International Minerals to be Included in Swiss Performance Index (SPI) on Swiss Stock Exchange

International Minerals Corporation announce that it has been accepted for inclusion in the Swiss Stock Exchange (“SIX”) prestigious Swiss Performance Index (the “SPI”), effective August 24, 2009. IMZ is currently the only precious metal mining company listed on the Swiss Stock Exchange and the first ever gold company to be included in the SPI. In addition, IMZ is one of only 11 foreign companies... 

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European Mining Stocks, BHP Rise; Alcatel, GlaxoSmithKline Fall

European mining stocks rose as gold climbed to a two-month high in Asia and copper prices gained. Anglo American Plc and BHP Billiton, the world’s biggest mining companies, paced the advance. Alcatel SA led export stocks lower after the dollar dropped against the euro. GlaxoSmithKline Plc paced a decline by drugmakers for a third day. The Dow Jones Stoxx 600 Index rose less than 0.1 percent to... 

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European Energy Stocks, BP Advance as Oil Rises; Banks Decline

European energy stocks, the worst- performing shares in the past three months, gained after crude prices rebounded. BP Plc and Royal Dutch Shell Plc, the region’s largest oil companies, paced the advance. “We are still positive on oil stocks despite the recent correction in the oil price,” said Sergi Martin, who helps oversees $5.3 billion at Credit Andorra in Andorra. “They... 

Solar power shines, despite clouds

When Erica Grubb installed solar panels on the roof of her Berkeley house, the decision was both personal and political. Personal because Grubb used a small inheritance from her mother to purchase the solar panels, which cost $18,000 — $13,000 after rebates. Political because seeing “An Inconvenient Truth,” Al Gore’s movie on global warming, inspired Grubb, a lawyer, and her... 

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Strike forces closure of Inco nickel mine

Nickel prices vaulted up by 5 percent on Friday as Inco Ltd. said it was starting an “orderly shutdown” of its Voisey’s Bay nickel mine in Canada after workers walked out. Some 120 employees of a total workforce of 420 walked out at midnight at Voisey’s Bay, one of the world’s largest nickel mines, after talks with management broke down, a union representative said. “They... 

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U.K. Mining Stocks Rise, Led by BHP Billiton; Cadbury Drops

U.K. mining stocks rose, led by BHP Billiton and Anglo American Plc as metal prices increased. Shares of Cadbury-Schweppes Plc dropped after the U.K. Food Standards Agency said it will probe why the company took six months to report traces of salmonella in some of its chocolate. The FTSE 100 Index added 7.10, or 0.1 percent, to 5699.20 at 11:31 a.m. in London, with 46 stocks rising, 50 falling and...