December 26, 2011

Australia told to make use of brown coal reserves

It is reported that a mining company has told a parliamentary committee Victoria needs to make more productive use of its coal reserves. Exergen is lobbying the State Government for…

December 26, 2011

Metals – Chile – Two Codelco Ventanas executives to be charged over sulfur dioxide leak

Two executives from Chilean state copper producer Codelco's Ventanas division will be formally charged by the Quintero district attorney's office regarding their alleged responsibility for a sulfur di...

December 26, 2011

Privatization – Chile – Codelco says agreement with Anglo American looks improbable

The chances for a negotiated solution to the conflict between Chilean state copper producer Codelco and London-based Anglo American (LSE: AAL) have faded following the latter's legal action for allege...

December 26, 2011

Iron ore may rise to $150 if China eases credit rules

Umetal.com forecast based on Chinese demand New York: Iron ore may rise to $150 (Dh551) a metric tonne by March on expectations China's central bank will ease credit conditions and…

December 26, 2011

Positive US outlook holds gold steady

Precious metal may face selling pressure Mumbai: Gold was little changed in thin holiday trading amid speculation that the US economic recovery may continue and curb demand for the precious…

December 26, 2011

Silver falls Rs 50 gold holds steady

Starting the week on a bearish note on Monday by extending losses for the second straight session, silver fell Rs 50 to Rs 52,500 a kg on sustained selling by…

December 26, 2011

How dudes mine for gold

Underwater mining off Nome, Alaska, draws up to 50 boats in the summer, small independent operators looking for placer gold in ocean water just above freezing.

December 26, 2011

Canadian dollar to stay just below par and GDP will grow at just two percent: BMO’s 2012 outlook

In 2012 the Canadian dollar is predicted to stay just below par and Canadian GDP will grow just two percent, according to Doug Porter, Deputy Chief Economist at BMO Capital…

December 26, 2011

Metso’s DNA Application for Power Generation Industries

Metso introduces advanced power plant applications that enhance both efficiency and environmental performance. The Metso DNA automation system has now been strengthened to include new control applications for steam and…

December 26, 2011

Zinc leads drop in metals as int’l markets take a break

Zinc led a dive among the most traded contracts of four base metals on the Shanghai Futures Exchange yesterday, as the Christmas period lessened the impact from international markets. The…