Ernst & Young says some optimism returning to junior mining stocks
The Ernst & Young Mining eye index made a gain of 29% over Q1 2009, supported by steady upward momentum in the prices of some key traded metals. This is a remarkable reversal of fortune for an...
View ArticleChinese steelmakers association rejects 33% reduction in iron ore price
Author: Dorothy Kosich, Mineweb.netThe China Iron and Steel Association (CISA) said it will not accept the 33% reduction in the annual iron ore contract price agreed to by Rio Tinto and other Asian...
View ArticleChina's Shanxi Province considers coal futures bourse
Author: Dorothy Kosich, Mineweb.net China's largest coal producer, Shanxi Province, plans to establish the nation's first coal and coke futures exchange. Wang Hua, director at the Shanxi provincial...
View ArticleRoskill sees continued weakness in chromite and ferrochrome prices
(Lawrence Williams, Mineweb.net) UK-based metals analysis consultancy, Roskill Information Services has published its latest report on the chromium sector and predicts a bleak year price wise for...
View ArticleStock markets top 100 Gold Stocks - bruised but still looking strong
Gold bullion has taken a bit of a beating, allowing investors to show which listed gold stocks get the most votes during a tough patch
View ArticleMoto's Congo gold orebody now the centre of a serious takeover battle
Moto's dazzling Congo gold orebody is now the centre of a serious takeover battle: Red Back, AngloGold Ashanti, Randgold Resources, with more possibilities; Newmont, perhaps?
View ArticleScotiabank Metals and Mineral Index up 4.7% in June
Author: Dorothy Kosich, Mineweb.com As China became the first major economy to emerge from the global financial crisis, Scotiabank economist Patricia Mohr noted Chinese demand propelled LME copper...
View ArticleManganese: the misunderstood metal
It's the world's fourth-most consumed metal by weight, and the twelfth-most abundant in the Earth's crust. All steels contain it. But who has ever heard of manganese?
View ArticlePallinghurst Resources raises US$98.5 million for iron ore, gemstone,...
The money will be allocated to the group's four projects including platinum group metal projects in South Africa's Bushveld igneous complex
View ArticleDebeers Rough Diamond Sale Result Brings Relief to Battered Diamond Sector
(Barry Sergeant, Mineweb.com) Rising from a base close to zero is sometimes more difficult than it seems, but De Beers, the world's biggest miner of rough diamonds, has scored a sight (sale) for August...
View ArticleWestern world could be facing a severe shortage of tantalum over the next few...
(Larwence Williams, Mineweb.com) According to a new special study report from UK metals research consultancy, Roskill Information Services, there are fears in the tantalum market that serious shortages...
View ArticleDiamonds - Where Will All the Rough Come From?
The long term fundamental picture for diamond prices is strong but, the sector faces looming and significant difficulties in the short and medium term.
View ArticleChina Investment Corp steeping up rate of investments in overseas companies
(Lawrence Williams, Mineweb.com) According to reports in the Chinese press, China's $200 billion sovereign wealth fund, China Investment Corporation (CIC) is stepping up its rate of investment in...
View ArticleBotswana diamond industry struggling to get out of recession
By John Chombah, Mineweb.com Since its formation, the Diamond Trading Company Botswana (DTCB) has yet to realise the full benefits that were envisioned for it. Corporate communications and public...
View ArticleMassive Brazilian power blackout may short circuit future mining ventures
A power outage that plunged as many as 60 million people and half of Brazil in darkness Tuesday may indicate Brazil's power infrastructure is not adequate to reliably serve its mushrooming...
View ArticleMongolia cancels auction of world's largest undeveloped coal project
By Dorothy Kosich, Mineweb.com With the cancelation of the auction of a 49% stake in one of the world's largest undeveloped coal deposits, Mongolia's new generation of politicians may be shifting away...
View ArticleYara's friendly $4.1 billion takeover of Terra intensifies ongoing...
By Barry Sergeant, Mineweb.com Sioux City based Terra Industries has accepted a USD 4.1bn cash offer from Norway's Yara, in the latest round of consolidation in the increasingly active global...
View ArticleErnst & Young sees China playing increasing role in mining finance
By Geoff Candy, Mineweb.com In 2009, China spent $16.1bn on mining transactions, or about a quarter of all global deals during the year. And, it is this emergence of China (along with other parts of...
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China's latest import figures boost demand for high yielding currencies
By Rhona O'Connell, Mineweb.com The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South...
View ArticleChinese companies complete more than half of all metals M&A activity so far...
By Dorothy Kosich, Mineweb.com PricewaterhouseCoopers says that after a lull in mega metals deal activity last year, two mega deals-fueled by a quest for iron ore by Chinese companies-were announced...
View ArticleFeds launch criminal probe of alleged silver market manipulation
By Dorothy Kosich, Mineweb.com The Department of Justice and the Commodity Futures Trading Commission have launched parallel criminal and civil investigations of JP Morgan Chase and its trading...
View ArticleChina to restrict strategic rare earth minerals mining
The Chinese government has proposed placing restrictions on the mining of rare earth minerals, ensuring strategic rare earth minerals will be exploited by only a few select state-owned enterprises....
View ArticleQuadra FNX and China's State Grid International Development fail to meet JV...
By Dorothy Kosich, Mineweb.com A proposed joint venture between Vancouver's Quadra FNX Mining and State Grid International Development Ltd. of China (SGID) to develop Sierra Gorda and the Quadra FNX...
View ArticleZinc 'in a very delicate place' - Christopher Ecclestone
Hallgarten & Company's Christopher Ecclestone forecasts "zinc and lead could be back at the 90 cts level within weeks, and should end the year above $1 per lb." In an analysis published Wednesday,...
View ArticleEcclestone bullish on zinc and lead prices by end of 2010
By Dorothy Kosich, Mineweb.com Hallgarten & Company's Christopher Ecclestone forecasts "zinc and lead could be back at the 90 cts level within weeks, and should end the year above $1 per lb." In an...
View ArticleGFMS says silver is likely to trade above $30/oz in 2011
By Dorothy Kosich, Mineweb.com In a presentation Wednesday to the Silver Institute in New York City, GFMS forecast an average silver price of $19.94 this year, a gain of 36% year-on-year. Despite what...
View ArticleWho is going to become the "Saudi Arabia of Lithium"?
By Lara Smith As automakers and battery companies are scrambling to develop the most economic and effective battery power fuel solution, questions are being asked about whether current deposits can...
View ArticleJapanese scientists develop 1st artificial rare metal-palladium-type alloy
By Dorothy Kosich, Mineweb.com Japanese researchers say they have created the world's first artificial rare metal, an alloy similar to palladium, which they hope could ease Japan's dependence on other...
View ArticleU.S. Mint reports strong silver bullion sales on first business day of 2011
By Dorothy Kosich, Mineweb.com The U.S. Mint, which began accepting orders from authorized dealers for the 2011 Gold Eagle bullion coin, as well as the 2011 Silver Eagle bullion coin, reported nearly...
View ArticleU.S. security think tank urges Feds to get moving on rare earths strategy
A report by the think tank the American Security Project has urged U.S. policymakers to develop a coherent, long-term strategy to reduce U.S. dependence on rare earth metals from China. The report by...
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