Mining shares lead rally ignited by US fiscal cliff deal
The FTSE 100 index rose 139 points to 6,037 points, the first time it has been above the 6,000 level in 17 months, with mining shares exceptionally high.
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New remote truck checking services
Volvo Trucks has developed a new GSM-based system that allows the workshop to check a truck’s condition remotely – a development that promises increased uptime and lower maintenance costs, to be release in Europe this year.
ArcelorMittal selling $1.1-billion stake in Canadian iron ore business to Asians
The consortium includes South Korean steelmaker POSCO and Taiwan-listed China Steel.
Gold enjoys gains as fiscal cliff averted
Last minute talks successfully averted the long-dreaded fiscal cliff
Ex-diplomat says Chinese investment indispensable to oil sands development
A former Canadian diplomat says the use of imported Chinese labor is indispensable to the development of Alberta's oil and gas industries.
Molycorp becomes takeover target as market capitalization sinks below net assets
Molycorp share prices sink to record lows following many difficulties last year, leaving the American rare earth producer a highly appealing takeover target
Silver prices will go crazy as demand overwhelms supply: Embry
John Embry, chief investment strategist with Sprott Asset Management, believes silver prices will go "ballistic" as demand massively outpaces supply
Mining giants reap the benefits of India’s iron ore ban
A court-ordered ban on iron ore production in India is helping to boost spot prices as well as providing global mining giants with extra supply opportunities
ETFs could push copper market back into ‘significant deficit’
2013's surplus set to evaporate within three years says Macquarie.