The dollar was mostly higher against other major currencies in European trading Thursday morning. Gold prices rose sharply.
The euro traded at $1.3090, down from $1.3143 late Wednesday in New York.
Other dollar rates:
– 121.28 Japanese yen, up from $120.88
– 1.2427 Swiss francs, up from $1.2373
– 1.1600 Canadian dollars, down from $1.1605
The British pound traded at $1.9508, [...]
Newmont Mining Corp., the world’s second-largest gold producer, said on Thursday that fourth-quarter profit more than tripled on much higher gold prices.
Net earnings were $223 million, or 49 cents per share, compared with $62 million, or 14 cents per share, a year earlier, the Denver-based mining company said.
Chhattisgarh Chief Minister Raman Singh Tuesday criticised state-run National Mineral Development Corporation (NMDC) for excavating Bailadila iron ore reserves for export purposes.
Addressing the assembly during a question hour, Singh said: ‘NMDC is annually excavating iron ore worth Rs.40 billion from Bailadila. Export of this rare natural resource must be stopped as it comes under the [...]
Jharkhand Chief Minister Madhu Koda has sought a fortnight from Arcelor Mittal Steel to settle the issue of iron ore supply. Jharkhand is unable to meet the steel giant’s demand of 600 million tonnes of iron ore for 30 years to set up a 12 million tonne steel plant.
Representatives from the company met Koda in [...]
Barrick Gold Corp., the world’s largest gold producer, said fourth-quarter profit more than doubled as prices climbed, and acquisitions and new mines boosted production.
Net income surged to $418 million, or 48 cents a share, from $175 million, or 32 cents, a year earlier, the Toronto-based company said today in a statement. Sales gained 74 percent [...]
MILES CITY, Mont. - When the soil in Roger Muggli’s fields turned bad last year, damaging more than 300 acres of alfalfa, the third-generation farmer quickly named a culprit: coal-bed methane drilling along the nearby Tongue River.
Muggli’s finger-pointing has made him few friends in a region where economic development is desperately needed and future coal-bed [...]
DENVER - Wildlife groups expressed concern Tuesday over Colorado’s booming oil and gas industry and the impact on wildlife, saying state regulators are “stretching the science and the art” without understanding the long-term impact of widespread drilling operations.
Lawmakers on the state House Agriculture, Livestock, & Natural Resources Committee responded by giving their approval to a [...]
Actelis Networks® Inc., the global leader in Carrier Ethernet over Copper(TM) access technology, announced the ML 640 which is the latest innovation in their Carrier Ethernet over Copper access portfolio. The ML 640 enables service providers to create an intelligent Ethernet access edge with sophisticated bandwidth control, traffic management and quality of services features.
Like all [...]
Bronco Drilling Co. said Thursday that its fourth-quarter profit more than doubled on sharply higher revenue and an increase in the number of operating rigs available.
Quarterly net income surged to $16.4 million, or 66 cents per share, from $6.8 million, or 31 cents per share, in the prior-year period.
Excluding a one-time charge related to [...]
Codelco, the world’s biggest copper producer, said it reached a new wage agreement with a group of workers at its largest mine, averting a strike.
A union representing about 530 workers at the Chuquicamata copper mine in northern Chile voted Wednesday to accept a wage offer after Santiago-based Codelco reduced the length of the contract, union [...]
