Gold was able to maintain its highest for successive four weeks in Tuesday, but backed out after Germany gave the assurance that it can help Greece to be back on track. According to reuters.com, this pushed investors to go for additional risk while seeking for assets.
The Wall Street Journal confirmed that Germany has decided to [...]
Copper will have it chance to go back with its foot in the market after experiencing fall of production for the past months. A report in Reuters stated that the product maybe back on track as the debt issue in the euro zone eases up.
London Metal Exchange trade copper at at USD 9,005 per tonne [...]
China Shen Zhou Mining & Resources Inc. has finally made the information of its financial report for the first quarter of 2011, available. An article in steelguru.com posted the highlights of the company’s financial information for Q1 for 2011.
The highlights give emphasis on:
1. The company’s revenue that reached to reached USD 1.9 million in Q1 [...]
China is expected to cut rebate taxes of up to 9 percent on exports of aluminium profiles this coming June or July. According to an article posted in reuters.com, the rebate for the export of semi-finished aluminium and plate aluminium product won’t be changed.
Currently, exports of plate aluminium utilized in the production of industrial products [...]
Prices of commodities lower particularly of gold and silver: analysts are saying the instability of the prices can open more opportunities for both the investors and producers.
Brent crude last week has confirmed that it reached its biggest decrease in price since 2008. That is 1.5 per cent down at US$109.13 per barrel in the London [...]
According to a report released by the World Steel Association, Iran has increased its steel production to 7.3 percent in the first quarter of 2011. An article in english.farsnews.com said the production is higher compared from last year on the same period.
Based on the recent report from the World Steel Association, the production of raw [...]
India’s third annual report confirmed that iron ore export from Karnataka has been done for 7 years, based on and article posted in sify.com.
State’s royalty is said to have increased to 36 within the period of 2010 to 2011. The annual report released a quantity of 30.68 million tonnes of coal illegally exported from Karnatake [...]
Tanzania’s diamond production is foreseen to have potential of increasing for the next five years, as what has been mentioned in an article released in Tanzania’s The Citizen.
Tanzania’s diamond production and exportation has slowed down for this year after Petra have acquired majority of the shares of Williamson diamond however, its not time to loose [...]
Mining.com says mining companies in Australia are given more chances in the industry as the Expo that will be held in Alberta have sent invitation letters for the said event.
Australia is known for having booming mining industries that remained strong despite of the recession faced by other countries in the world. The country is known [...]
BHP Billiton has confirmed to have finalized its $US3.5 billion ($A3.19 billion) expansion in Samarco. Based on an article posted in yahoo.com, the project will include building an iron ore pellet plant in cooperation with Brazil.
According to analyst, the expansion and the joint venture of BHP and Brazil is expected to push steel into a [...]
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