Shares of gold-mining companies gained Tuesday after an analyst said the precious metal appeared set for benefit from tight supply and growing demand.
Goldman Sachs analyst Oscar Cabrera said in a client note that “policy-driven investment constraints and geopolitical concerns impeding the free flow of capital across the commodity complex together with strong demand from (Brazil, [...]
On 19 May 2008, ArcelorMittal completed the pricing of a US$ denominated issue of 5 year and 10 year notes, consisting of US$3,000,000,000 aggregate principal amount split equally between the 5 year and the 10 year issue. The notes will bear interest at a rate of 5.375% for the 5 year and 6.125% for the [...]
The coal ministry is preparing plans for new projects which will be submitted to the Cabinet in a month, according to Union minister of state for coal Santosh Bagrodia.
Talking to mediapersons here, Bagrodia said though several projects were in the pipeline, the ministry was working on more projects to make the country self-sufficient in coal.
He [...]
Demand from China and India has pushed the value of metals up - tin reached an all-time high last week of more than $25,000 (£12,792) a tonne.
That is four times the value of tin when South Crofty mine near Camborne closed 10 years ago.
The mine’s owners want to re-open it next year and there are [...]
A three-judge panel of the 10th U.S. Circuit Court of Appeals must decide whether an area of western New Mexico proposed for uranium mining should be treated as Indian land.
Hydro Resources Inc., a New Mexico company, is challenging last year’s decision by the U.S. Environmental Protection Agency that an area where the company wants to [...]
A third diamond from the Baghain river basin near Kalinjar in Banda district has paved the way for mining of the precious mineral in Uttar Pradesh. The Department of Minerals and Mining had launched a survey of the river basin a few years back.
The first diamond was found in 2005 and the second in 2007. [...]
A study by experts has negated fears of health hazards from mining of uranium in Meghalaya, even as the Uranium Corporation of India Limited (UCIL) sought to convince the local people that the proposed mining project would pave the way for a massive development of the state.
Having faced stiff opposition from [...]
World oil prices eased further on Tuesday, trading near 123 dollars a barrel as profit taking helped to cool a red-hot market, analysts said.
Crude oil prices have more than doubled in the past year and rocketed about 25 percent since the start of 2008, when they broke the 100-dollar barrier.
“Oil prices have simply risen too [...]
