Dr Caterpillar’s chart says the global economy is going to get much sicker. And soon
But management of the equipment behemoth has stuck to their forecasts for a record-breaking year.
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North American Tungsten Corporation Ltd.: Cantung mine back in production
Stephen Leahy, Chairman & CEO, stated: "Having three bridges installed and functioning in just over a week's time is an exceptional accomplishment.
Barclays: Commodity investors’ retreat is turning into a stampede
The speed and extent of recent commodity price falls suggest market participants are anticipating a severe deterioration in the macroeconomic outlook.
Chinese burn fingers in the Pilbara
“This is no longer about commercial goals. It is about Chinese machismo. They have plonked down too much money to pull out now.”
Power to China in the IMF – does this mean gold to be mobilized?
While the B.R.I.C.S nations are contributing to the I.M.F.’s funding with the purpose of shoring up the global financial system, they’ve stipulated that they want more power in the I.M.F.
South Africa to up the rent because nationalisation would break the bank
The African National Congress has proposed a tax to raise R40 billion: the Resource Rent Tax would take 50% of a mining company's profits that exceed 15% return on their investment.
FLSmidth opens all-in-one service centre in Chile
FLSmidth has opened an all-in-one service centre, called a Supercenter, in Renca, Santiago, Chile. The centre is one of eight planned to be built in countries where FLSmidth has signifi- cant mining and cement operations.
Coal prices sink again as Chinese storage yards near capacity
Analysts are now saying that the world's second largest economy may not be the "long-term structural importer of thermal coal" suppliers have been betting on.
Rio Tinto makes first coal shipment from Mozambique
Giant miner Rio Tinto said Monday that it has started exporting premium hard coking coal from its Mozambique Benga Mine, its first shipment of 34,000 tons has left the Port of Beira and is bound for an Indian steel mill.
