Eastplats closes C$348m financing
December 31, 2010 by goldguru · Leave a Comment
Eastern Platinum has completed a C$347,6-million equity financing, the firm said on Thursday.
Eastplats issued 224,25-million shares, including the exercise of the full over-allotment option in the offering.
ArcelorMittal sweetens Baffinland offer to match rival bid
December 31, 2010 by goldguru · Leave a Comment
The steelmaker said Friday it has raised its offer for control of Baffinland Iron Mines to C$1.40/share to match a rival offer from Nunavut Iron
Read more….
Metals end 2010 on the up
December 31, 2010 by goldguru · Leave a Comment
All but one of the European base metals markets ended higher in 2010 with copper and tin expected to continue strongly into 2011
Read more….
Commodity spiral could lead to demand destruction and price reversals
December 31, 2010 by goldguru · Leave a Comment
Higher and higher commodity prices and likely moves in China to combat growing inflation could see commodity prices fall sharply in 2011
Read more….
Silver up 80% in 2010 but can this rate of advance continue?
December 31, 2010 by goldguru · Leave a Comment
Silver has been one of the best performing commodities of all in 2010, but the better part of its rise has only been in the past few weeks – can this stellar performance be maintained?
Read more….
Gold ends year up 27.7% but silver and palladium far better
December 31, 2010 by goldguru · Leave a Comment
The LBMA, which sets the official London gold price, is now closed for the New Year but before doing so set the final fix for 2010 at $1410.25 – a rise of 27.7% on the year
Read more….
South Africa’s coal exports back on the rails with Transnet
December 31, 2010 by goldguru · Leave a Comment
Railway lines reopened after Monday’s derailment on Richards Bay coal export route. Transnet says it will recover losses, but won’t disclose how. Coal producers blame dilapidated rolling stock.
Read more….
Baffinland courtship: Nunavut Iron moves to out-sweeten rival suitor
December 31, 2010 by goldguru · Leave a Comment
Nunavut raises stakes on rival ArcelorMittal, as it sweetens hostile bid for control of Baffinland. Nunavut increases offer to C$1.40 per share for 60% of Baffinland’s shares.
Read more….
Indonesia predicts 90,000 tonne tin output for 2011
December 31, 2010 by goldguru · Leave a Comment
This year’s tin output at 78,965 tonnes – 12.3% below target this year. Poor weather and clampdown on illegal mining blamed for lowered production, but 2011 output more hopeful.
Read more….
High rupee level spurs Indian dealers’ betting on gold
December 31, 2010 by goldguru · Leave a Comment
Gold more affordable in India as rupee reaches three-week high. Bullion dealers reporting high levels of sales and orders. Sales set to increase in mid-January for India’s festival season.
Read more….
« Previous Page — Next Page »