European mining stocks may rise after gold prices gained and China said economic growth will accelerate this year. Rio Tinto Group and Anglo American Plc might lead the advance.
“Metal prices have moved significantly higher which should help the mining companies,” said Simon Denham, a director at London Capital Group. “We see Rio and Anglo opening [...]
Bangladesh’s prime minister’s office has asked the energy ministry to take necessary steps to scrap a multibillion dollar coal-mine deal with British company Asia Energy PLC that sparked violent protests, a news report said Saturday.
The move came after at least six people were killed by police during violent protests in August demanding that the government [...]
The Ministry of Petroleum has prepared an incentive-laden upstream Petroleum Policy 2006, to secure investment for oil and gas sector. The petroleum ministry officials are busy with the consultant to give the new policy final shape before it is submitted to the federal cabinet for approval.
Pakistan has offered incentives to oil and gas companies in [...]
DIAMOND giant De Beers had bought another 1,22-million shares in diamond exploration company African Diamonds for £2,1m to raise its stake to 5,96%, African Diamonds said yesterday.
The deal is insignificant in relation to the size of De Beers but underlines the group’s interest in African Diamonds’ findings, particularly in Botswana.
De Beers has a policy of [...]
AIM listed, London based, junior mining company, European Nickel, which recently signed an agreement with Greece’s Larco to deliver 200,000 tonnes of ore from its Caldag mine in Turkey to the latter’s ferro-nickel smelter at Larymna in Greece, is now reported to have secured a US$175 million bank loan arranged by Standard Bank, Standard Chartered [...]
Nickel rose on the London Metal Exchange after stockpiles monitored by the bourse fell the most in three weeks, cutting reserves in warehouses to less than two days of global consumption.
Nickel inventory dropped 312 metric tons, or 4.9 percent, to 6,078 tons, the exchange said in a daily report. Stockpiles of the metal used in [...]
Venezuela will delay a final vote on legislation that would eliminate some mining concessions, seeking more time to discuss the bill with small miners, Basic Industries and Mining Minister Jose Khan said.
Khan told reporters outside a congressional ceremony today in Caracas that approval by the end of the year is possible. Legislators in the government’s [...]
The U.S. dollar was little changed Wednesday morning against other major currencies in European trading. Gold prices fell.
The euro bought $1.2675, down from $1.2677 late Tuesday in New York.
Other dollar rates compared with late rates Tuesday included: 117.40 Japanese yen, down from 117.57; 1.2523 Swiss francs, up from 1.2512, and 1.1288 Canadian dollars, up from [...]
