Copper Market Rebounds — Lundin Mining and Freeport McMoRan Poised to Benefit
Copper stocks have been on the upswing this week as the price of the red metal recently hit a new 3 month high.
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Helio’s Latest Diamond Drilling Confirms Gold
Helio Res Corp. (TSX:HRC) Intraday Stock Chart Helio Resource Corp (TSX-V: HRC) is pleased to report the discovery of a new zone of bedrock gold mineralisation at the Gap target, SMP Gold Project, in southwestern Tanzania. The zone which is at least...
FIS Brokers First Coking Coal Swap With Credit Suisse
Cme Grp. Inc. (MM) (NASDAQ:CME) Intraday Stock Chart Commodities broker Freight Investor Services said Tuesday it has brokered its first coking coal swap trade, with Credit Suisse as the counterparty, completing the move of steelmaking materials towards
Xstrata upgrades Papua New Guinea Frieda River
The copper unit of Anglo-Swiss miner Xstrata PLC (XTA.LN) Friday announced a 10% increase in the copper resource base of its Papua New Guinea Frieda River copper-gold project and said it plans to deliver a feasibility study on the project in January. The
Colombia’s Cerrejon cuts coal exports to Asia, can’t compete with Australia, Indonesia
Cerrejon LLC, Colombia's top coal exporter, is reducing its shipments to Asia as it becomes increasingly difficult for the company to compete on prices in that market with coal firms from Australia and Indonesia, company president Leon Teicher said.
Severstal eyes iron ore, coal assets in Africa, Russia
Russian steelmaker OAO Severstal's Chief Financial Officer said Friday the company is interested in iron ore projects in Africa and coking coal projects in Russia and former Soviet Union countries.
India Warns ArcelorMittal, Others Of Coal Block Cancellation
India's coal ministry has warned a group of six companies, including the local unit of the world's largest steel producer ArcelorMittal (MT.AE), to expedite work on developing a coal block jointly given to them, or face having the allocation cancelled.
INTERVIEW: Outokumpu To Focus On Growth Outside Europe
Efforts to turn loss-making Finnish stainless steel maker Outokumpu Oyj (OUT1V.HE) around have been insufficient to date and the company will now focus on growth outside of Europe in order to improve profitability, Chief Executive Mika Seitovirtaof said
Tanzania gold export receipts up 18% year to April 30
The value of Tanzania's gold exports jumped 18% in the year to April 30 due to increased prices on the international market, the Central Bank of Tanzania said Saturday.
