Gold and silver mining stocks, though nearly all down for the week, rose Friday, in some cases climbing more than either the S&P 500 or the Dow Jones Industrial Average. The broad-based S&P 500 rose 1.88 percent and the 30-component Dow Jones I...
There is a good deal of doubt on the Iron Ore outlook over the next few years, most of it is predicated on an ongoing downturn in the global economy, but before selling your Iron Ore companies let's take a look at the facts.
Three years before it has yet to really produce coal, the northern Galilee Basin is already fully booked to Indian and Chinese coal mining companies. The Australian Newspaper said India's Adani Group already owns some 7.8 billion tones into the Queensland coal field, and is poised to pay an additional US$1.3 billion for a 7.9 billion-tonne coal tenement.
While Australian billionaire Clive Palmer owns some 3.7 billion tones into the field, which reports say he is developing with Chinese business partners. The northern Galilee basin has a total of 20 billion tonnes production capacity.
Richard Johnson has a glittering dream he hopes India's dilatory government won't thwart. The 60-year-old mining engineer wants to restart gold production at Kolar, site of one of the world's deepest mines in the heart of gold-fevered India. The Kolar
Shaanxi Coal Industry plans an initial public offering in Shanghai to raise up to 17.3 billion yuan ($2.7 billion) in what could be China's biggest IPO this year.
The China Securities Regulatory Commission (CSRC) said late on Thursday that it would review Shaanxi Coal's IPO application on August 29.
Australia and New Zealand Banking Group's China unit has received regulatory approval to trade gold futures on the Shanghai Futures Exchange, it said on Tuesday, becoming the second foreign bank allowed access to the country's gold futures market.
Canadian company Silvercorp Metals Inc. said Monday it is buying a controlling share in two Chinese mining companies for about $10.4 million, including debt.
Silvercorp will hold a 90 percent stake in Zhongxing Mining Co. Ltd. and Chuanxin Mining Co. Ltd. It will pay $4.3 million cash for the two companies and assume $6.1 million in debt. Silvercorp is making the purchase through its majority-controlled Henan Found Mining Co. unit.
Newcrest ASX:NCM has demonstrated what is in the future for Gold miners, Bigger Profits! The strong rise in gold has to some extent escaped the eye of investors and many Gold companies remain very good value.