purchases, with operations expected to commence at its 1
Mining industry
The Congolese government's detention of three Freeport-McMoRan Copper & Gold Inc. employees on allegations of misappropriation of public funds has created uncertainty in the global base metals market. Meanwhile, Polish copper producer KGHM Polska Miedz SA is revising its full-year financial guidance, and Zambia's largest cobalt
Mining industry
Newcrest Mining Ltd. achieved a substantial increase in its full-year net profit, rising 84.7% to A$248.1 million in the fiscal year 2009. This significant growth was largely driven by a soaring gold price, despite weaker copper prices. The Melbourne-based miner also announced a 7% increase in revenue
