Chicago Mercantile Exchange slashes precious metal margins
The Chicago Mercantile Exchange (CME), the biggest provider of US futures,says it will cut margins on precious metals and copper futures from February 12. The initial margins on the benchmark COMEX ...
View ArticleChinese bank calls $1.6 trillion local government debt a timebomb
The Agricultural Bank of China has sounded the alarm about "impulsive" local governments over-investing in the name of urbanization. China's official government news ...
View ArticleLebanon approves gas exploration terms
Lebanon has approved the new conditions for international oil companies to bid for the highly anticipated offshore gas exploration, a move seen as crucial to place the country among the ranks of oil ...
View ArticleWisconsin mining bill draws 200 to listening session
ASHLAND, Wis. -- A hearing on proposed legislation that would streamline the state's mining laws drew at least 200 people to northern Wisconsin on Saturday, with most saying the measure would ...
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 ArticleChina copper imports up 14.1 in 2012
China's copper imports fell 6.6 percent in December on the month due to weak demand from plants which reduced purchases of metal at the end of the year due to low cash flows, but inflows ...
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 ArticleChina spot copper buys seen delayed until after lunar holiday
Most users of refined copper in China, the world's largest consumer of the metal, will hold off on spot purchases until March, despite brighter prospects for consumption, preferring to wait ...
View ArticleChinas 2012 copper imports hit record high of 3.4 mil mt on strong de...
China's 2012 refined copper imports hit a record high of 3.4 million mt, crossing the previous record seen for 2009 at 3.19 million mt, the latest figures from the General Administration of ...
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 ArticleChinas 2013 alumina output to rise 10 on year to 46.3 mil mt Antaik...
China is forecast to produce 46.3 million mt of alumina in 2013, up 9.9% from realized output in 2012, an analyst at state nonferrous information division Beijing Antaike said Monday. The ...
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 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 ArticleEnergy minerals development highlighted in New Zealand governments g...
The New Zealand government Tuesday laid out its framework for developing the country's natural resources, which put initiatives such as expanding oil and gas exploration alongside recognition ...
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 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 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 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 ...
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