HOME > FINANCE / POLITICS > MINING FINANCE / INVESTMENT

MINING FINANCE / INVESTMENT

Grupo Mexico announces Q2 profit jump to near $310m

Thursday , 29 Jul 2010
The Mexican miner said higher metals prices and production from US arm, Asarco, helped push Q2 profits from $239m recorded last year to around $310m for the 2010 period

Big miners expected to deliver strong results

Wednesday , 28 Jul 2010
While investors expect a more cautious tone to be sounded for the second half by the likes of Vale, Anglo American and Rio Tinto, strong demand from Asia is expected to have boosted first half earnings

LME sees record trading in H1, now targeting Asia

Tuesday , 27 Jul 2010
The metals exchange's chief executive said the first half had been a "good six months" with trading volumes jumping 7.5%. He added the exchange has it plans to improve its warehousing systems

Xstrata production update disappoints

Tuesday , 27 Jul 2010
Ahead of results next week, the London-listed miner said mined copper output fell to 434,147 tonnes but failed to give an updated outlook

Newcrest strikes equity alliance with Sumatra Copper and Gold

Tuesday , 27 Jul 2010
Under the agreement, Newcrest will take up to a 13.2% stake in Sumatra and, among other things, earn a 70% interest in the group's Tandai project

CITIC shares jump over 12% on spin-off plan

Monday , 26 Jul 2010
The group said early Monday it would spin off its manganese mining and processing unit onto Hong Kong's main board

Time to Accumulate metals and mining stocks-UBS

Monday , 26 Jul 2010
UBS says thermal coal, copper, zinc and gold are the commodities to watch. But, warns investors to take their time accumulating assets

Minara in no hurry to raise shares - Chairman

Friday , 23 Jul 2010
After calling off an equity increase earlier in the year, the company has yet to set a new date for the stock issue but, says it is ready to move should the stars align

World's first lithium ETF to be unveiled Friday

Friday , 23 Jul 2010
Global X Funds announced Thursday it would unveil the fund and said it will be comprised of shares in the largest and most liquid lithium battery producing, mining and refining companies.

BMO foresees upside in commodities' prices after anxious summer

Friday , 23 Jul 2010
BMO expects commodities to rally and perform quite well due to continued strong growth in China and ongoing recovery in the western world in the next 18 months.

Northern Africa an untapped resource for commodity-hungry investors -Julius Baer

Thursday , 22 Jul 2010
Often overshadowed by South Africa, the region holds many resources in smaller economies that are unlikely to be affected by a second dip into recession and are just waiting to be discovered

China climbing into global mining assets

Wednesday , 21 Jul 2010
More and more companies are turning to China to finance major mining projects as the Asian giant seeks minerals globally.

BHP cautious on short-term commodities outlook

Wednesday , 21 Jul 2010
The group, which reported a 16% jump in quarterly iron ore production said, Uncertainty surrounds the near-term prospects for growth in the developed world..."

Asian firms have $7bn in Australian coal assets in their sights

Wednesday , 21 Jul 2010
With long-term forecasts calling for greater coal consumption over the next 30 years, companies across Asia are jostling for supplies and valuations of Australian coal miners are being pushed up

Atlas Copco announces record Q2 margins

Friday , 16 Jul 2010
The group saw a better-than-expected rise in both profits and margins on the back of improved demand from miners and emerging economies

How to tell your ETFs from your, ETCs, not to mention your ETNs

Thursday , 15 Jul 2010
It is only too easy for market observers to use one term when they mean another and although the instruments are largely generic, there are subtle differences.

Ivanhoe to terminate contract clause banning other strategic investors

Wednesday , 14 Jul 2010
The announcement, which sent shares in the company soaring, could force its largest shareholder, Rio Tinto, to pay a premium if it decides to seek control of the miner.

Sprott Asset Management appoints new CEO

Wednesday , 14 Jul 2010
Peter Grosskopf will take over from Eric Sprott as CEO from September 7;Sprott will move to chairman

Oyu Tolgoi's bells and whistles

Tuesday , 13 Jul 2010
Rio Tinto vs. Ivanhoe: A strange spat over Mongolia's Oyu Tolgoi spills into the open.

Carroll's 26bn reasons to take the Anglo Platinum chair

Thursday , 08 Jul 2010
Alec Hogg reckons some believe corporate governance guidelines means little when real money's involved.

The dollar vs. euro slugfest reels on

Thursday , 08 Jul 2010
Investors should not ignore interesting patterns in global currency trades. Dollar has been strong despite restrained underlying outlook.

Australian resource project status following RSPT tax replacement

Thursday , 08 Jul 2010
Since the new Gillard-led Government replaced the RSPT tax proposals with a less demanding imposition, a number of proects threatened with closure have been reinstated.

Anglo American: is the mega-miner running out of ideas?

Tuesday , 06 Jul 2010
Top mining executives may be plain shy of joining an overburdened Cynthia Carroll as Anglo American continues its internal remodeling.

Singapore wealth fund report to show shift into resource sector?

Tuesday , 06 Jul 2010
Temasek, the Singaporean Sovereign Wealth Fund, is expected to reveal a bigger focus on resource investment moving ahead.

Hindustan hires UBS, four other banks to run $1bn share sale

Friday , 02 Jul 2010
The company is planning to file the draft prospectus by the end of July and launch the follow-on public offer in September

Mining tax compromise expected to unlock Australian mining M&A

Friday , 02 Jul 2010
The stalled pipeline of mergers in the country's resources sector is expected to start flowing once again, although some hurdles still remain.

As June gold prices hit record, uranium stayed in cellar--Scotiabank

Thursday , 01 Jul 2010
Scotiabank economist Pat Mohr says uranium prices continue to be dampened by a variety of factors; forecasts a climb in Western Canada's hard coking coal prices.