Miners seen decreasing gold hedges by 20 t in 2012 - report
NEW YORK – Mining companies are expected to cut the outstanding gold hedgebook by around 20 t in 2012 after they left their hedges nearly unchanged in the third quarter, precious metals ...
View ArticleOZ Minerals production drops
OZ Minerals predicts copper production will fall in 2013 and gold may follow, as the company posts a drop in production in the final three months of 2012.OZ Minerals produced 23,296 tonnes of copper ...
View ArticleJudge Overturns Countys Approval of Sand Mining Operation Near Davenport
BARTOW | A judge has quashed the Polk County Commission's 2011 approval of a sand-mining operation in an undeveloped section of Ridgewood Lakes near ...
View ArticleIamgold to cut back Mali exploration activity
Iamgold Corp. to reduce exploration activity in Mali marks the latest move by the Toronto-based company to protect itself from political risk in the region.Iamgold has operations in Canada, South ...
View ArticleUS space company to mine near-Earth asteroids for precious metals
US space company Deep Space Industries has announced that it will send a fleet of asteroid-prospecting spacecraft out into the solar system to hunt for resources to accelerate space development to ...
View ArticleNatural Resource Partners buys mining interest from Anadarko
Natural Resource Partners LP (NYSE: NRP) has acquired a stake in the world's fifth-largest producer of soda ash from subsidiaries of Anadarko Petroleum Corp. for $310 million. Houston-based ...
View ArticleUkraine Signs $10 Billion Shale Gas Deal with Shell
Ukraine has signed a $10 billion shale gas exploration deal with Royal Dutch Shell -- a major step in weaning Ukraine off Russian gas exports. Ukrainian President Viktor Yanukovych oversaw the ...
View ArticleIron ore may reach $170dmt Chin...
Iron ore prices may rise further to reach $170/mt "over the next quarter" based on expected re-stocking activity in China and the possibility of rain affecting supply in Brazil over the ...
View ArticleMexican steel exports down 17 in first nine months of 2012
Mexican exports of steel dropped by around 800,000 mt, or 17.4%, during the first nine months of 2012 in comparison with the same period in 2011, Canacero, the country's national steel chamber, ...
View ArticleMyanmar investigation commission meets on copper mining project
The Investigation Commission for Letpadaungtaung Copper Mining Project held a coordination meeting in Myanmar's new capital of Nay Pyi Taw on Tuesday, stressing the need for public cooperation ...
View ArticleIndonesia non-oil industry grows 7.27 pct in Q3
Indonesia non-oil and gas processing industry expanded by 7.27 percent at three months ended in September on yearly basis, indicating the good prospect of the industry, a minister said here on ...
View ArticleSB sanguine about gold in 2013
Gold may average US$1,850 an ounce next year because central banks worldwide will maintain their easy-money measures while real interest rates will be negative, according to Standard ...
View ArticleU.S. energy company ConocoPhillips targets growth in North America
U.S. energy company ConocoPhillips said Friday it will spend 15.8 billion U.S. dollars on capital projects in 2013, largely targeting growth in North America and the exploration of unconventional ...
View ArticlePRB 8800 coal prices closed mixed on lower volume
Powder River Basin 8,800-Btu/lb thermal coal prices for 2013 were mixed Friday, as trading volumes dropped sharply from the previous day's high levels. CME ClearPort cleared 135 PRB 8,800 swap ...
View ArticleChina-Africa Sunlight coal exploration project launched in Zimbabwe
A large-scale Sino-Zimbabwe joint coal exploration project, dubbed China-Africa Sunlight Exploration, broke the ground in Zimbabwe's western province of Matabeleland North on Wednesday. The ...
View ArticleChinas rare earths giant continues production halt
China's largest rare earths producer on Tuesday announced that it will continue to halt some of its production for a third month to help stabilize tumbling prices. The Inner Mongolia Baotou ...
View ArticleChinese gas pipeline ready to serve Hong Kong
China's second west-to-east gas pipeline is ready to supply natural gas to Hong Kong, as branch lines linking Hong Kong with the pipeline went into operation on Wednesday, according to the China ...
View ArticleSinopec Conocophilips to research W China shale gas
The Sinopec Group, the world's fifth-largest oil company, said Tuesday it will jointly study shale gas development with Conocophilips in west China's Sichuan Basin over the next two years. ...
View ArticleIron ore prices rise on falling inventories
Import prices of iron ore continued to rise last week, with mills replenishing stocks amid a tentative rebound in the steel sector, according to Xinhua's latest iron ore price report released ...
View ArticleShengli Oil Fields output hits 27.55 mln metric tons in 2012
Shengli Oil Field, the largest oil field under Sinopec, Asia's largest oil refiner, produced 27.55 million metric tons of crude oil last year, source reported. This is the 17 consecutive years ...
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