Canadas Goldcorp to stay focused on gold - CEO
Goldcorp, Canada's second-largest gold mining company, has no plans to diversify away from gold into other metals and remains focused on increasing its gold output, ...
View ArticleMining exploration spending set to fall after 3-year rally
A three-year surge in exploration spending in the mining industry is likely to come to a grinding halt this year after running up against lackluster metal prices and a sharp fall-off in financing for ...
View ArticleSouth Korea buys 20 tonnes of gold for $1.3 billion
South Korea bought 20 tonnes of gold with foreign reserves in February to increase its holdings, although total reserves fell for the first time in almost 12 ...
View ArticleBull market for gold no secret in Japan
Despite a lot of doomsday talk about the gold price, in some countries of the world it's skyrocketing --like in Japan. The yellow metal is setting new highs in the world's fourth largest ...
View ArticleSpace mining could eventually surpass Earth mining conference hears
TORONTO - Asteroids headed for Earth might strike fear into many hearts, but there are others who see business opportunities in the giant space rocks. There were even predictions at a conference ...
View ArticleShell Puts Alaska Drilling Plans on Hold
Royal Dutch Shell plc will temporarily halt its exploratory drilling activity offshore Alaska this year to ensure the readiness of its equipment and employees for future drilling. Despite the ...
View ArticleAmerican Eagle gold bullion coin sales jump
The US Mint sold 80,500 ounces of American Eagle goldbullion coins during February compared to 21,000 ounces the previous year in that month for a 283% ...
View ArticleUS raises serious concerns over Oyu Tolgois environmental social impact
World number two miner Rio Tinto (LON:ASX) has suffered another setback at Oyu Tolgoi in Mongolia after the US refused to vote on World Bank funding to expand the massive copper-gold project in ...
View ArticleChinas aluminum stockpiles reach new high expert
China's aluminum inventories reached a record high this week, caused by rapidly growing supply and weak demand in the country, resulting in sharp price drops, an expert said. The country's ...
View ArticleMongolia working hard to avoid the mistakes of 2009 with new mining law
Asia Times Online argues Mongolian lawmakers in the process of finalizing a new bill to regulate the mining industry are hoping to avoid the mistakes of the past. The Mongolian parliament has ...
View ArticleSemirara getting ready to resume coal mining
FAMILIES of the buried workers of Semirara Mining Corp., company officials and workers attend a Mass near the collapsed portion of the wall of the Pantian open mine pit. RAFFY LERMA ILOILO CITY--The ...
View ArticleChina SHFE copper stocks hit 1-year high of 226201 mt on slow demand...
Refined copper stocks at Shanghai Futures Exchange's warehouses hit a one-year high last Friday at 226,201 mt, up around 9%, or 18,492 mt, week on week, data from the SHFE showed Monday. Copper ...
View ArticleChina steelmakers to gain iron o...
A significant rise in iron ore capacity coupled with moderate steel output growth will see a shift in pricing power for the raw material from the hands of mining companies to Chinese steelmakers in ...
View ArticleDrilling Report March 10
The drilling report was produced with data from the Texas Railroad Commission, from February 24 to March 2. The following counties were searched: Anderson, Angelina, Camp, Cass, Cherokee, Dallas, ...
View ArticleRepco Home Bothra Metals IPOs to hit markets
stock market this week and experts said a host of others could come soon if the investor sentiment remains intact. Chennai-headquartered Repco Home Finance, a subsidiary of government-owned Repco ...
View ArticleCNPCs overseas oil gas output remains high
China National Petroleum Corporation (CNPC) said Tuesday that combined oil and gas output in its overseas projects reached 50.35 million tonnes of oil equivalent this year as of December 17. It was ...
View ArticleIron ore demand seen climbing b...
China's 2013 demand for iron ore, a major material used in steel production, is expected to jump by 5.7 percent year-on-year to 1.11 billion tons, according to China Iron and Steel Association ...
View ArticleChinas natural gas consumption up 20 in Jan
China saw its consumption of natural gas rise 20% YoY to 16.4 billion cubic meters in January this year, said the National Development and Reform Commission. Last month, the country produced 11.2 ...
View ArticleU.S. oil company ConocoPhillips to sell Algeria unit for 1.75 billion ...
U.S. energy company ConocoPhillips said on Tuesday that it has entered into an agreement to sell its business in Algeria to Indonesia's state-owned oil and gas company Pertamina for 1.75 billion ...
View ArticleFunds raised to explore Chinas mineral deposits
China set aside 33 billion yuan (5.3 billion U.S. dollars) from central and provincial budgets by the end of 2011 for mine exploration, the natural resources watchdog said Monday. A Ministry of ...
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