AngloAmerican to cut coal output
AngloAmerican (LSE:AAL) plans to implement reductions in coking coal over the next several months with further industry-wide cuts still expected.
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Hedge funds lay heavy bets on silver, gains spurred by QE3 could outpace gold
Hedge funds have placed major bets on silver due to expectations that the precious metal will outpace gold in the wake of expansionary measures by the world's central banks.
Report: ‘High-priced fuel syndrome’ the undiagnosed cause of the ailing global economy
An energy analyst has concluded that the key factor causing the world's economic woes is ”high-priced fuel syndrome“ which induces sluggish growth and range of other ailments.
Chinese stimulus spending won’t save Aussie iron ore boom
A senior manager from China's largest listed steel maker has said the government's stimulus package will do little to revive Australia's beleaguered iron ore sector.
China’s economic slowdown to hit commodities exporters hard
A new report released by the International Monetary Fund (IMF) indicates that commodities exporters and emerging economies will be hardest hit by slower growth in China and a concomitant decline in commodities prices.
$15,000 an ounce for gold would not be absurd: Eveillard
Storied investment guru Jean-Marie Eveillard says frenzied money printing by central banks and Neo-Keynesian stimulus programs adopted by governments around the world could jointly push the price of gold to $15,000.
Friedland’s Ivanplats IPO: ‘It’s a gun to the head’
If Ivanplats's $165 million worth of bonds are not redeemed for stock, rates on the debt soars to credit card-like repayments of just under 19% on November 10 and to an eye-watering 26% in November next year.
MSHA Funding for Education and Training in Mine Safety
With a gross amount of $1,250,000 the U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) supports seven educational facilities which […]
Vale says iron ore won’t go below $100 – 40% of Chinese output is already off the market
With iron content in domestic Chinese ore at only 20%, the country simply cannot compete on price with the top exporting countries.