Posts by :

Peabody net up 5.9%

Peabody Energy Corp.'s (BTU) fourth-quarter earnings improved 5.9% as global sales climbed, helped by U.S. mining revenue. But shares sank 4.8% to $35.70 premarket as results missed market expectations and the company was saddled with acquisition costs. As of Monday's close, the stock was down 8.4% over the past three months.

When is the right time to sell silver coins?

I have quite a few very old silver dollars, dimes, quarters, etc., that I've been told are worth much more than their face value. Should I hold on to them in view of all the warnings that the dollar will be worthless and gold and silver will hold their value, or should I sell them?

Global Steel Demand Growth To Slow in 2012 -Worldsteel

-- Global apparent steel demand to be driven by developing economic growth and slower developed economic growth -- Chinese apparent steel demand to grow 7.5% in 2011 and 6% in 2012 -- Demand for steel in China, India, Latin America Above Pre-Crisis Lev...

Rio Tinto plans to sell ‘a lot’ Of Oyu Tolgoi output to China

Rio Tinto PLC (RIO) plans to sell "a lot" of the output from the Oyu Tolgoi copper and gold project in Mongolia to China, and is in discussions with smelters in China, Rio Tinto's U.S. Copper Chief Financial Officer said Friday at an industry event."Talks are still underway, and there's no definite plan right now," Kay Priestly told a Metal Bulletin conference in China. With the Oyu Tolgoi mine strategically located close to China where demand is high, so "it's certainly our plan to transport a lot of the products to China," Priestly added.

Rio Tinto raises stake in Ivanhoe Mines to 48.5 pct

Mining company Rio Tinto PLC (RIO) Wednesday raised its ownership stake in Canada-based Ivanhoe Mines Ltd (IVN.T) by 2% to 48.5% as it sought to cement its commitment to the massive Mongolian Oyu Tolgoi copper-gold project. Rio Tinto paid C$18.98 a share and exercised its subscription right to the tune of C$529.5 million in order to increase its take in Ivanhoe Mines, the majority owner of the Oyu Tolgoi project.
Featured Post

Brazil’s Vale halts transport on Carajas iron ore railroad due to accident – report

Brazilian mining company Vale SA (VALE, VALE5.BR) halted iron ore and passenger transport for an undetermined period on a stretch of its Carajas railroad in north Brazil after an accident occurred during bridge construction work, Brazil's Radio CBN...